Asset Backed Security - Law Dictionary Search Results
asset-backed security
Matched in: Term asset-backed security
security
Matched in: Term security
bond
a bond backed by the general credit of the issuer rather than by a specific lien on particular assets : debenture discount bond : a bond with a market value lower than its face value flower bond … which no certificate is issued convertible bond : a bond that may be exchanged for another type of security (as common stock) at prearranged terms coupon bond : a bearer bond that has coupons that must be
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interest
1 : a right, title, claim, or share in property Article Nine security interest : security interest in this entry beneficial interest : the right … or that may be claimed on the ground of equitable relief [claimed an equitable interest in the debtor's assets] executory interest : a future interest other than a remainder or reversion that may take effect upon the … another's money that is usually a percentage of the money being used [an account yielding 7% ] [paid back the loan with ] com·pound interest : interest computed on the sum of the original principal and accrued
Partnership
s. 56 (1) (b), replacing (English) Jud. Act, 1873, s. 34)]. The County Court has jurisdiction if the assets do not exceed 500l. [(English) County Courts Act, 1934, s. 52 (f)] Limited Partnership.--The (English) Limited Partner-ships Act, … purposes a general partner. Further, a limited partner may not, either directly or indirectly, draw out or receive back any part of his contribution, and if he does he in no way lessens his liability [s. 4 … s. 357] A limited partner remains a general partner, and does not secure for himself the limitation of liability until the limited partnership is registered
Executor
received. (5) It is the duty of the executor to collect and speedily reduce into money the personal assets, when not otherwise directed, especially if they be of a perishable nature. (6) As an executor cannot sue … 13. Probate of the will, when obtained, is only evidence of his title; as a rule it relates back to the time of the testator' death, and as the executor derives full power from the will he … funeral expenses if the testator died insolvent; and if he neglects to secure the property, and loss ensue, he will be personally liable for a
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