Borrowing Powers - Law Dictionary Search Results
Infant
age or marry, are excluded from the distribution of the residuary estate of an intestate but the statutory powers of advancement and provisions relating to maintenance and accumula-tion of income are to apply, and infants may be … of the same Act make it a misdemeanor to invite by circular, etc., an infant to bet or borrow money. See Milton v. Studd, (1910) 2 KB 118. An infant is liable for torts committed by him
Mortgage
Law to the mortgagor. Until the mortgage has been foreclosed, or unless the property has been sold under powers to satisfy the debt, it is redeemable in a Court of Equity upon payment of the debt or … order to secure either the repayment of the one or the liquidation of the other. the debtor, or borrower, is then the mortgagor, who has charged or transferred his property in favour of or to the creditor
Acquisition
[Competition Act, 2002 (12 of 2003), s. 2(a)] 'Acquisition', with its grammatical variations and cognate expressions, includes hiring, borrowing, or accepting as a gift. [Arms Act, 1959 (54 of 1959), s. 2(a)] The office of one functionary … not by voluntary agreement but by authority of an Act of Parliament and by virtue of the compulsory powers thereby conferred. In case of acquisition the property is taken by the State permanently and the title to
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Expectant heir
property will accrue on the death of another person. expectant heirs wishing to anticipate this property have frequently borrowed money, to be repaid when the expected property shall devolve upon them. From the uncertainty of this period,
Interest
entitled to its use; especially, the amount owed to a lender in return for the use of the borrowed money [Black's Law Dictionary (7th Edn.) pp. 393-94 para 37]. Interest, is the accretion on capital, Amin Chand
Local Government
VI. Alteration of Areas. Part VII. Acquisition of, and Dealings in, Land. Part VIII. County Councils. Part IX. Borrowing. Part X. Accounts and Audit. Part XI. Local Financial Returns. Part XII. Bye-laws. Part XIII. Promotion of, and … councils throughout England and Wales, and has been amended and extended by many other Acts. Transfer of Imperial Powers to County Councils.--The (English) Local Government (Transfer of Powers) Act, 1903 (3 Edw. 7, c. 15), though permissive
Annuity
59; In re Trenchard, 1905 (1) Ch 82. An annuity is frequently resorted to as a means of borrowing money, where the borrower has not any available security, the borrower undertaking to pay an annuity during his … purchase or to invest a definite amount in the purchase of an annuity. If there is only a power as distinguished from a trust to purchase an annuity, the annuitant's right to the capital value only arises
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