Convertible Security - Law Dictionary Search Results
Tail
in existence on the 31st December, 1925; (b) in the construction of equitable interests into which these were converted on the 1st January, 1926, or created after that date. An estate-tail, or more accurately now, an equitable … (5) As 'estate owner,' having an inheritable freehold, he has a right to the title-deeds which equity will secure to him; see also s. 98 (3), S.L. Act, 1925. (6) Although a tenant-in-tail must generally keep down
fund
sum of money or other resources whose principal or interest is set aside for a specific objective cli·ent security fund : a fund established by each state to compensate clients for losses suffered due to their attorneys' … of b : to provide financial resources for 2 : to place in a fund 3 : to convert into a debt that is payable either at a distant date or at no definite date and that
Reserved area and selected area
the Act. The expressions 'reservation' and 'selection' involve the same process and indeed, to some extent, they are convertible, for one can reserve land by selection and another can select land by reservation, S. Gurbax Singh v.
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Rent
become equitable estates [(English) L.P. Act, 1925, s. 1 (8)], but see s. 149, (English) L.P. Act, 1925, converting leases for life or determinable with life into terms of years absolute. S. 122 of the (English) L.P. … 1911, by the (English) L.P. Act, 1925, s. 121, with the additional powers of creating a term to secure payment by mortgage, sale or receipt of income of the land comprised in the term. Quit-rents, chief-rents, rent-charges,
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