Debt Security - Law Dictionary Search Results
Mortgage
sum of money, with interest thereon, at a certain time. This conditional assurance is resorted to when a debt has been incurred, or a loan of money or credit effected, in order to secure either the repayment … interest and expenses, at any period within twelve (formerly twenty) years after the last recognition of the mortgage security by the mortgagee; and this because equity deems the non-compliance with the proviso for redemption a penalty, against
Pawn
Pawn, is a security, whereby contract, a deposit of goods is made as security for a debt. The right to property vests in the pledge only so far as is necessary to secure the debt.
Property
other business or commercial right of similar nature. [The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, s. 2(t)] Means any property of assets or every description, whether corporeal or incorporeal, movable … of Bihar v. Kameshwar Singh, AIR 1952 SC 252. Comprises every form of tangible property, even intangible, including debts and chooses in action such as unpaid accumulation of wages, pension, cash grants, and constitutionally protected privy purse,
Keep your definitions linked to case research
lien
Latin ligamen, from ligare to bind] : a charge or encumbrance upon property for the satisfaction of a debt or other duty that is created by agreement of the parties or esp. by operation of law ;specif … duty that is created by agreement of the parties or esp. by operation of law ;specif : a security interest created esp. by a mortgage assessment lien : a lien that is on property benefiting from an
Financial asset
(iii) a mortgage, charge, hypothecation or pledge of movable property; or (iv) any right or interest in the security, whether full or part underlying such debt or receivables; or (v) any beneficial interest in property, whether movable … Financial asset, means debt or receivables and includes-- (i) a claim to any debt or receivables or part thereof, whether secured or
interest
between, among + esse to be] 1 : a right, title, claim, or share in property Article Nine security interest : security interest in this entry beneficial interest : the right to the use and benefit of … title 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
bond
default b : one who acts as a surety 2 : an interest-bearing document giving evidence of a debt issued by a government body or corporation that is sometimes secured by a lien on property and is … 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
pledge
pledge 1 : a delivery of esp. personal property as security for a debt or other obligation ;broadly : the perfection of a security interest in collateral through possession of the collateral
Extinguishment
effected. (4) Extinguishment of Manorial incidents: and enfranchisement of customary suits and services. See COPYHOLD. (5) Extinguishment of debt. A creditor, by accepting a higher security than he had before, extinguishes the first debt. And when judgment
Guarantee
of a specified amount. [Constitution of India, Art. 366(13)] Guarantee, is in collateral engagement to answer for the debt, default, or miscarriage of another person, a promise to another as debtor to secure the payment of a … The assurance that a contract or legal act will be duly carried out; Something given or existing as security, such as to fulfill a further engagement or a condition subsequent, Black's Law Dictionary, 7th Edn., p. 711.
- ‹ Prev
- 1
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- Next ›
- Last »
Try the research workspace - 7 days free