Debt Security - Law Dictionary Search Results
sale
purchase the item and takes a security interest in the item with the buyer receiving title when the debt has been fully paid off compare absolute sale in this entry execution sale : a sale carried out
Funds, public
Funds, public, the name given to the public funded debt due by Government. The practice of borrow-ing money to defray a part of the war expenditure began, with … the reign of William III. In the infancy of the practice it was customary to borrow upon the security of some tax, or portion of a tax, set apart as a fund for discharging the principal and
debt
Matched in: Term debt
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callable debt
Matched in: Term callable debt
financing statement
financing statement : a statement that contains information about a security interest in collateral used to secure a debt and that is filed to provide notice to other creditors of the security interest see also perfect Uniform
unsecured
to payment, performance, or satisfaction by a security interest or by property given or pledged as security [ debt] [an claim] b : characterized by a lack of security or of a security interest [ status]
Hypothecation
Sand. Just; Sith's dict. of Antiq., tit. 'Pignus'], the act of pledging a thing as security for a debt or demand without parting with the possession. There are few cases, if any, in our law where an
Mortgage by deposit of title deeds
executed and registered in respect of the same property. The three requisites for such a mortgage are (i) debt, (ii) deposit of title deeds; and (iii) an intention that the deeds shall be security for the debt,
Pledge
a surety, bail, or hostage. See PAWN; PIGNUS. Means the transfer of movable property as a security for debt or obligation. The pledgee has the right to sell the goods for the realisation of his debt. But
Justifying security
Matched in: Term Justifying security
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