Default - Law Dictionary Search Results
Escheat
only, escheat operates on the inheritance. Escheat arose then, from default of heirs, when the tenant died without any lawful and
Equity of redemption
This equitable right of redemption after the mortgagor has made default in payment must not be confounded with a subsidiary or
Earnest money
forfeited when the transaction falls through by reason of the default or failure on the part of the vendee, H.U.D.A. v.
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Gavelkind
equally, being an exception to the law of primogeniture. In default of sons, it descended to the daughters in the ordinary
Distringas
still continued obstinate, then (if the judgment had been by default or on demurrer) the sheriff summoned an inquest to ascertain
note
collateral note non-recourse note : a note whose satisfaction upon default may be obtained only out of the collateral securing it
Costs
the High Court or a judge thereof, obtains judgment in default of appearance or of defence for a sum of twenty
decree
a decree entered by a court based on a defendant's default and the presumption that the allegations are confessed compare default
letter of credit
credit which is used to secure payment in case of default by the issuer's customer and which requires the beneficiary to
liability
depending on the outcome of a contingency (as a cosigner's default on a loan) fixed liability : a liability (as a
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