Equity - Page 3 - Law Dictionary

Bill in Chancery, or Bill in Equity

Bill in Chancery, or Bill in Equity, a printed or written statement of a plaintiff's case, in the nature of a petition to the Court, praying for some redress.For the descriptions of the several bills, see their distinctive names, as PEACE, BILL OF.Bills are now abolished, and all actions in the High Court are now commenced by writ of summons, followed in certain cases by a statement of claim (R.S.C. 1883). See STATEMENT OF CLAIM; WRIT OF SUMMONS; and PLEADING....

sweat equity

sweat equity using labor to build or improve a property as part of the down payment Source: U.S. Department of Housing and Urban Development ...

equity security

equity security see security ...

home equity loan

home equity loan see loan ...

home equity conversion mortgage

home equity conversion mortgage see mortgage ...

bill in equity

bill in equity :bill ...

equity of redemption

equity of redemption 1 : the right of a defaulting mortgagor to redeem the mortgaged property before an absolute foreclosure 2 : the interest or estate remaining to a mortgagor in mortgaged property ;also : the value of such interest ...

equity financing

equity financing The securing of a monetary investment from an investor in which the investor becomes a part owner of the business ...

equity capital

equity capital see capital ...

Joint-tenancy

Joint-tenancy. This tenancy is created where the same interest in real or personal property is, by the act of the party, passed by the same matter of conveyance or claim in solido, and not as merchan-dise, or for purposes of speculation, to two or more persons in the same right, either simply, or by construction or operation of law jointly, with a jus accrescendi, that is, a gradual concentration of property from more to fewer, by the accession of the part of him or them that die to the survivors or survivor, till it passes to a single hand, and the joint-tenancy ceases.Anciently, joint-tenancy was favoured because it did not induce fractions of estates, and returning to early principles the (English) Land Legislation of 1925 has employed the tenure generally as the machinery by which legal estate may in such cases always be in some person, called the estate owner, who is competent to give a title to the whole estate without the concurrence of other parties. that legal estate has been ...

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