Interest Due - Law Dictionary Search Results
Equity of redemption
default to recover property before a foreclosure sale by paying the principal interest and other costs that are due, Black's Law Dictionary, 7th Edn., p. 561. … Equity of redemption. Before 1926 the equitable estate or interest left in a person after he had mortgaged his property. Now the right to call for a reconveyance
Mesne profit
in wrongful possession of such property actually received or might with ordinary diligence have received therefrom, together with interest on such profits, but shall not include profits due to improvements made by the person in wrongful possession.
Apportionment
in respect of Time.--At Common Law there is no apportionment in respect of time. when a successor in interest succeeds just before a rent or other periodical payment falls due, he takes, at Common Law, the whole,
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negative amortization
when an ARM has a payment cap that results in monthly payments not high enough to cover the interest due. Source: U.S. Department of Housing and Urban Development
Bond
on the amount secured is collected by means of coupons attached to the bond, which are cashed at due date as warrants for the interest specified on each. Other bonds are registered, and interest is paid by … penalty, which is generally double the amount of the principal sum secured, only the sum actually owing, with interest, can be recovered, and in no case can this exceed the amount appearing on the face of the
Damdupat
so that there be not such accumulation of interest as would be in excess of the principal amount due, as in that case he would have to forego the excess amount. There may be justification for the … principle of Damdupat was evolved both as an inducement to the debtor to pay the entire principal and interest thereon at one and the same time in order to save interest in excess of the principal and
Arrears of interest
Matched in: Term Arrears of interest
Banking policy
any policy means any policy which is specified from time to time by the Reserve Bank in the interest of the banking system or in the interest of monetary stability or sound economic growth, having due regard
principal
from one (as an endorser, surety, or guarantor) who is secondarily liable 2 : a capital sum earning interest, due as a debt, or used as a fund [shall receive the income from the trust until age 18,
Current account transaction
business, services, and short-term banking and credit facilities in the ordinary course of business, (ii) payments due as interest on loans and as net income from investments, (iii) remittances for living expenses of parents, spouse and children
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