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Amortisation

gradually extinguishing a debt, such as a mortgage, usually by contributing payment of principal each time a periodic interest payment is due, Black Law Dictionary, 7th Edn., p. 83

debt service

debt service : the amount of interest and principal payments due annually on long-term debt

discount

debt account usually made for prompt payment or for payment in cash b : a reduction made for interest in advancing money upon or purchasing a note not yet due c : a reduction in the price

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entitlement

by law or contract (as an insurance policy) NOTE: Some courts have held that entitlements are a property interest and therefore subject to procedural due process under the Fifth and Fourteenth Amendments to the U.S. Constitution when

fixed charge

fixed charge : a regularly recurring expense (as rent, taxes, or interest) that must be met when due

sub-prime loan

with less stringent lending and underwriting terms and conditions. Due to the higher risk, sub-prime loans charge higher interest rates and fees. Source: U.S. Department of Housing and Urban Development

Ancient demesne

action, touching their tenements, except in the lord's Court. in ancient demesne there are no subdivided and conflicting interests in the soil. The timber and minerals belong to the tenant, and the rents, fines and services due

Common Counts

work done, for money lent, for money paid, for money received to the use of the plaintiff, for interest or for money due on an account stated, were so called.-Superseded by the Judicature Acts. See STATE-MENT OF

Debts Recovery Tribunal

Due to Banks and Financial Institutions Act, 1993. [Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002), s. 2 (1) (i)]

Portion

provision for hotchpot and maintenance of infants and advancement of capital before the period of vesting or distribution. Interest is payable on portions from the time they become due. All causes and matters connected with the raising

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