Interest Only Option - Law Dictionary Search Results
interest-only option
Matched in: Term interest-only option
Perpetuity
the works of Lewis (1849); Marsden (1883); and Prof. Gray (Boston, U.S.A., 2nd Edn. 1906); and as to option of purchase in a lease, and the present restrictions on the creation of a lease in futuro, see … not necessarily vest within the period fixed and prescribed by law for the creation of future estates and interests, Walsh v. Secretary of State for India, (1863) 10 HLC 367. Perpetuity, unlimited duration; exemption from intermission or
Usury
the party who borrowed, this is not vicious.) The term is usually applied to the taking of exorbitant interest, or of interest of a greater amount than is allowed by law. Eleven statutes, from 37 Hen. 8, … use of a thing (or of money) lent; but, secondly, to hope for a certain return at the option of the party who borrowed, this is not vicious.) The term is usually applied to the taking of
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Fixtures
the separation occasion but little or no damage. The fixtures must be moved before the tenant's term or interest expires, unless in the case of a strict tenancy at will, when the tenant may be allowed a … due, etc., avoiding or making good damage, giving the landlord notice before removal, and allowing the landlord an option of purchase. The Agricultural Holdings Act, 1875, s. 53, and the Landlord and Tenant Act, 1851 (14 &
sale
sale in which the seller extends credit to the buyer to 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 … on acceptance of the goods by a buyer (as a consumer) receiving them primarily for use with the option to return them if they do not meet his or her approval even though they conform to contract
Settled land
For the purposes of the (English) Settled Land Acts, 1882-1890, 'settled land' meant land, and any estate and interest therein, which was the subject of a settlement; and 'settlement' meant any instrument, or any number of instruments, … exception--he could not sell the estate and himself receive the purchase money; that must be paid at his option either into Court or to the trustees of the settlement, as defined by s. 2 (8) of the
contract
a pension fund) with an insurance company that guarantees the return of principal and a specific amount of interest at the end of the contract term ;also : such a contract considered as an investment [purchased a … obligates himself or herself in exchange for the promise of the other compare gratuitous contract in this entry option contract : a contract in which a time period is specified within which an offer must be accepted
Notice to quit
to year, so long as both parties please, if the tenant dies his personal representatives have the same interest in the land which their testator or intestate had, and are, therefore, entitled to the same notice to … this notice. Dated this day of 19, A.B. The notice should be clear and certain, neither ambiguous nor optional, Phipps v. Rogers, (1924) 40 TLR 845. Leaving a notice to quit at the tenant's house with a
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