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bailment

is liable to some extent for loss or damage to the property compare deposit loan for consumption and loan for use at loan NOTE: The typical elements of a bailment are delivery of the personal property, acceptance of the

Uses

Uses (History). A use is the intention or purpose, express or implied, upon which property is to be held.

Interest

Balbir Singh, (2004) 5 SCC 65. Interest. 1. Money paid at a fixed rate per cent. for the loan or use of some other sum, called the principal. It is distinguished into simple and compound. (a) Simple

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Unilateral contract

in cases where the civil law attached certain obliga-tions to his acceptance. A loan of money and a loan for use were of this kind, Civ. Law. A promise without consideration is of this nature if by deed it

security

collateral) that is provided to make certain the fulfillment of an obligation [used his property as for a loan] b : surety see also security for costs 2 : evidence of indebtedness, ownership, or the right to

additional principal payment

principal payment money paid to the lender in addition to the established payment amount used directly against the loan principal to shorten the length of the loan. Source: U.S. Department of Housing and Urban Development … additional principal payment money paid to the lender in addition to the established payment amount used directly against the loan principal to shorten the length of the loan. Source: U.S. Department of Housing and

Infant

to use personal chattels which form part of the estate. The 5th s. of the (English) Betting and Loans (Infants) Act, 1892 (55 & 56 Vict. c. 4), follows the Act of 1874 as respects loans, while

Owner

agent of the owner thereof and any person using a boiler which he has hired or obtained on loan from the owner thereof. [Indian Boilers Act, 1923, s. 2 (d)] Includes any person who is receiving or … person for the time being receiving the rack-rent of the premises in connection with which the word is used, whether on his own account or as agent or trustee, or who would so receive the same if

lend

to let out (money) for temporary use on condition of repayment with interest vi : to make a loan lend·able adj lend·er n

Pret a usage

Pret a usage [Fr.], loan for use.

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