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Deposit

Deposit, money paid to a person as an earnest or security for the performance of some contract, especially a contract for the sale of real estate. Also a naked … Deposit, money paid to a person as an earnest or security for the performance of some contract, especially a contract for the sale of real estate. Also a naked

Tail

Law of Property Act, 1925, had not been passed [s. 130 (4) (ibid.)] The limitation of an estate so that it can be inherited only by the fee owner's issue or class of issue, Black's Law dictionary … keep down the interest, yet, having only a particular interest, he is not bound to pay off any charge or incumbrance affecting the estate; if, however, he do so, the presumption is that the meant to exonerate

Unclaimed property

on the Crown at Common Law. Unclaimed property may be dealt with under the heads of (1) Government Stock, (2) Chancery Funds, (3) Stock in Public Companies, (4) Bankers' Balances, (5) Deposits with Bankers for Safe Custody,

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Settled land

may also convey the legal estate simply as owner in fee or of the term subject to the charge. [(English) L.P. Amend. Act, 1926] By s. 23, where there is no tenant for life or person having … Settled land. For the purposes of the (English) Settled Land Acts, 1882-1890, 'settled land' meant land, and any estate

Savour

Savour, to partake of the nature of; to bear affinity to. Money in any way connected with land, e.g.,

Distress

a party grieved, as a pledge for the redressing an injury, the performance of a duty, or the satisfaction of a demand. This remedy may be resorted to by a landlord for recovery of rent in arrear, … county Court judge, and empowers the Lord Chancellor to make rules from time to time for regulating the security to be required from bailiffs, and the fees, charges, and expenses of distress, and also for carrying into

Winding-up

joint-stock companies. The property of a company is collected and distributed firstly in discharge of its liabilities, and secondly, among its members according to their respective rights with a view to its dissolution. If the assets are … payments and (if the company is registered in England) postpones the claims of debenture holders under any floating charge created by the company, but only so far as the assets are insufficient to meet the claims of

Contract note

Contract note, a short statement of the effect of a contract. The expression is defined ins. 77(3) of the Finance (1909-10) Act, … vendor or purchaser, as the case may be, of the sale or purchase of any stock or marketable security, but does not include a note sent by a broker or agent to his principal where the principal

Summons

Summons [fr. the writ called summoneas--Pegge's Anecd. Of the Eng. Lang., 2nd Edn. 173], a call of authority, admonition … of detail in the procedure of a suit; as, for directions; to modify pleadings when inconvenient, to require security for costs, to change the venue, etc. There is an appeal from the decision of a master to

Financial asset

means debt or receivables and includes-- (i) a claim to any debt or receivables or part thereof, whether secured or unsecured; or (ii) any debt or receivables secured by, mortgage of, or charge on, immovable property; or … (iii) a mortgage, charge, hypothecation or pledge of movable property; or (iv) any right or interest in the security, whether full or part underlying such debt or receivables; or (v) any beneficial interest in property, whether movable

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