Money Lender - Law Dictionary Search Results
Home Dictionary Name: money lender Page: 2Sourcar
Sourcar, a merchant or banker; a money-lender, Indian....
Where there has been a review
Where there has been a review, the words 'where there has been a review' in clause 2 of Article 182 must be read with the words 'for the execution of a decree or order' in the 1st column of Article and the fact that there was an appeal from the order dismissing the application under Order IX, rule 9 made in connection with the proceedings under s. 36 of the Money Lenders Act could not give a fresh starting point for limitation under Article 182, clause 2, Bhawanipore Banking Corporation Ltd. v. Gouri Shankar Sharma, AIR 1950 SC 6: (1950) SCR 25. (Limitation Act, 1908, Art. 182)...
Interest
Interest, an interest for the purposes of the regula-tion was not limited to a direct financial interest and included membership of a panel such as the panel of which the claimant's solicitors were members that, therefore, the Claimant's Solicitors had had an interest in recommending the insurance which they recommend to her; that, in the circumstances, there had not been sufficient disclosure of that interest; and that, accordingly, there had been a material breach of regulation 4(2)(e)(ii) and the conditional fee agreement was unenforceable [See (English) Conditional Fee Agreements Regulation, 2000 (SI 2000/692), reg. 4(2)(c)(e)(ii)], Garrett v. Halton BC, (2007) 1 WLR 554 CA Cir.Interest, inter alia as the compensation fixed by agreement or allowed by law for the use or detention of money, or for the loss of money by one who is entitled to its use; especially, the amount owed to a lender in return for the use of the borrowed money [Black's Law Dictionary (7th Edn.) pp. 393-94 para 3...
money
money pl: moneys or: mon·ies [mə-nēz] 1 : an accepted or authorized medium of exchange ;esp : coinage or negotiable paper issued as legal tender by a government 2 a : assets or compensation in the form of or readily convertible into cash b : capital dealt in as a commodity to be lent, traded, or invested [mortgage available from a lender] [the supply] c pl : sums of money [collect tax moneys] ...
Bottomry
A contract in the nature of a mortgage by which the owner of a ship or the master as his agent hypothecates and binds the ship and sometimes the accruing freight as security for the repayment of money advanced or lent for the use of the ship if she terminates her voyage successfully If the ship is lost by perils of the sea the lender loses the money but if the ship arrives safe he is to receive the money lent with the interest or premium stipulated although it may and usually does exceed the legal rate of interest See Hypothecation...
mortgage
mortgage [Anglo-French, from Old French, from mort dead (from Latin mortuus) + gage security] 1 a : a conveyance of title to property that is given to secure an obligation (as a debt) and that is defeated upon payment or performance according to stipulated terms [shows that a deed was intended only as a "W. M. McGovern, Jr. et al."] b : a lien against property that is granted to secure an obligation (as a debt) and that is extinguished upon payment or performance according to stipulated terms [creditors with valid s against the debtor's property "J. H. Williamson"] c : a loan secured by a mortgage [applied for a ] adjustable rate mortgage : a mortgage having an interest rate which is usually initially lower than that of a mortgage with a fixed rate but which is adjusted periodically according to an index (as the cost of funds to the lender) balloon mortgage : a mortgage having the interest paid periodically and the principal paid in one lump sum at the end of the term of the lo...
Bottomry Bond, or Contract, also Bottomree, or Bummaree
Bottomry Bond, or Contract, also Bottomree, or Bummaree, a species of mortgage or hypothecation of a ship, by which her keel or bottom is pledged (partum pro toto) as a security for the repayment of a sum of money. If the ship be totally lost, the lender loses his money; but if she returns safely, he recovers his principal, together with the interest agreed upon. Such bonds are allowed as valid in all trading nations, for the benefit of commerce, and as a pretium periculi for the extraordinary hazard run. See Abbott on Shipping, and RESPONDENTIA....
additional principal payment
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 Urban Development ...
qualifying ratios
qualifying ratios guidelines utilized by lenders to determine how much money a homebuyer is qualified to borrow. Lending guidelines typically include a maximum housing expense to income ratio and a maximum monthly expense to income ratio. Source: U.S. Department of Housing and Urban Development ...
reinstatement period
reinstatement period a phase of the foreclosure process where the homeowner has an opportunity to stop the foreclosure by paying money that is owed to the lender. Source: U.S. Department of Housing and Urban Development ...
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