Money - Page 3 - Law Dictionary

purchase money

purchase money : the consideration paid or to be paid by the purchaser of property adj : involving or being a debt secured by the property purchased with the money borrowed see also purchase money mortgage at mortgage ...

earnest money (deposit)

earnest money (deposit) money put down by a potential buyer to show that they are serious about purchasing the home; it becomes part of the down payment if the offer is accepted, is returned if the offer is rejected, or is forfeited if the buyer pulls out of the deal. During the contingency period the money may be returned to the buyer if the contingencies are not met to the buyer's satisfaction. Source: U.S. Department of Housing and Urban Development ...

deposit (earnest money)

deposit (earnest money) money put down by a potential buyer to show that they are serious about purchasing the home; it becomes part of the down payment if the offer is accepted, is returned if the offer is rejected, or is forfeited if the buyer pulls out of the deal. During the contingency period the money may be returned to the buyer if the contingencies are not met to the buyer's satisfaction. Source: U.S. Department of Housing and Urban Development ...

Mise-money

Mise-money, money paid by way of contractor composition to purchase any liberty, etc., Blount....

Trust-money

Trust-money, the subject matter of the trust is called 'trust property or' trust money'. [Trust Act, 1882 (2 of 1882), s. 3]...

Trophy money

Trophy money, money formerly collected and raised in London, and the several counties of Eng-land, towards providing harness and maintenance for the militia, etc...

Speed money

Speed money, Speed money is the key to getting lawful things done in good time and 'operation signature', be it on a gate pass or a pro forma, can delay the movement of goods, the economics whereof induces investment in bribery, Som Parkash v. State of Delhi, AIR 1974 SC 989 (993): 1974 SCC (Cri) 215. [Prevention of Corruption Act, 1947, s. 5(1)(a)]...

Ship-money

Ship-money, an imposition formerly levied on port-towns and other places for fitting out ships for the defence of the realm. It had become obsolete, but was revived by Charles I., who attempted to levy it in the county of Bucks. John Hampden, a gentleman of the county, was accordingly assessed at 20s., which he declined to pay, and proceedings were taken against him in the Exchequer. Judgment was given for the Crown, 'which gave such offence to the nation and occasioned great heart-burnings' in Parliament. Resolutions were at once passed condemning the judgment, and it was reversed and the whole abuse abolished by 16 Car. 1, c. 14. See Case of Ship Money, (1737) 3 St. Tr. 825; Broom's Const. Law, p. 306....

Prestation-money

Prestation-money, a sum of money paid by arch-deacons yearly to their bishops; also purveyance....

Pin-money

Pin-money, an annual sum settled on a wife, to defray her personal expenses in dress and pocket-money. See Howard v. Lord Digby, (1834) 2 Cl&Fin 634; Sugd. Law of Property, pp. 162 et seq.There was a very ancient tax in France for providing the queen with pins....

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