Mortgage - Law Dictionary Search Results
Tacking
Tacking. Before 1926 the law was that, 'if a third mortgagee buys in the first mortgage, though it be pendente lite, pending a bill brought by the second mortgagee
bond
lien on property and is often designed to take care of a particular financial need see also collateralized mortgage obligation accrual bond : a bond that is usually the last tranche of a collateralized mortgage obligation and
Consolidation of mortgages
Consolidation of mortgages. When different pro-perties are mortgaged by the same mortgage or to the same mortgagee for different debts, it
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Marshalling
W. & T.L.C., p. 36; 2 ibid., p. 109 et seq. The doctrine of marshalling in relation to mortgages results in the general rule that where an owner of several properties has mortgaged them to the same
Mortgagee
Mortgagee, a 'mortgagee' for the purpose of redemption would include all persons who derive title from him and it
Pawn or Pledge
bailment of goods by a debtor to his creditor, to be kept till the debt is discharged. A mortgage of goods is in the Common Law distinguishable from a mere pledge or pawn. By a mortgage the
Salary or wages
the vendor the reconveyance, then the transaction is an outsale with the condition of repurchase, and not a mortgage by conditional sale, K. Kalu Reddy v. Bhubani Swayi, (1971) 1 CWR 689. Means a sale of goods
Transfer
of such immovable pro-perty, DLF Universal Ltd. v. Appropriate Authority, (2000) 5 SCC 552. Transfer, includes sale, purchase, mortgage, pledge, gift, loan or any other form of transfer of right, title, possession or lien. [Prevention of Money-Launder-ing
REMIC
REMIC [real estate mortgage investment conduit] : an entity (as a corporation, partnership, or trust) that functions as a vehicle for investment
Receiver
court to collect rents, etc., pending a suit. Receivers are appointed in actions for administration; in actions by mortgages or against trustees or executors; in actions between partners for winding up the partnership business, and in a
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