Outstanding - Law Dictionary Search Results
Home Dictionary Name: outstandingOutstanding term
Outstanding term, a term in gross at law, which, in equity, may be made attendant upon the inheritance, either by express declaration or by implication. See the (English) Satisfied Terms Act, 1845, extended by the (English) Law of Property Act, 1925, s. 5, and 1st Sched., Part II., par. (1), to outstanding terms out of leaseholds and vesting the outstanding terms in the immediate reversion; for the law before 1926, see Re Moore and Helm, (1912) 2 Ch 105, and for conditions of sale. [see Law of Property Act, 1925, s. 42 (3)]...
Outstanding amount
Outstanding amount, the expression 'outstanding' in s. 2(m)(iii)(a) and (b) will have to be construed in the background of the phrase 'amount of tax..........payable in consequence of an order' and in that context it must mean remaining unpaid after the obligation to pay is incurred, CWT v. J. K. Cotton Manufacturing Ltd., AIR 1984 SC 946 (952): (1984) 3 SCC 393. [Wealth Tax Act, 1957 s. 2(m)(iii)(a) & (b)]...
outstanding
outstanding 1 : not paid [had several debts] 2 : publicly issued and sold [a million shares ] ...
Outstanding
That stands out undischarged uncollected not paid as outstanding obligations...
Term in gross
Term in gross. A term which would have been attendant on the inheritance if it had been assigned by a purchaser of settled land to a trustee for himself, and while outstanding and not merged it was kept in existence upon an implied trust for the parties entitled according to their estates and interests, Halsb. L.E., title 'Real Property,' etc. See ATTENDANT TERM; OUTSTANDING TERM....
acceleration
acceleration the right of the lender to demand payment on the outstanding balance of a loan. Source: U.S. Department of Housing and Urban Development ...
cash surrender value
cash surrender value : the amount of money an insurer will pay the insured upon surrender of a life insurance policy usually calculated as the reserve held by the insurer against the policy less a charge for surrender and any outstanding indebtedness ...
cash-out refinance
cash-out refinance when a borrower refinances a mortgage at a higher principal amount to get additional money. Usually this occurs when the property has appreciated in value. For example, if a home has a current value of $100,000 and an outstanding mortgage of $60,000, the owner could refinance $80,000 and have additional $20,000 in cash. Source: U.S. Department of Housing and Urban Development ...
clear
clear 1 : unencumbered by outstanding claims or interests [a search showed the title was ] 2 : free from doubt or ambiguity ...
credit insurance
credit insurance : insurance paid for by a debtor to assure payment of any outstanding credit balance in the event of death or disability ...
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