Owing - Law Dictionary Search Results
Attendant
Attendant, one who owes a duty or service to another, or depends upon another, Termes de la Ley.
debtor
debtor : a person who owes a debt see also bankrupt compare creditor, obligee, obligor NOTE: The Bankruptcy Act of 1978 calls the person concerned in a bankruptcy case the “debtor” as opposed to the “bankrupt.”
original principal balance
original principal balance the total principal owed on a mortgage prior to any payments being made. Source: U.S. Department of Housing and Urban Development
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obligation
obligation 1 : a promise, acknowledgment, or agreement (as a contract) that binds one to a specific performance (as payment) ;also : the binding power of such an agreement or indication [held that the amendment did...
negative amortization
negative amortization amortization means that monthly payments are large enough to pay the interest and reduce the principal on your mortgage. Negative amortization occurs when the monthly payments do not cover all of the interest cost....
mutuality
mutuality : the quality or state of being mutual: as a : the quality of a contract under which both parties are bound by obligations b : the state of debts for purposes of set-off under...
lien
lien [Anglo-French, bond, obligation, literally, tie, band, from Old French, from Latin ligamen, from ligare to bind] : a charge or encumbrance upon property for the satisfaction of a debt or other duty that is created...
interplead
interplead [Anglo-French enterpleder, from enter- between, among + pleder to plead, from Old French plaidier] vt : to bring (adverse claimants) into court by interpleader [the defendants can injured stock purchasers if they fear the latter...
garnishment
garnishment : a remedial device used by a creditor to have property of the debtor or money owed to the debtor that is in the possession of a third party attached to pay the debt to...
director
director 1 : the head of an organized group or administrative unit or agency 2 : any of a group of persons usually elected by shareholders and entrusted with the overall control of a corporation NOTE:...
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