Partial Payment - Law Dictionary Search Results
partial payment
partial payment a payment that is less than the total amount owed … Contact your lender prior to the due date if a partial payment is needed. Source: U.S. Department of Housing and Urban Development
prepayment penalty mortgage (ppm)
that requires the borrower to pay a penalty for prepayment, partial payment of principal or for repaying the entire loan within a … repaying the entire loan within a certain time period. A partial payment is generally defined as an amount exceeding 20% of the
composition
an agreement between an insolvent debtor and several creditors whereby partial payment of the debts discharges in full the original obligations compare
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deposit
be applied to a purchase price or may be considered partial payment. 3 in the civil law of Louisiana a : the
apportion
to in a contract) as payment for the other party's partial performance c : to distribute (corporate dividends) based on some
Earnest
pledge or a sign of good faith esp. as the partial purchase price of property, Black's Law Dictionary, 7th Edn., p. … something in earnest to bind the contract, or in part payment,' or some note in writing of the bargain be made
temporary total disability (ttd)
some states, if the employee must return to work at partial hours or at a wage loss while his disability resolves … loss while his disability resolves he may be entitled to payment of TPD benefits after receiving TTD benefits.
partial claim
partial claim a loss mitigation option offered by the FHA that … get an interest-free loan from HUD to bring their mortgage payments up to date. Source: U.S. Department of Housing and Urban
Dependant and dependent
(2) A person shall not be deemed to be a partial dependant of another person unless he was dependent partially on … representative of the dependant shall have no right to the payment of compensation.' If several members of a family who contribute
Insurance
received by him in a gross sum or by annual payments, undertakes to indemnify the assured against all loss or damage
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