Partial Payment - Law Dictionary Search Results
partial payment
Matched in: Term partial payment
prepayment penalty mortgage (ppm)
prepayment penalty mortgage (ppm) a type of mortgage that requires the borrower to pay a penalty for prepayment, partial payment of principal or for repaying the entire loan within a certain time period. A partial payment is generally … for prepayment, partial payment of principal or for repaying the entire loan within a certain time period. A partial payment is generally defined as an amount exceeding 20% of the original principal balance. Source: U.S. Department of Housing
apportion
to assign (a portion of the consideration agreed to in a contract) as payment for the other party's partial performance c : to distribute (corporate dividends) based on some proportion d : to assign (legislative representatives and
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Earnest
payment or taken act that serve as a pledge or a sign of good faith esp. as the partial purchase price of property, Black's Law Dictionary, 7th Edn., p. 525.
composition
composition : an agreement between an insolvent debtor and several creditors whereby partial payment of the debts discharges in full the original obligations compare accord, compromise
deposit
see also security deposit NOTE: A deposit may be applied to a purchase price or may be considered partial payment. 3 in the civil law of Louisiana a : the gratuitous transfer of possession of movable property to
temporary total disability (ttd)
the employee is able to resume working. In some states, if the employee must return to work at partial hours or at a wage loss while his disability resolves he may be entitled to payment of TPD
partial claim
Matched in: Term partial claim
Dependant and dependent
an illegitimate child and parent or grandparent respectively. (2) A person shall not be deemed to be a partial dependant of another person unless he was dependent partially on contributions from that other person for the provision … been arrived at or made, the legal personal representative of the dependant shall have no right to the payment of compensation.' If several members of a family who contribute to the maintenance of the household are killed,
benefit
value of particular property and is not shared by the community at large NOTE: In proceedings for a partial taking for the purpose of a public improvement, the condemning authority may use a special benefit to the … by statute. 3 a : financial help in time of disability, sickness, old age, or unemployment b : payment or service provided for under an annuity, pension plan, or insurance policy see also death benefit c :
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