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Attornment

notice of the grants must be given to the tenants, before which they are not prejudiced by the payment of any rent to the grantor, or breach of the condition for non-payment, and by the same section

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

Allowance

locare, Lat.; allocare, allogare, It.; alogar, Prov.; louer, allouer, Fr., to place or assign], a deduction, an average payment, a portion. Also in selling goods, or in paying duties upon them, certain deductions are made from their

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Acquisition

The Land Acquisition Act makes complete provision for acquiring title over the land, taking possession thereof and for payment of compensation to the landowner, R.L. Jain v. D.D.A., (2004) 4 SCC 79 (89): AIR 2004 SC 1904.

Salami/Agricultural income

Salami/Agricultural income, 'salami' is a compulsory payment by the tenant to the landlord at the inception of the tenancy. It is really a payment by

Appropriation of payments

Appropriation of payments, the application to one of several debts of a sum of money paid by a debtor on a

Noting

note on a bill of exchange by a notary which states that he has presented the bill for payment or acceptance, and that it has been dishonoured. It is usual, in cases of non-payment of bills of

sale

sale : a sale that takes place without conditions and with title simply passing to the buyer upon payment of the price compare conditional sale in this entry bulk sale : a sale not in the ordinary

Alteration

such holder may avail himself of the bill as if it had not been altered, and may enforce payment of it according to its original tenor. In particular the following alterations are material, namely, any alteration of

ABC transaction

sale of a working interest from an owner (A) to an operator, (B) in return for a cash payment and the right to another payment when he well produces, followed by A's sale of right to the

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