Payment - Law Dictionary Search Results
Legacy
his executor or administrator, it being debitum in pr'senti, though solvendum infuturo, the time being annexed to the payment and not to the gift itself; but if a legacy be bequeathed to a person at twenty-one, or
Annual bonus
Annual bonus, it is not when a payment is made at the end of the year, it can be considered to be an annual bonus. The
beneficiary
for income to be paid to someone (as a spouse) for his or her lifetime and then for payment of the principal to another person. A trustee is sometimes allowed to distribute some of the principal of
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Landlord and tenant
possession and use of the land for a period less than the landlord's estate in it, generally upon payment of rent. The landlord's estate is called the reversion, and at common law, a power of distress for
demand
demand 1 : a formal request or call for something (as payment for a debt) esp. based on a right or made with force [a shareholder must first make a
discount
from a regular or list price or a proportionate deduction from a debt account usually made for prompt payment or for payment in cash b : a reduction made for interest in advancing money upon or purchasing
interest
not. purchase money security interest 1 : the security interest held by the seller of collateral to secure payment of all or part of the price 2 : the security interest of a person that gives value
mortgage insurance
when a borrower defaults on a mortgage loan; mortgage insurance is required primarily for borrowers with a down payment of less than 20% of the home's purchase price. Insurance purchased by the buyer to protect the lender
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 not unconstitutionally
presentment
offering at the proper place and time a document (as a negotiable instrument) that calls for acceptance and payment by another : a demand for payment of an instrument upon a party liable for payment on behalf
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