Payment - Law Dictionary Search Results
redeem
the open market [ preferred shares] 2 a : to free from a lien or pledge usually by payment of the amount secured thereby [ collateral] b : to exercise an equity of redemption in (real property)
tender
tender 1 a : an act or instance of tendering b : an unconditional offer of payment or performance (as in discharge of an obligation) that is coupled with a manifestation of willingness and ability
Actio conducti
accordingly the object of the actio conducti varies: (1) locatio conductio rei) locator agrees, in consideration of money payment, to let conductor have the use, or the use and fruits, of a thing); (2) locatio conductio operarum
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lease purchase (lease option)
in purchasing a home by allowing them to lease a home with an option to buy; the rent payment is made up of the monthly rental payment plus an additional amount that is credited to an account
Hire-purchase price
sum so payable by the hirer under the hire-purchase agreement by way of a deposit or other initial payment, or credited or to be credited to him under such agreement on account of any such deposit or
Days of grace
Days of grace. Time of indulgence granted to an acceptor for the payment of his bill of exchange. It was originally a gratuitous favour (hence the name), but custom has rendered
House of Commons
300l. a year for a borough member, was abolished in 1858 by 21 & 22 Vict. c. 26. Payment of Members.--Members were from very early times entitled to payment at the rate of 4s. a day for
Equity of redemption
for a reconveyance of a legal estate or of an equitable interest in property from the mortgagee on payment of principal, interest and costs. A mort-gagee, although he has become absolute owner of a legal estate in
Employee
Government or a State Government and is governed by any other Act or by any rules providing for payment of gratuity. [Payment of Gratuity Act, 1972 (39 of 1972), s. 2 (e)] 'Employee' includes an apprentice, but
Emphyteusis
right of enjoying all the fruits, and disposing at pleasure of the property of another, subject to the payment of a yearly rent (pensio or canon) to the owner. Formerly the lands of the Roman municipalities, or
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