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Bank-notes, or Bank-bills

as money in the ordinary course and transactions of business by the general consent of mankind, and, on payment of them, whenever a receipt is required, it is always given as for money, not as for securities

Bill of exchange payable on demand

Bill of exchange payable on demand, includes-- (a) an order for the payment of any sum of money by a bill of exchange or promissory note, or for the delivery of

Debt

them. An action of debt as a technical term is now obsolete. See PLEADINGS. The order of the payment of debts and expenses out of legal assets in an ordinary administration action in the Chancery Division of

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Bill of sale

be deemed separately assigned when the land passes by the same instrument. Bills of sale for securing the payment of money are further affected by the (English) Bills of Sale Act, 1882 (45 & 46 Vict. c.

Cheque

course of a clearing cycle, either by the clearing house or by the bank whether paying or receiving payment, immediately on generation of an electronic image for transmission, substituting the further physical movement of the cheque in

Contractual lien

Contractual lien, this is a contractual right to retain possession pending payment of sums due to the possessor. The contractual lien, which is often equated with a pledge, is to

Commutation

less; or giving one thing in satisfaction of another-as commuting tithes into a rent-charge, copyhold services into money payments, etc., annual payments into one lump payment, as under the (English) Pensions Commutation Act, 1871 (34 & 35

Guarantee

Company limited by. See COMPANIES. Guarantee includes any obligation undertaken before the commencement of this Constitution to make payments in the event of the profits of an undertaking falling short of a specified amount. [Constitution of India,

c loan or c paper

c paper FICO scores typically from 580 to 619. Factors include three to four 30 day late mortgage payments and four to six 30 day late installment loan payments or two to four 60 day late payments.

mortgage life and disability insurance

life insurance bought by borrowers to pay off a mortgage in the event of death or make monthly payments in the case of disability. The amount of coverage decreases as the principal balance declines. There are many

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