Payment - Law Dictionary Search Results
trust
beneficiaries charitable remainder annuity trust : a charitable remainder trust in which the named beneficiaries receive a fixed payment of not less than five percent of the fair market value of the original principal over the course
Guarantee
In law and common usage A promise to answer for the payment of some debt or the performance of some duty in case of the failure of another person who
Mortgage
A conveyance of property upon condition as security for the payment of a debt or the preformance of a duty and to become void upon payment or performance according
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overdue
Due and more than due delayed beyond the proper time of arrival payment return etc as an overdue vessel an overdue note a book overdue at the library an overdue payment
mortgage
title to property that is given to secure an obligation (as a debt) and that is defeated upon payment or performance according to stipulated terms [shows that a deed was intended only as a "W. M. McGovern,
apportion
divide (an amount due in tax or other liability) among the parties responsible for respective shares of the payment compare contribution b : to assign (a portion of the consideration agreed to in a contract) as payment
Allocable surplus
a banking company which has not made the arrangements prescribed under the Income-tax Act for the declaration and payment within India of the dividends payable out of its profits in accordance with the provisions of s. 194
loan acceleration
in a loan document is a statement in a mortgage that gives the lender the right to demand payment of the entire outstanding balance if a monthly payment is missed. Source: U.S. Department of Housing and Urban
debt-to-income ratio
ratio a comparison or ratio of gross income to housing and non-housing expenses; With the FHA, the-monthly mortgage payment should be no more than 29% of monthly gross income (before taxes) and the mortgage payment combined with
discharge
b : something that discharges or releases ;esp : a certification of or a document proving release or payment 2 : the state of being discharged or released [a party seeking a total ] 3 : release
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