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Rent

includes a rent service or a rent-charge or other rent, toll or duty, royalty or annual or periodical payment in money or money's worth, reserved or issuing out of or charged upon land, but does not include

Mortgage

has been sold under powers to satisfy the debt, it is redeemable in a Court of Equity upon payment of the debt or loan, with interest and expenses, at any period within twelve (formerly twenty) years after

Tax

tax which each individual is bound to pay ought to be certain and not arbitrary. The time of payment, the manner of payment, the quality to be paid, ought all to be clear and plain to the

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Gratuity

a kind of retirement benefit like the provident fund or pension. At one time it was treated as payment gratuitously made by the employer to his employee at his pleasure but as a result of a long

letter of credit

request of the issuer's customer in which the issuer (as a bank) promises to honor a demand for payment by the beneficiary in order to satisfy or secure the customer's debt compare guaranty NOTE: A letter of

annuity

(as with an insurance company) under which one or more persons receive annuities in return for prior fixed payments made by themselves or another (as an employer) annuity cer·tain pl: annuities certain : an annuity payable over

Tender

Coinage Act, 1870 (33 & 34 Vict. c. 10), s. 4, it is provided that a tender of payment of money, if made in coins legally issued by the Mint in accordance with the provisions of that

Remuneration

Remuneration, 'remuneration' is only a mere formal version of payment, Bala Subrahmanya Rajaram v. B.C. Patil, AIR 1958 SC 518: (1958) SCR 1504. Payment; compensation, Black's Law Dictionary,

Redemption

act of redeeming, which in its ordinary meaning is equal to bringing off a charge or obligation by payment--.By the down payment, the entire land revenue to be recovered from that land was redeemed. Redemption, is the

Pension

1928 (18 & 19 Geo. 5, No. 1). See Chitty's Statutes, tit. 'Pension,' and SUPERANNUATION. Pension is periodical payment of money for past services, Shaukat Husain Beg Mirza v. State of Uttar Pradesh, AIR 1959 All 769

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