Payment - Law Dictionary Search Results
absolute priority rule
rule : a rule that provides for the satisfaction in full of claims of senior creditors before any payments can be made to junior creditors under a chapter 11 bankruptcy plan
a loan or a paper
paper a credit rating where the FICO score is 660 or above. There have been no late mortgage payments within a 12-month period. This is the best credit rating to have when entering into a new loan.
mortgage-backed security (mbs)
(mbs) a Fannie Mae security that represents an undivided interest in a group of mortgages. Principal and interest payments from the individual mortgage loans are grouped and paid out to the MBS holders. Source: U.S. Department of
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original principal balance
original principal balance the total principal owed on a mortgage prior to any payments being made. Source: U.S. Department of Housing and Urban Development
Accident
give relief under certain conditions are (1) lost or destroyed documents. (2) Imperfect execution of powers. (3) Erroneous payments, e.g., by personal representatives. In logic, something, in any subject, person, or thing not belonging to the essence.
servicing
servicing the collection of mortgage payments from borrowers and related responsibilities of a loan servicer. Source: U.S. Department of Housing and Urban Development
Resumption
The act of resuming as the resumption of a grant of delegated powers of an argument of specie payments etc
Greenbacker
One of those who supported greenback or paper money and opposed the resumption of specie payments
Equate
will reduce to a common standard of comparison to reduce to mean time or motion as to equate payments to equate lines of railroad for grades or curves equated distances
disposable income
the disposable income of all individuals and businesses is calculated as total national income minus taxes plus transfer payments
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