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mortgage

the primary residence, when the borrower dies or some other specified event occurs, or at a fixed maturity date second mortgage : a mortgage lien that is subordinate in priority to a first mortgage called also junior … of equity because the parties intended it to be a mortgage first mortgage : a mortgage that has priority over all other security interests except those imposed by law fixed rate mortgage : a mortgage having an

perfected

perfected : completed in accordance with statutory procedure for giving notice and thereby having a status of priority over security interests that are the subject of such procedure at a later date or that are not

patent

the inventor to claim “patent pending” status for the invention and to establish an earlier filing date and priority of the invention. A regular patent application must be made within a year of the provisional application or

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visa numbers

Visa Office in the Department of State distributes the visas by providing visa numbers according to preference and priority date. Source: Department of State. March 2007.

upgrade a petition

limits to an immediate relative category without numerical limits. The applicant no longer has to wait for her/his priority date to be reached. Upgrading a petition sometimes has consequences. A preference petition for a spouse permits derivative status

Priority Notice

Matched in: Term Priority Notice

Preferential payments

and the (English) Companies Act, 1929, s. 264, by which these debts are directed to be paid in priority to all others; and by s. 264 (4) (b) of the Companies Act, 1929, these debts are to … company. The debts are a first charge on goods or proceeds distrained upon within three months of the date of the receiving order or winding-up order, but if the landlord pays the debts he is to have

Puisne mortgage

created after 1925, must be registered at the Land Charges Registry, Red Lion Square, or they will lose priority; see, further, MORTGAGE CHARGE. Mortgages created before 1926 may be registered before transfer. This amounts to notice, but … tacking on further advances by a prior mortgagee if that mortgagee has not seen the register at the date of the first advance or has no other actual or direct notice. See TACKING. Under the transitional provisions

Notice

a prior equitable right, who obtains the legal estate at the time of his purchase, is entitled to priority in equity, as well as at law, according to the maxim: 'Where conflicting equities are equal, the law … mortgage protected by deposit of documents relating to the legal estate affected), is to rank according to its date of registration as a land charge. Mortgages and charges of registered land or of land within the limits

Attendant term

it, through the medium of the term so assigned, which being the elder title would have taken the priority in point of legal effect. Hence the expression 'protecting against mesne (middle) incumbrances.' Consult Sugden's Vendors and Purchasers, … Part II., par. 1, attendant terms out of freehold land which have or may become satisfied at any date will merge in the freehold reversion and come to an end, and similar terms out of leasehold land

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