Purchase Money Security Interest - Law Dictionary Search Results
purchase money security interest
Matched in: Term purchase money security interest
interest
Matched in: Term interest
Constructive trust
upon certain acts of parties. It arises upon a vendor's lien or charge upon land sold for unpaid purchase money, and generally, when an estate is subject to a trust or equitable interest or lien, and a person … land sold for unpaid purchase money, and generally, when an estate is subject to a trust or equitable interest or lien, and a person purchases it for value, with either actual or constructive notice of it, the
Keep your definitions linked to case research
purchase
Matched in: Term purchase
grace period
penalty b : a period of ten days during which certain security interests (as those in fixtures or purchase money security interests) must be perfected in order to have priority over conflicting security interests under Article 9 of the … insurance policies may be paid without penalty b : a period of ten days during which certain security interests (as those in fixtures or purchase money security interests) must be perfected in order to have priority over
good
all things under section 9-104 of the Uniform Commercial Code that are movable at the time that a security interest in them attaches or that are fixtures but excluding money, documents, instruments, accounts, chattel paper, general intangibles, and … documents, instruments, accounts, chattel paper, general intangibles, and minerals or the like before extraction consumer goods : goods purchased primarily for personal, family, or household uses du·ra·ble goods : consumer goods that last and are used for
discount
payment or for payment in cash b : a reduction made for interest in advancing money upon or purchasing a note not yet due c : a reduction in the price of a bond see also discount … reduction in the price of a bond see also discount bond at bond d : the sale of securities that are issued below and redeemed at face value compare premium [dis-kant, dis-kant] vt 1 a : to
lien
duty that is created by agreement of the parties or esp. by operation of law ;specif : a security interest created esp. by a mortgage assessment lien : a lien that is on property benefiting from an improvement … sale at sale vendor's lien : a lien on esp. real property securing payment in full of the purchase price by the buyer voluntary lien : a lien created (as by contract) with the consent of the … of a tenant to secure payment of rent or sometimes repayment of money otherwise owed to a landlord maritime lien : a lien arising under
mortgage
secures a loan agreement which allows the mortgagor to borrow additional sums usually up to a specified limit purchase money mortgage : a mortgage that is given (as to a lender) to secure a loan for all or … mortgagor chattel mortgage : a mortgage of or against personal or movable property (as an airplane) compare pledge security interest 2 at interest collateral mortgage in the civil law of Louisiana : a mortgage against movable or immovable
Joint-tenancy
which are the following: (1) If two join in lending money on mortgage, though they take a joint security, yet equity holds that it could never have been intended that their interests should survive, the fair presumption … now (English) L.P. Act, 1925, s. 111, reproducing (English) Con-veyancing Act, 1881, s. 61. (2) When two persons purchase an estate, and advance the purchase-money between them in unequal portions, equity treats them as tenants in common, … Joint-tenancy. This tenancy is created where the same interest in real or personal property is, by the act of the party,
Try the research workspace - 7 days free