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English mortgage

English mortgage, Where the mortgagor binds him-self to repay the mortgage-money on a certain date, and transfers the mortgaged property absolutely to the mortgagee, but subject to

Deposit

in any action for the return of a deposit the Court may, if it thinks fit, order the repayment of any deposit, see also Sale of Goods Act, 1893, s. 5. A deposit of title-deeds as a

loan

on the property rather than by any federal agency demand loan : a loan that is subject to repayment upon demand of the lender home equity loan : a loan or line of credit secured by the

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Loan societies

per cent. and to receive the principal by such instalments as the rules specify, so that the first repayment shall not be sooner than the eleventh day from the time of the advance. With respect to the

Secured creditor

securities on behalf of a bank or financial institution, in whose favour security interest is created for due repayment by any borrower of any financial assistance. [Securitisation and Recon-struction of Financial Assets and Enforcements of Security Interest

Bonded labour system

agreement with the creditor to the effect that in the event of the failure of the debtor to repay the debt, he would render the bonded labour on behalf of the debtor. [Bonded Labour System (Abolition) Act,

Vivum vadium, Vifgage or Living pledge

borrows money of another, and grants to him an estate to hold till the rents and profits shall repay the sum borrowed with interest. The estate is conditioned to be void as soon as the sum is

Undischarged insolvent

understood as meaning an insolvent who is a person who is in impecunious circumstances as is unable to repay the debt, Thamparoor Ravi v. Charupara Ravi, (1999) 8 SCC 74.

Tithe Rent-Charge

bound by any such contract made before that Act, being made by the Act expressly liable, however, to repay to the landowner such sum as the landowner had properly paid on account of tithe rent-charge to the

Share and debenture

the other hand, a debenture is an instrument of debt executed by the company acknowledging its receipt to repay the same at a specified rate and also carrying an interest. It is in sum and substance a

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