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mortgage

a loan secured by a mortgage [applied for a ] adjustable rate mortgage : a mortgage having an interest rate which is usually initially lower than that of a mortgage with a fixed rate but which is

remainder

possessory estate (as a life estate) created at the same time and by the same instrument compare future interest at interest, reversion charitable remainder : a remainder in favor of a charity contingent remainder : a remainder

privity

of a purchaser's household, whose use of a product is foreseeable. 2 a : a mutual or successive interest esp. in the same rights of property (as by inheritance or purchase) ;also : the condition of having

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Debenture

pro-perty with the repayment at a time fixed of money lent by person therein named at a given interest, but the term is a very elastic one. The word 'debenture' is of ancient origin and appears to

Notice to quit

year to year, so long as both parties please, if the tenant dies his personal representatives have the same interest in the land which their testator or intestate had, and are, therefore, entitled to the same notice to

Damdupat

principle of Damdupat was evolved both as an inducement to the debtor to pay the entire principal and interest thereon at one and the same time in order to save interest in excess of the principal and

Coparceners or parceners

to all the daughters equally. Coparceners had a unity though not an entirety, or necessarily an equality, of interest; if there were tow only, each was properly entitled to the whole of a distinct moiety; and being

Supplemental Bill, Bill in the nature of a

been that a supplemental bill was properly applicable to those cases only where the same parties and the same interest remained before the Court; whereas an original bill, in the nature of a supplemental bill, was properly applicable

Conditional fee

Conditional fee. This species of formerly inheritable freehold (now, equitable interest, except under (English) Law of Property Act, 1925, s. 8) is marked, as to its duration or time

tenancy

at sufferance joint tenancy : a tenancy in which two or more parties hold equal and simultaneously created interests in the same property and in which title to the entire property is to remain to the survivors

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