Secured Loan - Law Dictionary Search Results
secured loan
Matched in: Term secured loan
mortgage
to stipulated terms [creditors with valid s against the debtor's property "J. H. Williamson"] c : a loan secured by a mortgage [applied for a ] adjustable rate mortgage : a mortgage having an interest rate which
Mortgage
a pecuniary liability. The transferor is called a mortgagor, the principal money an interest of which payment is secured for the time being are called the mortgage money, and the instrument, if any by which the transfer … at a certain time. This conditional assurance is resorted to when a debt has been incurred, or a loan of money or credit effected, in order to secure either the repayment of the one or the liquidation
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Further advance, or charge
charge, a second or subsequent loan of money to a mortgagor by a mortgagee, either upon the same security as the original loan was advanced upon, or an additional security, Equity considers the arrears of interest on
loan
Matched in: Term loan
Funds, public
the reign of William III. In the infancy of the practice it was customary to borrow upon the security of some tax, or portion of a tax, set apart as a fund for discharging the principal and … principal and interest of the sum borrowed. This discharge was rarely effected. The public exigencies still continuing, the loans were continued, or the taxes again mortgaged for fresh ones. At length the practice of borrowing for a
security
see also due diligence asset-backed security : a security (as a bond) that represents ownership in or is secured by a pool of assets (as loans or receivables) that have been securitized bearer security : a security … collateral) that is provided to make certain the fulfillment of an obligation [used his property as for a loan] b : surety see also security for costs 2 : evidence of indebtedness, ownership, or the right to
Transfer
pro-perty, DLF Universal Ltd. v. Appropriate Authority, (2000) 5 SCC 552. Transfer, includes sale, purchase, mortgage, pledge, gift, loan or any other form of transfer of right, title, possession or lien. [Prevention of Money-Launder-ing Act, 2002, s.
Bond
p. 268. When a bond contains a penalty, which is generally double the amount of the principal sum secured, only the sum actually owing, with interest, can be recovered, and in no case can this exceed the … ss. 1 and 46. The term 'bond' is also used to denote an acknowledgement of indebtedness for a loan obtained by a Government or company. Bonds contain provisions as to interest until repayment of the principal. 'Bonds
loan or credit agreement
Matched in: Term loan or credit agreement
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