Security Interest - Law Dictionary Search Results
power
government to exercise reasonable control over persons and property within its jurisdiction in the interest of the general security, health, safety, morals, and welfare except where legally prohibited (as by constitutional provision) reserved powers : the political
Chattels or catals
and 'chattels real,' which concern the realty, such as terms of years of lands or tenements, wardships, the interest of tenant by statute staple, by statute merchant, by elegit, and such like, Co. Litt., 118 b. Chattels … The statutory definition excludes chattels used at the death of the intestate for business purposes, and money or securities for money. Chattels Real are estates or interests in or arising out of lands. The difference between real
Copyhold
agreement or if exceeding 20l. by agreement or by 20 annual instalments including interest at 5' per cent. secured by a charge on the enfranchised land, or by mortgage [(English) Law of Properties Act, 1922, s. 139].
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mortgage-backed security (mbs)
Matched in: Term mortgage-backed security (mbs)
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
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 … of some tax, or portion of a tax, set apart as a fund for discharging the principal and interest of the sum borrowed. This discharge was rarely effected. The public exigencies still continuing, the loans were continued,
Proviso for redemption
conveyance upon mortgage whereby if the mortgagor pays to the mortgagee the principal, interest, and any other moneys secured by the mortgage on a specified day, the mortgagee becomes bound to reconvey the mortgaged property to the
Increase of Rent and Mortgage (Restrictions) Acts (English)
to levy distress or resume possession of property by landlords and of mortgagees to foreclose or realize their security. This Act was followed by a series of complicated statutes which imposed restrictions on increasing the rent and … Act was followed by a series of complicated statutes which imposed restrictions on increasing the rent and mortgage interest on properties falling within their scope. the obscure and ambiguous drafting of these Acts has given rise to
Borrower
of financial institution in relation to such financial assistance. [Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, s. 2(1) (f)] The expression 'borrower' in s. 7 need not be given a restricted meaning
Obligor
existing, future, con-ditional or contingent and includes the borrower. [Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002), s. 2(1)(q)] Means (1) One who has undertaken an obligation is owed; a … future, con-ditional or contingent and includes the borrower. [The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, s. 2(q)]
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