Security Receipt - Law Dictionary Search Results
Securitisation
by raising of funds by such securitisation company or recon-struction company from qualified institutional buyers by issue of security receipts representing undivided interest in such financial assets or otherwise. [Securitisation and Reconstruction of Financial Assets and Enforcement … raising of funds by such securitisation company or recon-struction company from qualified institutional buyers by issue of security receipts representing undivided interest in such financial assets or otherwise. [Securitisation and Reconstruction of Financial Assets and Enforcement of
Rent
1911, by the (English) L.P. Act, 1925, s. 121, with the additional powers of creating a term to secure payment by mortgage, sale or receipt of income of the land comprised in the term. Quit-rents, chief-rents, rent-charges,
limited partnership rollup transaction
a transaction in which some or all of the investors suffer adverse changes including the receipt of new securities without an option to receive or retain securities having the same terms as those originally purchased called also
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Bank-notes, or Bank-bills
course and transactions of business by the general consent of mankind, and, on payment of them, whenever a receipt is required, it is always given as for money, not as for securities or notes. Per Lord Mansfield, … a banking company. They are uniformly made payable on demand. They are not like bills of exchange, mere securities or documents for debt, nor are they so esteemed, but are treated as money in the ordinary course
binder
: a receipt for money paid to the owner of real estate or to the owner's agent to secure the right to purchase the real estate upon agreed terms ;also : the money itself
Vendor's lien for unpaid purchase money
persons claiming as volunteers, for so much of the purchase money as remains unpaid. The mere giving of security will not prevent the lien arising, unless it appears that the security was to be substituted for the … although the consideration is expressed to be paid both in the body of the deed and by a receipt endorsed on the back of it, still if the money or part of it was not in fact
Priority
By possession of the documents of title subject, presumably, to notice, actual or constructive, of equities affecting the security. (b) By date of registration at the Red Lion Square office under the (English) Land Charges Act, 1925, … priority in legal and equitable assignments of equitable choses in action are determined accord-ing to the date of receipt of notice by the persons who are for the time being owners of the legal interest in the
letter of credit
and which usually requires the beneficiary to present a draft and some documentary proof (as of shipment or receipt of the merchandise) when making a demand for payment irrevocable letter of credit : a letter of credit … (as a bank) promises to honor a demand for payment by the beneficiary in order to satisfy or secure the customer's debt compare guaranty NOTE: A letter of credit is usu. requested by a buyer of merchandise
sale
a sale in which the seller extends credit to the buyer to purchase the item and takes a security interest in the item with the buyer receiving title when the debt has been fully paid off compare … : operations and activities involved in promoting and selling goods and services [vice-president of s] b : gross receipts c : income calculated under the accrual basis of accounting
Bond
in the case of the death of any joint obligees, (English) L.P. Act, 1925, s. 81, and the receipt of the survivors is sufficient, s. 111, ibid., but joint obligees are, prima facie, tenants in common in … 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
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