Simple Interest - Law Dictionary Search Results
simple interest
Matched in: Term simple interest
Simple deposit
Matched in: Term Simple deposit
Tail
Act, 1833, entitled 'An Act for the Abolition of Fines and Recoveries, and for the Substitution of more Simple Modes of Assurance,' which received the royal assent August 28, 1833, and has not been repealed by the … [fr. tailler, Fr., to prune]. An estate-tail was formerly a freehold of inheritance and is now an equitable interest which may be created after 1925 in respect of personalty as well as realty by way of trust
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Law of Property Act, 1925 (English)
important change was the abolition of all legal estates or tenures in land, except an estate in fee simple in possession, and a term of years absolute in or in certain incorporeal hereditaments arising out of annexed … land may be held in fee simple, leased and mortgaged at the same time. all other estate and interests inland are reduced to equitable interests. All mortgages of the same legal estate under the statutory conditions are
Fee-simple
Matched in: Term Fee-simple
Estate
according to its nature; technically, in regard to land, the word is used to denote the quantity of interest, e.g., estate in fee simple, for life, for years, etc., in either legal or equitable estates. In practice … of being the subject of many estates existing concurrently with each other, thus the absolute ownership or fee simple may be leased and sub-leased, mortgaged and charged, each of the holders of these estates having a good
Interest
Matched in: Term Interest
Shelley's case, Rule in
it upon A. at once, whereupon his life estate merges in the remainder, and he takes the entire interest, i.e., the fee-simple. Again: Land is limited to A. for life, remainder to B. for life, remainder in
Limitation of actions and prosecutions
Interest reipublic' ut sit finis litium, particular actions must be brought or proceedings taken. In the case of simple contract the remedy on the contract is barred, leaving the creditor free to enforce his claims by other
Recovery
charges sub-ordinate to the entail. But incumbrances on the estate-tail equally affected such fee-simple, and any estate or interest prior to the entail remained undisturbed. This assurance consisted of two parts: (1) The recovery itself, which was
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