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Mortgage

creditor receives the proceeds of his security in satisfaction of the interest of his debt, the principal remaining due and the estate never becoming forfeited, but redeemable at anytime; and the creditor not being entitled to sue

Current assets

for sale of goods and for services rendered, advance tax payments and bills receivable, but does not include sums credited to a provided fund, a pension fund, a gratuity fund or any other fund for the welfare … a period of not more than twelve months in the ordinary course of business, such as, stock-in-trade, amounts due from sundry debtors for sale of goods and for services rendered, advance tax payments and bills receivable, but

Necessaries

term includes whatever the owner as a prudent man would have ordered himself if present; and the amount due may be recovered in the Probate, Divorce, and Admiralty Division of the High Court of Justice, or, if

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Alteration

But if the alteration is not apparent, and the bill is in the hands of a holder in due course, such holder may avail himself of the bill as if it had not been altered, and may

Funds, public

Funds, public, the name given to the public funded debt due by Government. The practice of borrow-ing money to defray a part of the war expenditure began, with us,

interest

warrants recognition or causes bias [had a right to intervene because of an in the litigation] [recused himself due to an in the matter] see also conflict of interest 3 : something that causes or warrants particular

goodwill

of the favor or prestige which a business has acquired beyond the mere value of what it sells due to the personality or experience of those conducting it, their reputation for skill or dependability, the business's location,

Property

1970 (2) SCC 248. (See also Constitution of India, Entry 42, List III) Includes right to realise debt due to dissolved firm from third party, Baba Commercial Syndicate v. Chennamesetti, AIR 1986 AP 378. Property, is a

Heriot

if a customary freehold tenement is mortgaged, and the mort-gagor being in possession dies, the heriot is not due because he had no legal seisin at the time of his death, Copestake v. Hoper, (1908) 2 Ch

Leave to defend

19 Vict.c.67), commonly called 'Keating's Act,' allowed actions on bills or notes commenced within six months after being due, to be by writ of summons in a form provided by the Act, and, unless the defendant should

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