To Be Secured - Law Dictionary Search Results
Home Dictionary Name: to be secured Page: 2Valuable security
Valuable security, certificates the appellant has been found to have forged to get admission in the Arts and Commerce College affiliated to Poona Univer-sity could not be described as 'valuable security' within the meaning of s. 30 of the Indian Penal Code, Shaikh Noor Mohd. Shaikh Fazal v. State of Maharashtra, (1980) 4 SCC 551: AIR 1981 SC 297 (298). [Penal Code (45 of 1860), ss. 30, 465, 467, 471]The words 'valuable security' denote a document which is, or purports to be, a document whereby any legal right is created, extended, transferred, restricted, extinguished or released, or whereby any person acknowledges that he lies under legal liability, or has not a certain legal right, see also. [Dowry Prohibition Act, 1961 (28 of 1961), s. 2, Expl. II; (English) Penal Code, 1860, s. 30]The assessment order is certainly a 'document', under s. 29, IPC. The order of assessment does create a right, in the assessee, in the sense that he has a right to pay tax only on the total amount assesse...
Proximate security
Proximate security, 'proximate security' means protection provided from close quarters, during journey by road, rail, aircraft, watercraft or on foot or any other means of transport and shall include the places of functions, engagements, residence or halt and shall comprise ring round teams, isolation cordons, the sterile zone around, and the rostrum and access control to the person or members of his immediate family [Special Protection Group Act, 1988 (34 of 1988), s. 2(g)]Means protection provided from close quarters during journey by road, rail, aircraft, watercraft or on foot or any other means of transport, and shall include the place of functions, engagements, residence or halt and shall comprise ring round teams, isolation cordons, the sterile zone around and the rostrum and access control to the person or members of his immediate family. The mere fact that the protectee has to go to court as an undertrial, does not disentitle him to the proximate security, Commissioner of Polic...
Security agreement
Security agreement, means an agreement, instru-ment or any other document or arrangement under which security interest is created in favour of the secured creditor including the creation of mortgage by deposit of title deeds with the secured creditor. [Securitisation and Reconstruction of Financial Assets and Enforcements of Security Interest Act, 2002 (54 of 2002), s. 2(1) (zb)]...
Private security agency
Private security agency, means a person or body of person other than a government agency; depart-ment or organization engaged in the business of providing private security services including training to private security guards or their supervisor or providing private security guards to any industrial or business undertaking or a company or any other person or property. [The Private Security Agencies (Regulation) Act, 2005, s. 2(g)]...
secured
secured 1 a : guaranteed or protected by security [a claim] b : constituting security [ property] 2 : having a security interest [an interest rendering the primary lender ] 3 : involving or providing for the creation of a security interest [a sale] ...
security agreement
security agreement : an agreement which creates or provides for a security interest [perfect a security interest in collateral described in a security agreement] compare secured transaction ...
Secured debt
Secured debt, means a debt which is secured by any security interest [Securitisation and Reconstruction of Financial Assets and Enforcements of Security Interest Act, 2002 (54 of 2002), s. 2(1)(ze)]...
To be secured
To be secured, means when a bequest is made of an annuity 'to be secured to the annuitant, it does not mean that such a legatee must be given something in the nature of mortgage security. An annuity can be secured by appropriating a sufficient part of the estate to meet it..... sufficient, e.g. always 'to provide for payment', Stratheden (in re:) etc., (1893) 9 TLR 455....
Security
Security, is anything that makes the money more assured in its payment or more readily recoverable as distinguished from e.g. a mere IOU which is only evidence of a debt. The word is not confined to a document which gives a charge on specific pro-perty but includes personal securities for money, Chetumal v. Noorbhoy, AIR 1928 Sind 89: 107 IC 213.Security, it may range from a mere personal bond or promissory note or guarantee, or even a mere pledge of something of no intrinsic value, to a mortgage of property from out of which the money can be realised, AIR 1963 Ker 128 (134). (T.P. Act, 1882, s. 134)Means 'a mortgage, charge, pledge, bond, deben-ture, indemnity, guarantee, bill, not or other right provided by the debtor....or at his request......to secure the carrying out of the obligations of the debtor....under the agreement, Wilson v. First Country Trust Ltd., (2001) LR 407 (QB). [Consumer Credit Act, 1974 (C39), ss. 189(1)]Means an instrument which guarantees the certainty of some ...
Possessory lien
Possessory lien. A possessory lien arises at common law from an agreement express or implied. As a rule it is immaterial how possession is obtained, Robbins v. Gray, (1895) 2 QB 501; Keene v. Thomas, (1905) 1 KB 136. The lien can be extinguished by tender of the amount due and may be lost by waiver express or implied, and also only continues so long as actual possession is retained. See LIEN....
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