Mortgage
Real Estate Mortgage Investment Conduit (REMIC) Definition (in the Accounting Vocabulary)
The New York State Society of Certified Public Accountants offers the following definition of Real Estate Mortgage Investment Conduit (REMIC) in a way that is easy for anybody to understand: An entity that holds a fixed pool of mortgages and issues multiple classes of interests in itself to investors. A qualified REMIC is generally taxed like a partnership, unless it takes contributions after its start up day or engages in a prohibited transaction.
Mortgage Definition (in the Accounting Vocabulary)
The New York State Society of Certified Public Accountants offers the following definition of Mortgage in a way that is easy for anybody to understand: Legal instrument evidencing a security interest in ASSETS, usually real estate. Mortgages serve as COLLATERAL for PROMISSORY NOTES.
Concept of Mortgage in the context of Real Property
Alternatives definitions of Mortgage: (1) To hypothecate as security, real property for the payment of a debt. The borrower (mortgagor) retains possession and use of the property. (2) The instrument by which real estate is hypothecated as security for the repayment of a loan.
Concept of Mortgage in the context of Real Property
Alternatives definitions of Mortgage: (1) To hypothecate as security, real property for the payment of a debt. The borrower (mortgagor) retains possession and use of the property. (2) The instrument by which real estate is hypothecated as security for the repayment of a loan.
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Legal English Vocabulary: Mortgage in Spanish
Online translation of the English legal term mortgage into Spanish: hipoteca (English to Spanish translation) . More about legal dictionary from english to spanish online.
Related to the Legal Thesaurus
Concept of “Mortgage, Mortuum Vadium”
Traditional meaning of mortgage, mortuum vadium in English (with some legal use of this latin concept in England and the United States in the XIX Century) [1]: (in Latin) A dead pledge; one where the rents and profits did not go to the discharge of the debt. A conveyance of land defeasible on the performance of a certain condition; usually the payment of money; see Robinson’s Elementary Law Rev. ed.; § 92.
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Notes and References
- Based on A Concise Law Dictionary of Words, Phrases and Maxims, “Mortgage, Mortuum Vadium”, Boston: Little, Brown, and Company, 1911, United States. It is also called the Stimson’s Law dictionary. This term and/or definition may be absolete.
See Also
Mortgage
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See Also
- Finance
- Consumer Credit
- Negotiable Instrument
- Securities
- Financial Regulation
- Corporate Finance
Hierarchical Display of Mortgage
Law > Civil law > Civil law > Contract
Finance > Financial institutions and credit > Credit > Borrowing
Law > Justice > Ruling > Enforcement of ruling > Seizure of goods
Finance > Financial institutions and credit > Credit policy > Credit guarantee
Meaning of Mortgage
Overview and more information about Mortgage
For a more comprehensive understanding of Mortgage, see in the general part of the online platform.[rtbs name=”xxx-xxx”]
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Translation of Mortgage
- Spanish: Hipoteca
- French: Hypothèque
- German: Hypothek
- Italian: Ipoteca
- Portuguese: Hipoteca
- Polish: Hipoteka
Thesaurus of Mortgage
Law > Civil law > Civil law > Contract > Mortgage
Finance > Financial institutions and credit > Credit > Borrowing > Mortgage
Law > Justice > Ruling > Enforcement of ruling > Seizure of goods > Mortgage
Finance > Financial institutions and credit > Credit policy > Credit guarantee > Mortgage
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