Search results for: “collateral”
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Collateral Note
Concept of Collateral Note in the context of Real Property A short definition of Collateral Note: A promissory note secured by specific property.
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Collateral
Situated, running side by side, parallel , co-ordinate, corresponding, additional to the obligations of a contract or the like. Also secondary , subordinate , related to main matter and consideration but not strictly a part thereof. See James Emp. credit union v Hawley, 87 N. […]
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Collateralized Mortgage Obligation
Collateralized Mortgage Obligation (CMO) Definition (in the Accounting Vocabulary)The The New York State Society of Certified Public Accountants offers the following definition of Collateralized Mortgage Obligation (CMO) in a way that is easy for anybody to understand: SECURITY whose cash flows […]
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Collateral Benefits
English Legal System: Collateral BenefitsIn the context of the English law, A Dictionary of Law provides the following legal concept of Collateral Benefits : Benefits received from a third party by the victim of a tortious injury in consequence of the injury, such as insurance money, sick pay, […]
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Collateral Intrusion
Collateral intrusion in Law EnforcementMain Entry: Law Enforcement in the Legal Dictionary. This section provides, in the context of Law Enforcement, a partial definition of collateral intrusion.ResourcesSee AlsoLaw Enforcement Officer Police Officer Law Enforcement Agency Further Reading […]
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Collateral Contract
English Legal System: Collateral ContractIn the context of the English law, A Dictionary of Law provides the following legal concept of Collateral Contract : A subsidiary contract that induces a person to enter into a main contract. For example, if X agrees to buy from Y goods made by Z, and […]
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Collateral Trust Bonds
A bond in which the issuer (often a holding company) grants investors a lien on stocks, notes, bonds, or other financial asset as security. Compare mortgage bond….
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Collateralized Mortgage Obligation (Cmo)
A security backed by a pool of pass-throughs , structured so that there are several classes of bondholders with varying maturities, called tranches. The principal payments from the underlying pool of pass-through securities are used to retire the bonds on a priority basis as specified in the […]
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Collateral Undertaking
A contract based upon a pre-existing debt, or other liability, and including a promise to pay, made by a third person having immediate respect to and founded upon such debt or liability, without any new consideration moving to him. 82 111. App. 308. …
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Collateral Warranty
Warranty as to an estate made by one who was ancestor to the heir thereof, either actually or by implication of law, in respect to other property, but who could not have been so in respect to the estate in question. Warranty made where the heir’s title to the land neither was nor […]
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Collaterales Et Socii
Title of masters in chancery. The former …
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Collateral Promise
It is a promise to pay the debt of another, made either before , after or contemporaneously with the promise of the primary debtor ; it is a promise to answer for the debt, default or miscarriage of another person .
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Collateral Act
In old practice. The name collateral act was given to any act (except the payment of money) for the performance of which a bond, recognizance, etc., was given as security. …
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Collateral Ancestors
A phrase sometimes used to designate uncles and aunts, and other ascending collateral relatives, who are not strictly ancestors. …
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Collateral Descent
Descent In a transverse or zigzag toe, i. e., up through the common ancestor, and then down from him; descent to collaterals. …