Search results for: “mortgage bank”
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Purchase
In general sense, the term denotes the act of acquiring anything sold. To buy. In relation to realty , the term means acquisition of land in any lawful manner other than by descent or the mere act of law, and includes acquisition by conveyance , gift or devise . The term words […]
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Payment
The transfer of money from one person to another with the assent of both parties . A transfer made without such assent will not constitute payment. The term also denotes the delivery to and the acceptance by a creditor of any other valuable thing in reduction or […]
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Commercial Law
Legal Definition and Related Resources of Commercial Law Meaning of Commercial Law Term which describes the law governing rights of those engaged in commerce and trade . The meaning of the term varies with its context. See Brooklyn City & Newton […]
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Lien
A charge upon property of another either real or personal as security for the payment of a debt or performance of a duty in priority to the general debts of the owner . A tie that binds property to a debt or claim for it; satisfaction , as a right to possess and retain […]
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Lien
A charge upon property of another either real or personal as security for the payment of a debt or performance of a duty in priority to the general debts of the owner . A tie that binds property to a debt or claim for it; satisfaction , as a right to possess and retain […]
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Writing
Legal Definition and Related Resources of Writing Meaning of Writing In the most general sense, the term denotes a document, whether manuscript or printed, as opposed to mere spoken words. Writing […]
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Transfer
To convey . Also, the document by which property is transferred. Generally, the term transfer is used only to denote voluntary conveyance of property. The bankruptcy Act, 11 U.S.C. Ãâç101(40) defines the word as every mode, direct or indirect, absolute or conditional, voluntary […]
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Promissory Note
An unconditional promise in writing made by one person to another signed by the maker , engaging to pay on demand , or at a fixed or determinable future time, a sum certain in money to order or to bearer . Distinct from a bill of exchange in that the maker of a promissory note…
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Promissory Note
An unconditional promise in writing made by one person to another signed by the maker , engaging to pay on demand , or at a fixed or determinable future time, a sum certain in money to order or to bearer . Distinct from a bill of exchange in that the maker of a promissory note…
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Discount
Legal Definition and Related Resources of Discount Meaning of Discount An allowance or deduction made from a gross sum on any account whatever. Relating to bills of exchange , it denotes the sum of money deducted from its face value in […]
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Joint Account
The rule that where two or more persons advance money and take the security to themselves jointly, each is in equity deemed to be separately entitled to his proportion of the money, so that on his death it passes to his personal representatives and not to his surviving co-lenders, made it […]
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Possession
Legal Definition and Related Resources of Possession Meaning of Possession Possession must be considered in every case with reference to the peculiar circumstances, the character and value of the property , the suitable and natural mode of using […]
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Possession
Legal Definition and Related Resources of Possession Meaning of Possession Possession must be considered in every case with reference to the peculiar circumstances, the character and value of the property , the suitable and natural mode of using […]