Tag: Collateral
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Collateral Assignment
Concept of Collateral Assignment in the context of Real Property A short definition of Collateral Assignment: An assignment of property as collateral security, and not with the intent to transfer ownership from assignor to assignee.
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Collateral Assignment
Concept of Collateral Assignment in the context of Real Property A short definition of Collateral Assignment: An assignment of property as collateral security, and not with the intent to transfer ownership from assignor to assignee.
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Collateral Security
A separate obligation attached to another contract to guarantee its performance . Jobbers credit association Inc. v U.S., (D. C.N. Y.) 164 F. Supp. 22. It is a concurrent security for another debt, whether antecedent or newly created and is subsidiary to the principal debt […]
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Collateral Heir
A relative not of the direct line of descent, but of a collateral line….
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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 […]