Tag: Credits
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Debt
Legal Definition and Related Resources of Debt Meaning of Debt That which is due from one person to another, whether money , goods or services; that which one person is bound to pay or perform for another. Garsson v American Diesel Engine Corp., […]
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Debtor
One who owes a debt or anyone who is liable on a debt, whether due or to become due. See First Nat. Bank & trust Co. in Macon v Kunes, (Ga.App.) 197 S.E.2d446.
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Debtor
One who owes a debt or anyone who is liable on a debt, whether due or to become due. See First Nat. Bank & trust Co. in Macon v Kunes, (Ga.App.) 197 S.E.2d446.
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Creditor
A person to whom a debt is owing from another. Does not ordinarily include a person who has a contingent or future claim against the debtor . The term is correlative to debtor. there is a secondary meaning of the term which is one to whom money is owing but for whom the period of…
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Credit
Legal Definition and Related Resources of Credit Meaning of Credit belief in a person ‘s trustworthiness. Credibility. The time allowed to the purchaser of goods or services for payment for the same. A sum placed at a person’s disposal in the […]
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Credit Line Reverse Mortgage
Concept of Credit Line Reverse Mortgage in the context of Real Property A short definition of Credit Line Reverse Mortgage: A maximum amount is established as a line of credit. The borrower can write checks up to this amount. This loan allows repayment and reborrowing during the life of the […]
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Credit Repository
Credit Repository in the context of Real Property See: Credit bureau in this legal Dictionary.
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Creditor’s Composition
Concept of Creditor’s Composition in the context of Real Property A short definition of Creditor’s Composition: An agreement by creditors to take a portion of a debt as satisfaction for the total due. Generally done to avoid a debtor having to declare bankruptcy.
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Debt Equity Ratio
Concept of Debt Equity Ratio in the context of Real Property A short definition of Debt Equity Ratio: The ratio of the mortgage balance to the owner’s equity.
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Creditor’s Position
Concept of Creditor’s Position in the context of Real Property Alternatives definitions of Creditor’s Position: (1) The portion of the value of property which is mortgaged, rather than the equity. (2) The portion of the value of property upon which a first mortgage could be obtained.
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Creative Financing
Concept of Creative Financing in the context of Real Property A short definition of Creative Financing: A general term which encompasses any method of financing property going beyond traditional real estate lending.
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Credit Report
Credit Report…
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Credit History
Concept of Credit History in the context of Real Property A short definition of Credit History: The past and present debts of a potential borrower. It is used to see if the person pays obligations as agreed and whether any past defaults have led to judgments or bankruptcy.
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Credit Bureau
Concept of Credit Bureau in the context of Real Property A short definition of Credit Bureau: A company that compiles information on a person’s credit history. Also called a Consumer Reporting Bureau.
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Credit Bureau
Concept of Credit Bureau in the context of Real Property A short definition of Credit Bureau: A company that compiles information on a person’s credit history. Also called a Consumer Reporting Bureau.