Tag: Lending
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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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Lender
He from whom a thing is borrowed; the bailor of an article loaned. …
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Lender
He from whom a thing is borrowed; the bailor of an article loaned. …
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Borrower
He to whom a thing l8 lent at his request. As used in usury laws, it includes any person who is a party to the original contract, or in any way liable to pay the loan. 64 N. Y. 247; 65 N. Y. 432; 11 Wend. (N. Y.) 329; 7 Hill (N. Y.) 391; 75…
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Borrower
He to whom a thing l8 lent at his request. As used in usury laws, it includes any person who is a party to the original contract, or in any way liable to pay the loan. 64 N. Y. 247; 65 N. Y. 432; 11 Wend. (N. Y.) 329; 7 Hill (N. Y.) 391; 75…
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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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Rollover Loan
Concept of Rollover Loan in the context of Real Property A short definition of Rollover Loan: A loan which is periodically reviewed, adjusted (usually to reflect current interest rates) and extended. Short term loans can be rolled over into long term loans. The process is by initial agreement […]