Category: Business Law
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Credit Union
Credit union in the Context of Mortgages Nonprofit cooperative organizations that provide banking and financial services, including mortgages, home improvement loans and home equity loans, to their members. Similar Terms Credit Credit A measurement of a person’s ability to pay bills on time. […]
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Letter
Definition of Letters Of Administration This is a term used in wills and probate matters. Concept of Letter The following is an old definition of Letter [1], a term which has several meanings:1. One of the characters which constitute the alphabet. Many letters of the alphabet, standing alone, […]
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Ultra Vires
Articles of Association: The objects of the company Reforming the ultra vires doctrine Find under this subsection information about Reforming the ultra vires doctrine in relation to Articles of Association: The objects of the company. Articles of Association: The objects of the company The […]
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Fair
Concept of Fair The following is an old definition of Fair [1], a term which has several meanings:1, (adjetive) Equal; just; proper; reasonable; equitable. See Equity. Fair abridgment. A real substantial condensation of copyrighted materials, as the result of labor and judgment. See Abridge. […]
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Loan
Directors’ interests in company contracts Loans to directors Find under this subsection information about Loans to directors in relation to Directors’ interests in company contracts. Conventional loan in the Context of Mortgages A long-term loan a lender makes for the purchase of a home.
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Contractual Liability
Exclusion And Restriction of Contractual Liability Contractual liability in the Context of Mortgages The terms of a contract to which you must abide. There may be financial or even criminal penalties which you incur if if you do not meet your contractual liabilities. Similar Terms Contractual […]
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Sole Trader
A sole trader is the most common form of business ownership and the easiest to set up. It means that the business is owned and run by one person – though the business may employ a large number of people. The owner will normally provide the money to set the business up, but he or…
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Sole Trader
A sole trader is the most common form of business ownership and the easiest to set up. It means that the business is owned and run by one person – though the business may employ a large number of people. The owner will normally provide the money to set the business up, but he or…
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Contract for Deed
Contract for deed in the Context of Mortgages A contract in which the seller agrees to defer all or part of the purchase price for a specified period of time. Similar Terms Breach of contract Breach of contract The failure to perform provisions of a contract without a legal excuse. Contract […]
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Administrator
Definition of Administrator In accordance with the work A Dictionary of Law, this is a description of Administrator : 1. A person appointed by the court to collect and distribute a deceased person’s estate when the deceased died intestate, his will did not appoint an executor, or the executor […]
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Contractual Lien
Contractual lien in the Context of Mortgages A voluntary obligation such as a mortgage or trust deed. Similar Terms Contractual liability Contractual liability The terms of a contract to which you must abide. There may be financial or even criminal penalties which you incur if if you do not […]