Tag: Financial Law
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County Court
County Cour Definition of County Court County courts deal with civil cases and do not have jurisdiction to hear criminal cases. In accordance with the work A Dictionary of Law, this is a description of County Court : Any of the civil courts forming a system covering all of England and […]
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County Court
County Cour Definition of County Court County courts deal with civil cases and do not have jurisdiction to hear criminal cases. In accordance with the work A Dictionary of Law, this is a description of County Court : Any of the civil courts forming a system covering all of England and […]
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Termination of Contract
Buyer’s Right to Termination of Contract Note: see the Vienna Convention on Contracts for the International Sale of Goods 1980. Statutes Sale of Goods Act 1979 as amended in 1994 and 1995. Judicial Decisions Afovos Shipping Co. v. Pagnan [1983] 1 W.L.R. 195. Agricultores […]
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Bankruptcy
Definition of Bankruptcy In accordance with the work A Dictionary of Law, this is a description of Bankruptcy : The state of a person who has been adjudged by a court to be insolvent (Compare winding-up). The court orders the compulsory administration of a bankrupt’s affairs so that his […]
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Bankruptcy
Definition of Bankruptcy In accordance with the work A Dictionary of Law, this is a description of Bankruptcy : The state of a person who has been adjudged by a court to be insolvent (Compare winding-up). The court orders the compulsory administration of a bankrupt’s affairs so that his […]
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Insurance
Accident, Sickness and Unemployment insurance in the Context of Mortgages Income protection incorporating cover for loss of earnings arising from accident, sickness or unemployment. Usually paid out in the form of a monthly tax-free income to cover a portion of lost earnings and restricted to […]
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Insurance
Accident, Sickness and Unemployment insurance in the Context of Mortgages Income protection incorporating cover for loss of earnings arising from accident, sickness or unemployment. Usually paid out in the form of a monthly tax-free income to cover a portion of lost earnings and restricted to […]
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Capital Gains
Capital gains in the Context of Mortgages Profits an investor makes from the sale of real estate or investments. Similar Terms Capital Capital In the context of mortgages, capital describes the original sum borrowed as distinct from interest required on that loan. A repayment mortgage involves […]
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Credit
Definition of Credit In accordance with the work A Dictionary of Law, this is a description of Credit : 1. The agreed deferment of payment of a debt. Under the Consumer Credit Act 1974, credit also includes any other form of financial accommodation, including a cash loa It does not include the […]
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Credit
Definition of Credit In accordance with the work A Dictionary of Law, this is a description of Credit : 1. The agreed deferment of payment of a debt. Under the Consumer Credit Act 1974, credit also includes any other form of financial accommodation, including a cash loa It does not include the […]
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Judgement
County Court Judgement in the Context of Mortgages Whenever someone fails to pay for something and is subsequently taken to court, the magistrate may issue a County Court Judgement against that individual to pay the outstanding debt. This may well affect your ability to raise finances in the […]
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Judgement
County Court Judgement in the Context of Mortgages Whenever someone fails to pay for something and is subsequently taken to court, the magistrate may issue a County Court Judgement against that individual to pay the outstanding debt. This may well affect your ability to raise finances in the […]
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Completion Statement
Completion statement in the Context of Mortgages A statement, prepared by the seller, stating exactly how much the buyer should be paying on completion. Similar Terms Completion Completion This is the date when the buyer’s solicitor forwards the funds for the purchase of the house to the […]
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Conveyancing
Definition of Conveyancing In accordance with the work A Dictionary of Law, this is a description of Conveyancing : The procedures involved in validly creating, extinguishing, and transferring ownership of interests in land. Only a practising solicitor or *licensed conveyancer may charge a fee […]
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Contingency
Contingency in the Context of Mortgages Provision within a contract that renders an agreement incomplete until a designated event such as a survey or inspection occurs.