Tag: Financial Law
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Deed of Covenant
Definition of Deed of Covenant In accordance with the work A Dictionary of Law, this is a description of Deed of Covenant : A *deed containing an undertaking to pay an agreed amount over an agreed period. Certain tax advantages could be obtained through the use of covenants, particularly in […]
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Completion
Definition of Completion In accordance with the work A Dictionary of Law, this is a description of Completion : (in land law) The point at which ownership of land that is the subject of a contract for its sale changes hands. The purchaser hands over any unpaid balance of the price in exchange […]
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Completion
Definition of Completion In accordance with the work A Dictionary of Law, this is a description of Completion : (in land law) The point at which ownership of land that is the subject of a contract for its sale changes hands. The purchaser hands over any unpaid balance of the price in exchange […]
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Blanket Insurance Policy
Blanket insurance policy in the Context of Mortgages A policy that covers more than one person or piece of property. Similar Terms Accident, Sickness and Unemployment insurance Accident, Sickness and Unemployment insurance Income protection incorporating cover for loss of earnings arising from […]
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Blanket Insurance Policy
Blanket insurance policy in the Context of Mortgages A policy that covers more than one person or piece of property. Similar Terms Accident, Sickness and Unemployment insurance Accident, Sickness and Unemployment insurance Income protection incorporating cover for loss of earnings arising from […]
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Affidavit
Definition of Affidavit In accordance with the work A Dictionary of Law, this is a description of Affidavit : A sworn written statement used mainly to support certain applications and, in some circumstances, as evidence in court proceedings. The person who makes the affidavit must swear or […]
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Affidavit
Definition of Affidavit In accordance with the work A Dictionary of Law, this is a description of Affidavit : A sworn written statement used mainly to support certain applications and, in some circumstances, as evidence in court proceedings. The person who makes the affidavit must swear or […]
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Clear Title
Clear title in the Context of Mortgages Ownership of the property is clear, with no legal complexities.
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Asu
ASU in the Context of Mortgages A form of income protection incorporating cover for loss of earnings arising from accident, sickness or unemployment. Is usually paid out in the form of a monthly tax-free income to cover a portion of lost earnings and is usually restricted to two years from the […]
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Capital Gains Tax
Definition of Capital Gains Tax In accordance with the work A Dictionary of Law, this is a description of Capital Gains Tax : A tax charged on gains arising from the disposal of assets. The tax due is a proportion of the chargeable gain, which in general terms is the amount by which the […]
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Adverse Possessory Title
Adverse possessory title in the Context of Mortgages If a piece of land is occupied without permission for at least 12 years, the occupier can become the legal owner. Similar Terms Possessory title Possessory title The description given by the Land Registry to the title or ownership of a […]
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Adverse Possessory Title
Adverse possessory title in the Context of Mortgages If a piece of land is occupied without permission for at least 12 years, the occupier can become the legal owner. Similar Terms Possessory title Possessory title The description given by the Land Registry to the title or ownership of a […]
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Cap
Definition of Cap In accordance with the work A Dictionary of Law, this is a description of Cap : (Common Agricultural Policy, CAP) The agricultural policy of the EU as set out in Articles 32-38 of the Treaty of Rome. The overall aims of the CAP are to increase agricultural productivity, […]
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Cap
Definition of Cap In accordance with the work A Dictionary of Law, this is a description of Cap : (Common Agricultural Policy, CAP) The agricultural policy of the EU as set out in Articles 32-38 of the Treaty of Rome. The overall aims of the CAP are to increase agricultural productivity, […]
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Balance Sheet
Definition of Balance Sheet In accordance with the work A Dictionary of Law, this is a description of Balance Sheet : A document presenting in summary form a true and fair view of a company’s financial position at a particular time (e.g. at the end of its financial year). It must show the […]