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A mortgage note comes with a promissory note, which is the borrower's promise to repay the loan. ... are valid until the borrower pays off the mortgage and owns the property free and clear. Show ...
A 1926 promissory note from the Imperial Bank of India, Rangoon, Burma for 20,000 rupees plus interest. A promissory note, sometimes referred to as a note payable, is a legal instrument (more particularly, a financing instrument and a debt instrument), in which one party (the maker or issuer) promises in writing to pay a determinate sum of money to the other (the payee), [1] subject to any ...
In the United States, a mortgage note (also known as a real estate lien note, borrower's note) is a promissory note secured by a specified mortgage loan.. Mortgage notes are a written promise to repay a specified sum of money plus interest at a specified rate and length of time to fulfill the promise.
In Stave 2 of A Christmas Carol, the Ghost of Christmas Past takes Scrooge to revisit his youthful days in Fezziwig's world located at the cusp of the Industrial Revolution. Dickens uses Fezziwig to represent communal values and a way of life quickly swept away in the economic turmoil of the early nineteenth century.
The rule is particularly problematic in the consumer debt context where a business offers to finance a consumer purchase by accepting a promissory note signed by a consumer for part or all of the balance in lieu of tender of the full cash price, then sells the note to a bank (technically, by selling an assignment of its rights in the note) in ...
A due-on-sale clause is a clause in a loan or promissory note that stipulates that the full balance of the loan may be called due (repaid in full) upon sale or transfer of ownership of the property used to secure the note. The lender has the right, but not the obligation, to call the note due in such a circumstance.
A loan note is a type of financial instrument; it is a contract for a loan that specifies when the loan must be repaid and usually also the interest payable. It is similar to a promissory note but the differences can be significant in terms of consequences, especially tax consequences.
Young Siward is a character in William Shakespeare’s play Macbeth (1606). He is the son of Siward, general of the English forces in the battle against Macbeth. Macbeth kills him in the final battle, shortly before his swordfight with Lord Macduff. He is based on the real-life historical figure of Osbeorn Bulax.