Search results
Results From The WOW.Com Content Network
The redemption movement overlaps with the sovereign citizen movement, with several influential sovereign citizens promoting redemption schemes and ideas. [8] Part of its concepts were also adopted by the Canadian-born freeman on the land movement and by various other pseudolaw "gurus", movements and litigants.
The equity of redemption was the right to petition the courts of equity to compel the mortgagee to transfer the property back to the mortgagor once the secured obligation had been performed. [1] Today, most mortgages are granted by statutory charge rather than by a formal conveyance, although theoretically there is usually nothing to stop two ...
National Bank Act of 1863; Long title: An Act to provide a national currency, secured by a pledge of United States stocks, and to provide for the circulation and redemption thereof. Enacted by: the 37th United States Congress: Effective: February 25, 1863: Citations; Statutes at Large: 12 Stat. 665: Legislative history
A wildcat bank is broadly defined as one that prints more currency than it is capable of continuously redeeming in specie. A more specific definition, established by historian of economics Hugh Rockoff in the 1970s, applies the term to free banks whose notes were backed by overvalued securities – bonds which were valued at par by the state, but which had a market value below par. [2]
Because the right of redemption is an equitable right, foreclosure is an action in equity. To keep the right of redemption, the debtor may be able to petition the court for an injunction. If repossession is imminent, the debtor must seek a temporary restraining order. However, the debtor may have to post a bond in the amount of the debt.
The bank's initial public offering in July of 1791 was the largest such event in the young country's history, as the $8 million of offered shares were quickly snapped up by the nation's elite.
Rothbard, Murray N., History of Money and Banking in the United States.Full text (510 pages) in pdf format, A libertarian interpretation; Schweikart, Larry, ed. Banking and Finance to 1913 (1990), an encyclopedia with short articles by experts Schweikart, Larry, ed. Banking and Finance, 1913-1989 (1990), an encyclopedia with short articles by ...
The right of redemption is a legal process that gives homeowners who have fallen behind on their mortgage payments the opportunity to keep their home by paying the money they owe, plus interest ...