mortgage by effect of law
81Creation of legal relations in English law — Business transactions are presumed to always carry intent to create legal relations, unlike social agreements. Creation of legal relations is a doctrine in English contract law that states an agreement is legally enforceable only if the… …
82standard security — the only competent way to obtain a security over heritable property in Scotland or, more accurately, over an interest in land. Since 29 November 1970, as a result of the Conveyancing and Feudal Reform (Scotland) Act 1970, this has been the case.… …
83discharge — dis·charge 1 /dis chärj, dis ˌchärj/ vt 1: to release from an obligation: as a: to relieve of a duty under an instrument (as a contract or a negotiable instrument); also: to render (an instrument) no longer enforceable a formal instrument...may… …
84interest — in·ter·est / in trəst; in tə rəst, ˌrest/ n [probably alteration of earlier interesse, from Anglo French, from Medieval Latin, from Latin, to be between, make a difference, concern, from inter between, among + esse to be] 1: a right, title, claim …
85satisfaction — sat·is·fac·tion n 1 a: the act or fact of satisfying b: execution of an accord by performance of the substituted obligation often used in the phrase accord and satisfaction compare accord 3, transaction 3 c …
86deed — 1 n 1: something done: act (1) my free act and deed 2: a written instrument by which a person transfers ownership of real property to another see also deliver …
87obligation — ob·li·ga·tion /ˌä blə gā shən/ n 1: a promise, acknowledgment, or agreement (as a contract) that binds one to a specific performance (as payment); also: the binding power of such an agreement or indication held that the amendment did not… …
88redeem — re·deem /ri dēm/ vt 1 a: repurchase b: to repurchase by right and not on the open market redeem preferred shares 2 a: to free from a lien or pledge usu. by payment of the amount secured thereby …
89chattel — chat·tel / chat əl/ n [Old French chatel goods, property, from Medieval Latin capitale, from neuter of capitalis chief, principal see capital]: an item of tangible or intangible personal property; esp: chattel personal in this entry ◇ In some… …
90FSMA overview — Introduction Implementation of the Financial Services and Markets Act 2000 (FSMA) completed the vesting of supervisory responsibilities in the regulator, the Financial Services Authority (FSA), and rationalised and substantially replaced the… …
