In a deed, patent, or other instrument containing a description of land, locative calls are specific calls, descriptions, or marks of location, referring to landmarks, physical objects, or other points by which the land can be exactlv located and identified.
See IN Loco PARENTIS.
In the civil and Scotch law. A letter; one who lets; he who, beiug the owner of a thing, lets it out to another for hire or compensation. Coggs v. Bernard, 2 Ld. Raym. 913. In American land law. One who locates laud, or intends or is entitled to locate. See LOCATION.
The act of giving place.
Guarantee of a given interest rate for a limited amount of time as a commitment from a lender to a borrower.
In the event the business property is destroyed or theft is attempted, this is an area where important documents are stored safely.
1. To generate a certain minimum return on the monies loaned, to cover the lender’s marketing and loan administration expenses, this is a period when loan full-payoff is not allowed without penalties, per the loan agreement. 2. Period a lender holds interest rate steady as agreed-to regardless of the market rate. Also known as lockup period.
A deposit made that is held on to until its maturity date by the bank. Refer to a floating rate or negotiable certificate of deposit.
A place used temporarily as a prison.
When a company allows a white knight to purchase its most valuable assets to prevent a hostile takeover.