Signed document by a borrower-mortgagor giving a lender-mortgagee the right to claim and sell the collateral-mortgaged property a default on the loan agreement occurs. It is not an absolute sale, only a conditional bill of sale. The mortgagor continues to hold the property and has the right to redeem it on complete debt repayment.
Not a party to the transaction, yet, on behalf of a borrower, seeks to obtain optimum rates and terms as a financing professional.
the term that is applied to the mortgage on personal property rather than real estate.
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Rating scale for US mutual funds. Uses a one star (lowest) to five stars (highest) range. Ratings based on a fund’s risk-adjusted performance over a 3, 5, and 10 year period. Morningstar, Inc., an independent rating agency, awards these ratings.
Lat. Death. Mors dicitur ultimum supplicium. Death is called the “last punishment,” the “extremity of punishment” 3 Inst 212. MORS OMNIA SOLVIT 793
In old English law. A small parcel or bit of land. MORT CIVILE. In French law. Civil death, as upon conviction for felony. It was nominally abolished by a law of the 31st of May, 1S54, but something very similar to it in effect at least, still remains. Thus, the property of the condemned, possessed by him at the date of his conviction, goes and belongs to his successors, (liC’ritiers,) as iu case of au intestacy; and his future acquired property goes to the state by right of its pre- rogative, (par droit de d6sli6rence) but the state may, as a matter of grace, make it over In whole or In part to the widow and children. Brown.
An ancient and now almost obsolete remedy in the English law. An assi/.e of mort d’anccstor was a writ which lay for a person whose ancestor died seised of lands in fee-simple, and after his death a stranger abated ; and this writ di- rected the sheriff to summon a jury or assize, who should view tbe land in question and recognize whether such ancestor were seised thereof on the day of his death, and whether the demandant were the next heir.
the term that is applied to a wound that is fatal.
This word, in its ordinary sense, never means violent death, but death arising from natural causes. Lawrence v. Aberdein, 5 Barn. & Aid. 110.