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Welch mortgage
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Welch mortgageEnglish law. Contracts. A species of security which partakes of the nature of a mortgage, as there is a debt due, and an estate is given as a security for the repayment, but differs from it in the circumstances that the rents and profits are to be received without account till the principal money is paid off, and there is no remedy to enforce payment, while the mortgagor has a perpetual power of redemption.
RELATED TERMS--------------------------------------
Law
A rule or body of rules of conduct inherent in human nature and essential to or binding upon human society. The learned profession that is mastered by graduate study in a law school and that is responsible for the judicial system.
Security
That which renders a matter sure; an instrument which renders certain the performance of a contract. The term is also sometimes applied to designate a person who becomes the surety for another, or who engages himself for the performance of another's contract.
Mortgage
A legal instrument that creates a lien upon real estate securing the payment of a specific debt.
Debt
Whatever one owes. A sum of money due by certain and express agreement.
Due
What ought to be paid; what may be demanded.
Estate
A right or interest in property or the property of a deceased person.
Profits
In general, by this term is understood the benefit which a man derives from a thing. It is more particularly applied to such benefit as arises from his labor and skill.
Without
Pleading. This word is adopted in formal traverses, and is a negative signifying "and not for;" accordingly the language of the elder entries sometimes is, It et nemy pur tiel cause.
Account
Practice. 1) A statement of the receipts and payments of an executor, administrator, or other trustee, of the estate confided to him. 2) An account is also the statement of two merchants or others who have dealt together, showing the debits and credits between them.
Principal
1) This word has several meanings. It is used in opposition to accessary, to show the degree of crime committed by two persons; thus, we say, the principal is more guilty than the accessary after the fact. 2) Contracts. One who, being competent to contract, and who is sui juris, employs another to do any act for his own benefit, or on his own account. 3) Criminal law. A principal is one who is the actor in the commission of a crime.
Money
Gold, silver, and some other less precious metals, in the progress of civilization and commerce, have become the common standards of value; in order to avoid the delay and inconvenience of regulating their weight and quality whenever passed, the governments of the civilized world have caused them to be manufactured in certain portions, and marked with a Stamp which attests their value; this is called money.
Remedy
The means employed to enforce a right or redress an injury.
Payment
1) Contracts. That which is given to execute what has been promised; or it is the fulfilment of a promise. Solvere dicimus cum quis fecit, quod facere promisit. But though this is the general acceptation of the word, yet by payment is understood, every way by which the creditor is satisfied or ought to be, and the debtor, liberated for example, an accord and satisfaction will operate as a payment. 2) Pleadings. The name of a plea by which the defendant alleges that he has paid the debt claimed in the declaration; this plea must conclude to the country.
Mortgagor
Estate's, contracts. He who makes a mortgage.
Perpetual
That which is to last without limitation as to time.
Power
This is either inherent or derivative. The former is the right, ability, or faculty of doing something, without receiving that right, ability, or faculty from another. The people have the power to establish a form of govemment, or to change one already established. A father has the legal power to chastise his son; a master, his apprentice.
Redemption
Contracts. The act of taking back by the seller from the buyer a thing which had been sold subject to th right of repurchase.
SIMILAR TERMS--------------------------------------
PREVIOUS AND NEXT TERMS--------------------------------------
Wed
A covenant or agreement; whence a wedded husband.
Wedlock
Being married. Has the same meaning as "matrimony." Used mostly to refer to illegitimate children as "born out of wedlock."
Week
1) Seven days of time. The week commences immediately after twelve o'clock, on the night between Saturday and Sunday, and ends at twelve o'clock, seven days of twenty-four hours each thereafter.
Weighage
Merchant law. In the English law it is a duty or toll paid for weighing merchandise; it is called tronage for weighing wool at the king's beam, or pesage, for weighing other avoirdupois goods.
Weight of evidence
This phrase is used to signify that the proof on one side, of a cause is greater than on the other.
Welch mortgage
Well
A hole dug in the earth in order to obtain water.
Well knowing
These words are used in a declaration when the plaintiff sues for an injury which is not immediate and with force, and the act or nonfea-sance complained of was not prima facie actionable, not only the injury, but the circumstances under which it was committed, ought to be stated, as where the injury was done by an animal. In such case, the plaintiff after stating the injury, continues, the defendant well knowing the mischievous propensity of his dog, permitted him to go at large. Vide Scienter.
Were
The name of a fine among the Saxons imposed upon a murderer
Weregild
Weregild or Wergild. Old English.law. The price which in a barbarous age, a person guilty of homicide or other enormous offence was required to pay, instead of receiving other punishment.
Wergild
Wergild or Weregild. Old English.law. The price which in a barbarous age, a person guilty of homicide or other enormous offence was required to pay, instead of receiving other punishment.
RELATED TERMS--------------------------------------
Law
A rule or body of rules of conduct inherent in human nature and essential to or binding upon human society. The learned profession that is mastered by graduate study in a law school and that is responsible for the judicial system.
Security
That which renders a matter sure; an instrument which renders certain the performance of a contract. The term is also sometimes applied to designate a person who becomes the surety for another, or who engages himself for the performance of another's contract.
Mortgage
A legal instrument that creates a lien upon real estate securing the payment of a specific debt.
Debt
Whatever one owes. A sum of money due by certain and express agreement.
Due
What ought to be paid; what may be demanded.
Estate
A right or interest in property or the property of a deceased person.
Profits
In general, by this term is understood the benefit which a man derives from a thing. It is more particularly applied to such benefit as arises from his labor and skill.
Without
Pleading. This word is adopted in formal traverses, and is a negative signifying "and not for;" accordingly the language of the elder entries sometimes is, It et nemy pur tiel cause.
Account
Practice. 1) A statement of the receipts and payments of an executor, administrator, or other trustee, of the estate confided to him. 2) An account is also the statement of two merchants or others who have dealt together, showing the debits and credits between them.
Principal
1) This word has several meanings. It is used in opposition to accessary, to show the degree of crime committed by two persons; thus, we say, the principal is more guilty than the accessary after the fact. 2) Contracts. One who, being competent to contract, and who is sui juris, employs another to do any act for his own benefit, or on his own account. 3) Criminal law. A principal is one who is the actor in the commission of a crime.
Money
Gold, silver, and some other less precious metals, in the progress of civilization and commerce, have become the common standards of value; in order to avoid the delay and inconvenience of regulating their weight and quality whenever passed, the governments of the civilized world have caused them to be manufactured in certain portions, and marked with a Stamp which attests their value; this is called money.
Remedy
The means employed to enforce a right or redress an injury.
Payment
1) Contracts. That which is given to execute what has been promised; or it is the fulfilment of a promise. Solvere dicimus cum quis fecit, quod facere promisit. But though this is the general acceptation of the word, yet by payment is understood, every way by which the creditor is satisfied or ought to be, and the debtor, liberated for example, an accord and satisfaction will operate as a payment. 2) Pleadings. The name of a plea by which the defendant alleges that he has paid the debt claimed in the declaration; this plea must conclude to the country.
Mortgagor
Estate's, contracts. He who makes a mortgage.
Perpetual
That which is to last without limitation as to time.
Power
This is either inherent or derivative. The former is the right, ability, or faculty of doing something, without receiving that right, ability, or faculty from another. The people have the power to establish a form of govemment, or to change one already established. A father has the legal power to chastise his son; a master, his apprentice.
Redemption
Contracts. The act of taking back by the seller from the buyer a thing which had been sold subject to th right of repurchase.
SIMILAR TERMS--------------------------------------
PREVIOUS AND NEXT TERMS--------------------------------------
Wed
A covenant or agreement; whence a wedded husband.
Wedlock
Being married. Has the same meaning as "matrimony." Used mostly to refer to illegitimate children as "born out of wedlock."
Week
1) Seven days of time. The week commences immediately after twelve o'clock, on the night between Saturday and Sunday, and ends at twelve o'clock, seven days of twenty-four hours each thereafter.
Weighage
Merchant law. In the English law it is a duty or toll paid for weighing merchandise; it is called tronage for weighing wool at the king's beam, or pesage, for weighing other avoirdupois goods.
Weight of evidence
This phrase is used to signify that the proof on one side, of a cause is greater than on the other.
Welch mortgage
Well
A hole dug in the earth in order to obtain water.
Well knowing
These words are used in a declaration when the plaintiff sues for an injury which is not immediate and with force, and the act or nonfea-sance complained of was not prima facie actionable, not only the injury, but the circumstances under which it was committed, ought to be stated, as where the injury was done by an animal. In such case, the plaintiff after stating the injury, continues, the defendant well knowing the mischievous propensity of his dog, permitted him to go at large. Vide Scienter.
Were
The name of a fine among the Saxons imposed upon a murderer
Weregild
Weregild or Wergild. Old English.law. The price which in a barbarous age, a person guilty of homicide or other enormous offence was required to pay, instead of receiving other punishment.
Wergild
Wergild or Weregild. Old English.law. The price which in a barbarous age, a person guilty of homicide or other enormous offence was required to pay, instead of receiving other punishment.
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This dictionary contains 8526 terms.
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