Category: Finance Law
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Bond
Bond in United States Bond Definition A sealed obligation to pay money, either absolutely or conditionally. 2 Serg. & R. (Pa.) 502; 11 Ala. 19; 1 Harp. (S. C.) 434; 1 Blackf. (Ind.) 241; 6 Vt. 40; 1 Baldw. (U.S.) 129; 110 Mass. 454. It may be single, simplex obligatio, as where the […]
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Bond
Bond in United States Bond Definition A sealed obligation to pay money, either absolutely or conditionally. 2 Serg. & R. (Pa.) 502; 11 Ala. 19; 1 Harp. (S. C.) 434; 1 Blackf. (Ind.) 241; 6 Vt. 40; 1 Baldw. (U.S.) 129; 110 Mass. 454. It may be single, simplex obligatio, as where the […]
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Insurable Interest
Insurable Interest in United States Insurable Interest Definition Such an interest in a subject of insurance as will entitle the person possessing it to obtain insurance. In the law of fire insurance, an insurable interest may be defined as such an interest as would entail a pecuniary […]
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Insurable Interest
Insurable Interest in United States Insurable Interest Definition Such an interest in a subject of insurance as will entitle the person possessing it to obtain insurance. In the law of fire insurance, an insurable interest may be defined as such an interest as would entail a pecuniary […]
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Insolvency
Insolvency in United States Insolvency Definition The state of a person who is unable, from any cause, to pay his debts. Two tests of insolvency prevail, their application generally being governed by the purpose for which the fact of insolvency is ascertained, though there is some […]
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Insolvency
Insolvency in United States Insolvency Definition The state of a person who is unable, from any cause, to pay his debts. Two tests of insolvency prevail, their application generally being governed by the purpose for which the fact of insolvency is ascertained, though there is some […]
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Banking Regulations
Banking Regulations in the United States History: State and Private Attempts at Reform During the free banking era of 1837-1863 the federal government divorced itself from almost all attempts to regulate the banking system. Following the demise of the Second Bank of the United States in […]
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Banking Regulations
Banking Regulations in the United States History: State and Private Attempts at Reform During the free banking era of 1837-1863 the federal government divorced itself from almost all attempts to regulate the banking system. Following the demise of the Second Bank of the United States in […]
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Prepaid Cards
Prepaid Cards in the United States A prepaid card is a card that the holder uses to access money that is loaded onto the card in advance. There are different types of prepaid cards. With most cards, the holder of the card can spend the money on the card for daily expenses or withdraw cash…
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Rating
Rating in the United States Rating Definition In Commerce. The estimate put on the credit and financial resources of a person. There are various institutions or persons who furnish ratings. They are called mercantile agencies. In Shipping. The order or class of a vessel according to her […]
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Usury
Usury in the United States Usury Definition An illegal profit required and received by a lender of a sum of money from the borrower; something exacted for the use of money in excess of and in addition to the interest allowed by law; a loan or forbearance of money for a greater rate of […]
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Usury
Usury in the United States Usury Definition An illegal profit required and received by a lender of a sum of money from the borrower; something exacted for the use of money in excess of and in addition to the interest allowed by law; a loan or forbearance of money for a greater rate of […]
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Market
Market in United States Market Definition (Lat. mens, merchandise; anciently, mercat). A public place and appointed time for buying and selling. A public place appointed by public authority, where all sorts of things necessary for the subsistence or for the convenience of life are sold. 14 N. […]
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Market
Market in United States Market Definition (Lat. mens, merchandise; anciently, mercat). A public place and appointed time for buying and selling. A public place appointed by public authority, where all sorts of things necessary for the subsistence or for the convenience of life are sold. 14 N. […]