Covenant of Seisin Covenant of Seisin is a clause that guarantees or verifies the owner’s possession of the property they are transferring. This clause ensures that there will be...
Financial Security The peace of mind we have when we are not concerned about money is referred to as Financial Security. This frequently entails having enough money...
Financial Power of Attorney Financial Power of Attorney is a legal method that allows people to select somebody to manage their finances on behalf of them when they become incapable of doing the job.
Tenancy at Sufferance Tenancy at Sufferance, also known as Holdover Tenancy, occurs when a tenant overstays their agreed-upon time limit. It happens when the owner did not request...
Holdover Tenant A Holdover Tenant stays inside the rented house after its contract ends without all the owner's express consent. These are deemed trespassers in the legal sense...
Tenancy-at-will Tenancy-at-will, sometimes known as an “Estate-at-will”, is a type of land ownership that does not need a lease or any other officially documented contracts and is solely dependent...
Debt Covenant Debt Covenants are limits imposed on loan agreements by lenders to constrain the borrower's actions (the debtor). These are agreements between a firm and its lenders...
Maintenance of membership agreement Maintenance of membership agreement is an agreement that, although employees do not have to join a union, union members must
Finance companies Finance companies refer institutions that acquire funds by issuing commercial paper or stocks and bonds and use those funds to make
Operating liability VS Financial liability An operating liability is an obligation incurred in producing goods and services for customers. A financial liability is an obligation incurred in raising cash to finance operations.
Definition
[ inerj.]