subordination, n. 1. The act or an instance of moving something (such as a right or claim) to a lower rank, class, or position (subordination of a first lien to a second lien). [Cases: Secured Transactions 147. C.J.S. Secured Transactions § 108.] 2. Parliamentary law. The status and relation of a lower-ranking governing document to […]
equipment, n. The articles or implements used for a specific purpose or activity (esp. a business operation). • Under the UCC, equipment includes goods if (1) the goods are used in or bought for a business enterprise (including farming or a profession) or by a debtor that is a nonprofit organization or a governmental subdivision
purchase money. The initial payment made on property secured by a mortgage. [Cases: Mortgages 115. C.J.S. Mortgages § 151.]
Tax. Interest paid on debt that is secured by one’s home and that was incurred to purchase, build, improve, or refinance the home. • This type of interest is deductible from adjusted gross income. [Cases: Internal Revenue 3282. C.J.S. Internal Revenue § 286.]
qualified residence interest Read More »
deficiency, n. 1. A lack, shortage, or insufficiency. 2. A shortfall in paying taxes; the amount by which the tax properly due exceeds the sum of the amount of tax shown on a taxpayer’s return. — Also termed tax deficiency; income-tax deficiency; deficiency in tax. 3. The amount still owed when the property secured by
The interest rate at which a member bank may borrow from the Federal Reserve on a loan secured by commercial paper that has already been resold by the bank.
The purchase of a publicly held corporation’s outstanding stock by its management or outside investors, financed mainly with funds borrowed from investment bankers or brokers and usu. secured by the corporation’s assets. — Abbr. LBO. [Cases: Corporations 116. C.J.S. Corporations §§ 233–240, 242.]
self-help, n. An attempt to redress a perceived wrong by one’s own action rather than through the normal legal process. • The UCC and other statutes provide for particular self-help remedies (such as repossession) if the remedy can be executed without breaching the peace. UCC § 9-609. — Also termed self-redress; extrajudicial enforcement. [Cases: Secured
有担保债权人 英语：secured creditor 法语：créancier bénéficiant d’une sûreté 德语：Gläubiger mit dinglicher Sicherheit 意大利语：creditore garantito, privilegiato 西班牙语：acreedor asegurado
担保交易 英语：secured transaction (US) 法语：créance bénéficiant d’une sûreté 德语：Kreditgeschäft, welches mit einem Sicherungsvertrag verbunden ist 意大利语：operazioni garantite 西班牙语：transacción garantizada