Search results
Results from the WOW.Com Content Network
An acceleration clause is a section of a mortgage contract that can have big consequences: Namely, it can require you to pay off your entire mortgage at once. Even if you miss only one payment.
[1] If a notice period such as one month is required for an employer to terminate a contract, a 'payment in lieu of notice' is immediate compensation at an amount equal to that an employee would have earned as salary or wages by working through the whole notice period: for example, one month's salary.
A spens, Spens, spens clause, or Spens clause is a provision in a security (for example a bond) which allows a borrower to repay the principal amount (and hence discharge their obligation to the lender) earlier than the contractual repayment date, on payment of a specified penalty, also referred to as a "make whole" payment, in excess of the principal (or face value) of the security.
London South Bank University was founded in 1892 as the Borough Polytechnic Institute. It has since undergone several name changes, becoming the Polytechnic of the South Bank in 1970, South Bank Polytechnic in 1987, South Bank University in 1992 and London South Bank University in 2003. The university has also merged with a number of other ...
A boilerplate clause is a legal English term that is used in conjunction with contract law. When forming contracts, parties to the contract often use templates or forms with boilerplate clauses ( boilerplate language , used as standard language).
The clause allows the lender to claim insurance funds to restore the home and sell it. ... For example, say you buy a house for $500,000 with a $100,000 down payment and a $400,000 mortgage. To ...
The policy, which would have covered Anthem's plans in Connecticut, New York and Missouri, was disclosed in recent weeks, with the company's New York unit posting a notice on Dec. 1. The policy ...
Please help improve it or discuss these issues on the talk page. ( Learn how and when to remove these messages ) This article may be confusing or unclear to readers .