equitable mortgage
noun[C]
PROPERTY,LAWukusamortgagethat does notsatisfyall theconditionsof alegalmortgage, butmeansthelendermust use acourtoflawto getpossessionof thepropertyif theloanis notpaidback
Compare
legal mortgage
Examplesofequitable mortgage
equitable mortgage
Under the laws of some jurisdictions, a mere deposit of title documents can give rise to anequitablemortgage.
From
This example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Generally speaking, anequitablemortgagehas the same effect as a perfected legal mortgage except in two respects.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Based on this definition, there are numerous situations which could lead to anequitablemortgage.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Since little turns on this distinction, the term charge is often used to include anequitablemortgage.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.If a legal mortgage is not completed in this manner it will normally take effect as anequitablemortgage.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.If a charge includes this right (such as private sale by a receiver), it is really anequitablemortgage(sometimes called charge by way of mortgage).
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.If you have given anequitablemortgagefor a gambling debt.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
Deeds of the property were deposited at the bank on anequitablemortgage, and he owed more than £20,000 to that bank.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
Exactly the same consequences in common sense ought to follow in the case of anequitablemortgage.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
Everyone knows the difference between a legal mortgage and anequitablemortgage.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
- how-are-you-fixed-for
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