Tooltip Categories: Economics & Finance

notice of default

A notice to a borrower with property as security under a mortgage or deed of trust that he/she is delinquent in payments. If the delinquency

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notorious insolvency

Notorious insolvency is that which is designated by some public act, by which it becomes notorious and irretrievable, as applying for the benefit of the

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novate

To replace an obligation to perform with a new obligation; or to replace a party to an agreement with a new party.

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notify

To give notice to.(source: thefreedictionary.com   )

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notarial act

Action performed by a notary public in his or her official capacity, such as in authenticating a document by witnessing it and placing the notarial

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notary

A public officer who attests or certifies deeds and other writings, or copies of them, usually under his official seal, to make them authentic, especially

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note payable

A document stating that a borrower has promised to repay some debt on or by some future date. It is listed as a liability on

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notice

Advance notification of intention to end an arrangement, contract, etc, as of renting or employment. (source: http://www.wordreference.com/definition/notice

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nongovernmental organization [NGO]

Voluntary group of individuals or organizations, usually not affiliated with any government, that is formed to provide services or to advocate a public policy. Although

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nonprofit organization [NPO]

A corporation or an association that conducts business for the benefit of the general public without shareholders and without a profit motive. Nonprofits are also

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