what is promissionary note?
459242
An agreement to pay with the stipulations.
217314
"Letter of Credit" and 'Trust Receipt" both are separate segments of finances in banking language. If you establish a Letter of Credit for the import of goods that will be called "non-fund based finance".  But when the goods has arrived and you intend to get this consignment released from the port without making payment to the bank for reimbursement to the shipper the bank will pay the price of goods to the shipper by allow you "fund based finance" equivalent to the amount paid by the bank to the shipper. It will lend you "Trust Receipt Finance" without taking the goods into its custody/pledge.  But such finances are mostly lended to the trustworthy customers against tangible securities amicably agreed. The bank in such cases issues delivery orders to the shipping companies in your favor.
497647
A memo is simply a note unless you are talking about some kind of software. See link below for instruction.
758980
Can't be bothered to type it all out....just look here...\nhttp://www.guardian.co.uk/notesandqueries/query/0,5753,-21570,00.html
730228
It means to carry through with an agreement.\nI agree to pay for a car, and the finance company wants me to "hold up to my end of the bargain" by making the payments.
123835
a mortgage or mortgage note is the security instrument tying the real estate to the debt instrument itself, if you are in a 'mortgage' state. If your state only recognizes a DEED OF TRUST, that may be called a 'mortgage deed' in your state--I don't know-- but it accomplishes the same thing. [The NOTE or PROMISSORY NOTE then describes the loan terms specifically, and a DEED is what actually conveys ownership or title from one party to another.]
727206
Did you mean "promiscuous"?
158162
The seller of the property carry's the note and acts as the bank.
756098
A little help:\n\nFrustration\n\nIn the law of contracts, the destruction of the value of the performance that has been bargained for by the promisor as a result of a supervening event.\n\nFrustration of purpose has the effect of discharging the promisor from his or her obligation to perform, in spite of the fact that performance by the promisee is possible, since the purpose for which the contract was entered into has been destroyed. For example, an individual reserves a hall for a wedding. In the event that the wedding is called off, the value of the agreement would be destroyed. Even though the promisee could still literally perform the obligation by reserving and providing the hall for the wedding, the purpose for which the contract was entered into was defeated. Apart from a nonrefundable deposit fee, the promisor is ordinarily discharged from any contractual duty to rent the hall.\n\nIn order for frustration to be used as a defense for nonperformance, the value of the anticipated counterperformance must have been substantially destroyed and the frustrating occurrence must have been beyond the contemplation of the parties at the time the agreement was made.\n\nFrustration Quotes: \n\nI am as frustrated with society as a pyromaniac in a petrified forest. - A. Whitney Brown\n\nEvery thought derives from a thwarted sensation. - E. M. Cioran\n\nThe torment of human frustration, whatever its immediate cause, is the knowledge that the self is in prison, its vital force and mangled mind leaking away in lonely, wasteful self-conflict. - Elizabeth Drew\n\nIt is the awareness of unfulfilled desires which gives a nation the feeling that it has a mission and a destiny. - Eric Hoffer\n\nI feel as if I were a piece in a game of chess, when my opponent says of it: That piece cannot be moved. - Soren Kierkegaard\n\nIt is misery, you know, unspeakable misery for the man who lives alone and who detests sordid, casual affairs; not old enough to do without women, but not young enough to be able to go and look for one without shame! - Luigi Pirandello\n\nFrustration of purpose is a term used in the law of contract to describe a defense to an action for non-performance based on the occurrence of an unforeseen event which makes performance impossible, illegal or vastly different from what was originally intended. A common situation is that the subject matter of the contract - a house or a car for example - is unintentionally destroyed.\n\nGenerally, the non-performance is not excused. If the seller retained the risk of loss from damage or destruction, then the non-performance will likely be excused. However, if it is the buyer who carries the risk of loss, performance will not be excused. A seller will not be excused for nonperformance of an agreement to deliver a commodity. For example, if A agrees to sell B 100 bushels of corn, and A's own crops are destroyed in an accident, A is still contractually obliged to sell B 100 bushels of corn because A can still obtain the corn elsewhere for the sale.\n\nFrustration of purpose also arises as a defense where one party to the contract dies, if that party was uniquely necessary to the performance of the contract. Passage of a subsequent law that makes performance illegal will also excuse nonperformance under this doctrine.\n\nThe leading case in English law on the subject is the famous 1903 case of Krell v. Henry, which concerned a party who had rented a room for the purpose of watching the coronation procession of Edward VII.\n\nFrustration of purpose is distinguishable from the doctrine of impossibility/impracticability in that frustration of purpose is typically used by the buyer and Impossibility is used by the seller.
627399
79.1050. (1) In -ORS 79.1010- to 79.5070 and 79.8010 unless the\ncontext otherwise requires:\n  (a) 'Account debtor' means the person who is obligated on an\naccount, chattel paper or general intangible.\n  (b) 'Chattel paper' means a writing or writings which evidence\nboth a monetary obligation and a security interest in or a lease\nof specific goods. When a transaction is evidenced both by such a\nsecurity agreement or a lease and by an instrument or a series of\ninstruments, the group of writings taken together constitutes\nchattel paper.\n  (c) 'Collateral' means the property subject to a security\ninterest, and includes accounts and chattel paper which have been\nsold.
515464
It just means that, instead of getting a bank loan or paying for the whole thing in cash, that the seller of the property is allowing you to sign a note saying that you will pay them for the property over time.  The terms are usually similar to those on a bank mortgage but the rate is often higher, simply because owner financing is usually used by borrowers who can't get conventional bank financing for some reason.)  Seller financing can be in the form of a contract, which is kind of like a rent-to-own agreement in that title to the property doesn't transfer to the buyer until the contract is paid in full.  Or title can transfer and the buyer will sign a promissory note to the seller and grant the seller a mortgage or deed of trust, which places a lien on the property until the note is paid off.
936411
When you purchased the property did your mortgage include the lot as part of the collateral for the note? If so did your mortgage contain a partial release clause? If the lot did not get put in as collateral in the mortgage to cover the note then you're free to sell it. However if it is part of the mortgage you need to go back to the lender and try to negotiate a partial release for the lot upon full payment of some sort. If you try to sell the lot and it is part of the original mortgage then the entire note will be due.\nBuena Suerte
978729
There are companies that purchase mortgage notes. However, I believe that you must be in first position. Check out this site\nwww.aandgnotepurchasers.com
512139
demand draft is a writeen document like a cheque in which the amount to be paid and the persons name is written the person can put it in clearing and get it credited in his account it is made by giving cash and bank charges a comission for it it can also be credited directly to ur account if u have account in the bank
1098624
Say you do something nice for somebody, you will have potentially gained some 'brownie points', meaning that at some time in the future, near or far, that person will either repay the favour or look upon you more favourably or even perhaps forgive you for an indescretion. They arn't actual points that you write in a book or anything, they're hypothetical. Try earning some today, they are often worth much more than money!
781878
There are three major instruments of concern here. \n\nThe instrument of title, which is the deed, \nThe instrument of debt, which is the Promissory Note\nand\nThe instrument of security, the Mortgage, tying the Note to the Deed. \n\nNow, if you're only on the Deed, there's not a lot to executing a QuitClaim Deed to your son. \n\nIf you are also on a Mortgage, that by itself doesn't really doesn't matter much, as the mortgage alone does not make it your personal obligation, so the Deed takes care of that as far as you are concerned.  You should list in the QCD "subject to the existing mortgage to X filed in book Y at page Z", although it's not strictly speaking necessary. \n\nHowever... if you signed the Promissory Note, signing a QuitClaim Deed will still leave you personally liable if the debt is not paid.  It is possible that they would release you from the Note, if the Loan to Value ratio is low enough, but there's no real reason they should.  \n\nIf they're not going to do that, you'd be unwise to give away your right to the secured property. \n\nThe way to get your name cleared from the debt is if your son re-finances, and then you'd be safe signing a QCD at the same time.
772891
The seller.\nA letter of credit is an irrevocable payment undertaking of an issuing bank issued to a beneficiary upon request of an applicant for supply of goods, services or performance with documents stated in the letter of credit presented to the issuing bank, a nominated bank or confirming bank, if any, within the expiry date of the letter of credit or within a stated number of days after shipment, where applicable, in full compliance with the terms and conditions of the letter of credit, the applicable UCP and international standard banking practice. It is a legally enforceable obligation or undertaking on the part of the issuing bank and is not a contract (although it is sometimes mistakenly referred to as such).\n\nFor further explaination and examples, refer to the following site:\nhttp://en.wikipedia.org/wiki/Letter_of_credit