英语词汇“welsh mortgage”的英英意思、用法、释义、翻译、读音、例句、短语、词组-英语词典

Welsh mortgage n. Finance (now historical) a mortgage in which the mortgaged property is conveyed to the creditor, who receives rent and profits in lieu of interest without power of sale, the borrower being able to redeem the property at any time upon payment of the principal.Not confined to property in Wales.

ΘΚΠ

society > law > legal obligation > bond or recognizance > requiring or giving legal security > [noun] > legal security > mortgage > with perpetual right of redemption

Welsh mortgage1726

1726 Cases High Court Chancery I. 418 The Mortgagor agreed the Mortgagee should enter and hold, till he was satisfied; which is in the nature of a Welch Mortgage.

1818 W. Cruise Digest Laws Eng. Real Prop. (ed. 2) II. xv. i. §19 There is another kind of mortgage..called a Welsh mortgage, in which there is a perpetual right of redemption.

1869 Daily News 29 Jan. 7/1 Alluding to a certain Welsh mortgage, which he had called attention to at their last meeting.

1904 New Irish Jurist & Local Govt. Rev. 10 June 220/1 In the case of a Welsh mortgage of the present class liberty of alienation is largely interfered with as the mortgagee has no power of sale under the deed or by statute.

1936 Anglo-Celt (Cavan, Ireland) 21 Mar. 10/2 Mr. Wellwood submitted that the agreement did not come under the head of what was called a ‘Welsh’ mortgage.

1987 Cornell Law Rev. 72 295 By the time of Littleton's Tenures..use of the Welsh mortgage was declining... Creditors did not know when, if ever, the debtor might repay the debt.

单词	welsh mortgage
释义	> as lemmas Welsh mortgage Welsh mortgage n. Finance (now historical) a mortgage in which the mortgaged property is conveyed to the creditor, who receives rent and profits in lieu of interest without power of sale, the borrower being able to redeem the property at any time upon payment of the principal.Not confined to property in Wales. ΘΚΠ society > law > legal obligation > bond or recognizance > requiring or giving legal security > [noun] > legal security > mortgage > with perpetual right of redemption Welsh mortgage1726 1726 Cases High Court Chancery I. 418 The Mortgagor agreed the Mortgagee should enter and hold, till he was satisfied; which is in the nature of a Welch Mortgage. 1818 W. Cruise Digest Laws Eng. Real Prop. (ed. 2) II. xv. i. §19 There is another kind of mortgage..called a Welsh mortgage, in which there is a perpetual right of redemption. 1869 Daily News 29 Jan. 7/1 Alluding to a certain Welsh mortgage, which he had called attention to at their last meeting. 1904 New Irish Jurist & Local Govt. Rev. 10 June 220/1 In the case of a Welsh mortgage of the present class liberty of alienation is largely interfered with as the mortgagee has no power of sale under the deed or by statute. 1936 Anglo-Celt (Cavan, Ireland) 21 Mar. 10/2 Mr. Wellwood submitted that the agreement did not come under the head of what was called a ‘Welsh’ mortgage. 1987 Cornell Law Rev. 72 295 By the time of Littleton's Tenures..use of the Welsh mortgage was declining... Creditors did not know when, if ever, the debtor might repay the debt. extracted from Welshadj.n. < as lemmas
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