secondary obligation
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obligation — A generic word, derived from the Latin substantive obligatio, having many, wide, and varied meanings, according to the context in which it is used. That which a person is bound to do or forbear; any duty imposed by law, promise, contract,… … Black's law dictionary
Obligation — • Defined in the Institutes of Justinian as a legal bond which by a legal necessity binds us to do something according to the laws of our State Catholic Encyclopedia. Kevin Knight. 2006. Obligation Obligation … Catholic encyclopedia
Secondary education — is the stage of education following primary education. Secondary education includes the final stage of compulsory education and in many countries it is entirely compulsory. The next stage of education is usually college or university. Secondary… … Wikipedia
Secondary mortgage market — The secondary mortgage market is the market for the sale of securities or bonds collateralized by the value of mortgage loans. The mortgage lender, commercial banks, or specialized firm will group together many loans and sell grouped loans as… … Wikipedia
secondary party — A party to an instrument but under a secondary liability. A guaranty of payment endorsed on a note, while creating an absolute obligation to pay, does not make the guarantor a primary party, and since his liability is secondary, he is released by … Ballentine's law dictionary
Secondary Liability — A type of legal obligation where one party assumes legal responsibility for the actions of another party. There are essentially two types of secondary liability: vicarious liability and contributory liability. Vicarious liability exists under the … Investment dictionary
secondary liability — The liability on an instrument of any person who is not primarily liable thereon. 11 Am J2d B & N § 525. The liability of one of two tortfeasors liable to the same injured person of such nature in reference to the liability of the other… … Ballentine's law dictionary
supporting obligation — A letter of credit right or secondary obligation that supports the payment or performance of an account, chattel paper, document, general intangible, instrument, or investment property. A category of personal property collateral defined by the… … Financial and business terms
Private equity secondary market — In finance, the private equity secondary market (also often called private equity secondaries or secondaries) refers to the buying and selling of pre existing investor commitments to private equity and other alternative investment funds. Sellers… … Wikipedia
Collateralized fund obligation — A collateralized fund obligation (CFO) is a form of securitization involving private equity fund or hedge fund assets, similar to collateralized debt obligations. CFOs are a structured form of financing for diversified private equity portfolios,… … Wikipedia
