- collateral covenant
- A covenant in a decd which does not relate to the grant. See collateral contract.
Ballentine's law dictionary. Anderson, W.S.. 1998.
collateral covenant
Look at other dictionaries:
collateral — /kalaetsral/ Property which is pledged as security for the satisfaction of a debt. Collateral is additional security for performance of principal obligation, or that which is by the side, and not in direct line. Shaffer v. Davidson, Wyo., 445… … Black's law dictionary
collateral — /kalaetsral/ Property which is pledged as security for the satisfaction of a debt. Collateral is additional security for performance of principal obligation, or that which is by the side, and not in direct line. Shaffer v. Davidson, Wyo., 445… … Black's law dictionary
covenant — cov·e·nant / kə və nənt/ n 1: an official agreement or compact an international covenant on human rights 2 a: a contract in its entirety or a promise within a contract for the performance or nonperformance of a particular act a covenant not to… … Law dictionary
covenant — /kavanant/ An agreement, convention, or promise of two or more parties, by deed in writing, signed, and delivered, by which either of the parties pledges himself to the other that something is either done, or shall be done, or shall not be done,… … Black's law dictionary
covenant — /kavanant/ An agreement, convention, or promise of two or more parties, by deed in writing, signed, and delivered, by which either of the parties pledges himself to the other that something is either done, or shall be done, or shall not be done,… … Black's law dictionary
collateral covenants — inherent and collateral covenants The former being such as immediately affect the particular property, while the latter affect some property collateral thereto or some matter collateral to the grant or lease. A covenant inherent is one which is… … Black's law dictionary
collateral covenants — inherent and collateral covenants The former being such as immediately affect the particular property, while the latter affect some property collateral thereto or some matter collateral to the grant or lease. A covenant inherent is one which is… … Black's law dictionary
Collateral assurance — Of non legal obligations, collateral assurance is a bond made over and beyond the deed itself, for the performance of an agreement, or covenant, made between two individuals; so called, for being external, and without the nature and essence of a… … Wikipedia
Covenant-Lite Loans — A type of loan whereby financing is given with limited restrictions on the debt service capabilities of the borrower. The issuance of covenant lite loans means that debt is being issued, both personally and commercially, to borrowers with less… … Investment dictionary
collateral contract — A contract prior to, or contemporaneous with, a deed, which, if not incorporated in the deed, is not effective to limit the estate conveyed or bind directly the use of the property ineluded in the grant, but may be given effect as a personal… … Ballentine's law dictionary
