Collateral

Collateral

NOUN

[MASS NOUN] Something pledged as security for repayment of a loan, to be forfeited in the event of a default:she put her house up as collateral for the bank loan.
2  A person having the same ancestor as another but through a different line.

Private Property

Commercial lien

Common-law liens are divided into special liens and general liens. A special lien, the more common kind, requires a close connection between the property and the service rendered.  A special lien can only be exercised in respect of fees relating to the instant transaction; the lienee cannot use the property held as security for past debts as well.  Continue reading 

The state via the family court and child protection agency stand in loco parentis to the minor, making all legal decisions while the foster parent is responsible for the day to day care of said minor. The foster parent is remunerated by the state for their services.

Tags: collateral, family, property

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