Building and Construction Industry Security of Payment Act 2002 — was passed by the Australian State of Victoria to allow for the rapid determination of progress claims under building contracts or sub contracts and contracts for the supply of goods or services in the building industry. This process was designed … Wikipedia
Security interest — A security interest is a property interest created by agreement or by operation of law over assets to secure the performance of an obligation, usually the payment of a debt.[1] It gives the beneficiary of the security interest certain… … Wikipedia
security deposit — n: money provided by a tenant to a landlord to secure performance of a rental agreement or compensate for possible loss or damage Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. security deposit … Law dictionary
security — se·cur·i·ty /si kyu̇r ə tē/ n pl ties 1 a: something (as a mortgage or collateral) that is provided to make certain the fulfillment of an obligation used his property as security for a loan b: surety see also … Law dictionary
security interest — see interest 1 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. security interest … Law dictionary
payment into court — In litigation, the defendant may make an offer that he feels the plaintiff ought to accept. There is a procedure whereby this is paid into court . If the plaintiff thereafter continues the proceedings, but obtains less damages than the amount… … Law dictionary
payment waterfall — United Kingdom Also known as a cash flow waterfall. The pre determined flow of funds and priority of distributions or allocations between or among debt or equity holders specified in intercreditor agreements or security trust arrangements… … Law dictionary
Security for costs — is a common law legal concept of application only in costs jurisdictions, and is an order sought from a court in litigation.The general rule in costs jurisdiction is that costs follow the event . In other words, the loser in legal proceedings… … Wikipedia
security for costs — security for costs: security sometimes required of a party to litigation in order to assure payment of expenses Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. security for costs … Law dictionary
Security — Se*cu ri*ty, n.; pl. {Securities}. [L. securitas: cf. F. s[ e]curit[ e]. See {Secure}, and cf. {Surety}.] 1. The condition or quality of being secure; secureness. Specifically: (a) Freedom from apprehension, anxiety, or care; confidence of power… … The Collaborative International Dictionary of English
