This phrase is used when transferring property where the new owner agrees to assume to mortgage and secure the former owner against loss.
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T
TO BE ANNOUNCED (TBA)
A mortgage that trades as a when issued security. Its presence is announced but the price is not decided yet.
TO BE MODEL
Model resulting from incorporating improvements to the current one.
TO DO TIME
a slang term for serving time in jail.
TO HAVE AND TO HOLD
The words in a conveyance which show the estate intended to be conveyed. Thus, in a conveyance of land in fee-simple, the grant is to “A. and his heirs, to […]
TO KNOWINGLY MISREPRESENT
to intentionally falsify facts to gain something for your own benefit or to defraud.
TO ORDER BILL OF LADING (B/L)
B/L drawn ‘To order’ of the consignee and is a negotiable title instrument .
To tax;
to lay a tax or tribute. Spelman. In old English practice. To assess; to rate or estimate; to moderate or regulate an assessment or rate.
TO WIT
the term that means namely or that is to say.
TO-WIT
That is to say; namely; scilicet; videlicet.
TOALIA
In feudal law. A towel. There is a tenure of lands by the service of waiting with a towel at the king’s coronation. Cow- ell. TOBACCONIST. Any person, firm, or […]
TOBACCO SALES WAREHOUSES COVERAGE FORM
Commercial form covering operations of tobacco warehouses.
TOBIN
A ratio expressing the earnings needed. If below a 1 it needs more cash flow if above a 1 it is doing well on its return rate.
TOBIN’S ‘Q’ THEORY
Theory in Economics of behaviour of an investment where ‘Q’ is the ratio of market value to replacement cost of share capital .
TOBY
Originally a nickname for the wild Irish in Ulster. Afterwards given to, and adopted by, one of the two great parliamentary parties which have alternately governed Great Britain since the […]
TOFT
A place or piece of ground on which a house formerly stood, which has been destroyed by accident or decay. 2 Broom & II. Comm. 17.
TOFTMAN
In old English law . The owner of a toft. Cowell; Spelman.
TOGATI
Lat. In Roman law. Advocates ; so called under the empire because they were required, when appearing in court to plead a cause, to wear the toya, which had then […]
TOKEN
A sign or mark; a material evidence of the existeuce of a fact. Thus, cheating by “false tokens” implies the use of fabricated or deceitfully contrived material objects to assist […]
TOKEN RING NETWORK
Single channel, high speed base band local area network or LAN architecture eliminating problems of colliding data by using packets, called tokens, of control messages.
TOKYO INTERBANK OFFERED RATE (TIBOR)
An offer to deposit into the Tokyo market. It is used as a reference.
TOKYO STOCK EXCHANGE (TSE)
Stock and derivative exchange of Japan with offices in London, New York and Singapore going back to 1878.
TOKYO STOCK PRICE INDEX (TOPIX)
An index of all the stock on the Japanese stock exchange . It is subdivided by size and industry.
TOLERABILITY
Cost level or accepted risk to achieve an objective.
TOLERANCE
1. General. Departure allowed from a standard that won’t effect a process over its life cycle. 2. Engineering . Capability of a system that can withstand high stress levels without […]
