Financial Terms Canada - encumbrance
an onerous or difficult concern; "the burden of responsibility"; "that''s a load off my mind"
a charge against property (as a lien or mortgage) ...
- Any claim, lien, charge or liability attached to and binding on real property that may le...
S - Obligations in the form of purchase orders, contracts or salary commitments that are cha...
END LENDER - See permanent lender.
Committing money for a specific purchase or service before payment is actually made, such as a purchase order, internal service request, etc. Encumbered funds are not available for use by the organization.
Film Log Request ...
(1) MORTGAGE or other lien on the entity's ASSETS; (2) Anticipated EXPENDITURE; (3) Uncompleted or undelivered portion of a purchase commitment.
Anything that affects or limits the title to a property, such as a lien, mortgage, or other financial claim against a property.
Claim or lien or interest in a property that complicates the title process, interfering with its use or transfer. Restrictive covenants.
Encumbrance - Any right to or interest in land that diminishes its value. Includes outstanding mortgage loans, unpaid taxes, easements, deed restrictions, mechanic's liens and leases.
Equity is the difference between the price for which a property could be sold and the total debts registered against it.
An account in which the estimated amount of expense or expenditure that the organization has contracted for is recorded when goods are ordered.
Encumbrance system ...
Anything that has a legal claim over a property and which affects the ownership of that property often a mortgage.
Encumbrance - A claim on property, such as a mortgage, a lien for work and materials, or a right of dower. The interest of the property owner is reduced by the amount of the encumbrance.
Obligations in the form of purchase orders, contracts or salary commitments that are chargeable to an appropriation and for which a part of the appropriation is reserved.
Encumbrance: anything that affects title to a property, such as loans, leases, easements, or restrictions.
A right, other than an ownership interest, in real property.
The term "" includes mortgages and other liens on real property.
ENCUMBRANCE - A reservation of an expenditure authority for an obligation in the form of purchase orders or contracts. An encumbrance represents a commitment. It is not an expenditure.
ENDOWMENT - Refer to PERMANENT FUNDS.
- A liability (e.g.. a mortgage is an on a property). Also, any money set aside (i.e. reserved) for any purpose.
in government accounting, commitments related to unfilled contracts for goods and services including purchase orders. The purpose of encumbrance accounting is to prevent further expenditure of funds in light of commitments already made.
A lien, charge or liability against a property.
Equal Credit Opportunity Act ...
In working with budgets, especially budgets of governmental units, one may encounter an encumbrance. An encumbrance is a budgetary restriction occurring in advance of a related expenditure.
A claim against a property by another party. usually impacts the transferability of the property and can restrict its free use until the encumberance is removed.
Any claim or encumbrance, usually discovered in a title search, that may impair the title to a property, and make its validity questionable. See: bad title.
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Personal Finance Glossary ...
An interest or held by a creditor in a debtor's real or personal property for the satisfaction of a debt.
Lien. A type of encumbrance that makes designated property security for a debt or for an obligation. For example, a mortgage or a tax judgment.
title A statement usually prepared by an attorney that traces the history of ownership of real property to determine the status of its present title, and includes all items of record that might impair the title, such as liens, charges or s.
The purpose of Searches are to establish whether there are any encumbrances, or other disabilities or concerns which may unavailable for sale, adversely affect the value of the property, ...
An does not legally prevent transfer of the property to another.
It is also common for due diligence in a commercial property transaction to include securing a title insurance policy regarding the ownership of the property and the encumbrances to which it is subject, ...
predetermined value; the company giving a guarantee or taking on an (debt) of a certain value; the sale, transfer, lease, or licensing of any of the assets of the company other than in the ordinary course of business; ...
Lien : A form of encumbrance which usually makes property security for the payment of a debt or discharge of an obligation. Examples would include: judgments, taxes, mortgages, deeds of trust, etc. ...
Load Verb Synonyms: weight, burden, onus, pressure, , millstone, cross, albatross, responsibility, care, anxiety, worry, trouble
Load Noun Synonyms: pack, pile, stack, heap, fill, lade, stuff, cram, jam, squeeze
Cloud on title - Any document, claim, unreleased lien or encumbrance that may impair the title to real property or make the title un-insurable by a Title Company.
A mortgage is generally publicly recorded in the county where the property is located, creating an on the title called a lien. The word mortgage is more commonly used to mean any loan for real estate.
Covenant of Seisin & Covenant of Right to Convey - Covenants that represent the seller's promise that he has title and possession and can validly grant or convey both
Covenant Against Encumbrances - Seller promises that there are no encumbrances, ...
See also: Transaction, Expense, Saving, Agency, Banks