Fully Paid
In relation to a company, when a share is issued, the person applying for it must pay to the company, in cash or equivalent value, the amount of its nominal value together with any premium required by the company.
Expanded Legal Definition of WaterboardingWatered Stock Shares in a corporation which is stated to be, or issued as fully paid but which in fact, has not been paid for.
Assets are items owned by the business, whether fully paid for or not. These items can range from cash-the most liquid of all assets-to inventories, equipment, patents, and deposits held by other businesses.
Shares may not be made payable "to bearer" until fully paid up (Art. 166). A company may issue debentures if this is agreed to by a certain majority (Art. 172).
Balloon Mortgage A mortgage that is not fully paid off over the loan term (such as five, seven, or ten years), leaving a balance at the end. The borrower must either pay off the remaining mortgage or refinance the loan.
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satisfaction of mortgage
n. a document signed by a lender acknowledging that a mortgage has been fully paid. It must be recorded with the Recorder of Deeds to clear the title to the real property owned by the person who paid off the debt.
Acknowledgment of Satisfaction of Judgment: A court form that the judgment creditor must fill out, sign, and file with the court when the judgment is fully paid.
A claim imposed by the federal government to liquidate a person's property until the tax and debt owed is fully paid.
Tenant
A person who pays rent for the right to use property that is owned by someone else.
: a sale in which the seller extends credit to the buyer to purchase the item and takes a security interest in the item with the buyer receiving title when the debt has been fully paid off
compare absolute sale in this entry ...
 See also: State, Issue, Share, Information, Company
  
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