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Consider a potato farmer whose cost of production is $2.25 a bushel.In May,she expects that the potato when harvested in July will sell for either $2 a bushel or $3.00.She could avoid the probability of a loss by contracting to deliver the potatoes in July at $2.50.Such a contract is traded in a
Distrain
The right to seize someone's property in order to compel payment of debts or obligations.
Default
Failure to fulfill a legal obligation or agreement, commonly referring to the inability to make timely payments on a loan.
Payment of Rent
The act of providing monetary compensation typically on a monthly basis, by a tenant to a landlord, for the use of property such as residential housing or commercial space.
Exclusive Possession
The right of a tenant or lessee to use and control a property to the exclusion of others, including the landlord.
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