Examlex
On April 1, 10,000 shares of $20 par common stock were issued at $24.Illustrate the effects on the accounts and the financial statements.
Power of Sale
A legal clause found in mortgages or deeds of trust that gives the lender the right to sell the property without court supervision if the borrower defaults.
Unregistered Mortgage
is a mortgage loan that has not been formally recorded with the appropriate government registry, potentially affecting its legal enforceability.
Registered Mortgage
A legal document that secures a loan with real estate, ensuring it is registered in official records.
Priority
The state of being considered more important or urgent than other matters or claims.
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