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In which case was it made clear that although a mortgagee should not generally be kept out of their money, section 15 Trusts of Land and Appointment of Trustees Act 1996 does not prioritise the needs of the mortgagee and this principle is just one consideration that the courts should take into account?
Present Value
The present financial value of a future money amount or stream of cash flows, calculated using a specific rate of return.
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The amount of cash a company generates after all its expenditures, both operational and capital in nature, have been paid off within a fiscal year.
Average Rate of Return
A financial metric used to calculate the average annual return on an investment or project over its lifetime.
Total Income
The sum of all earnings or revenues generated by an individual or entity within a specific period.
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