Examlex
What type of property should be transferred to heirs at a decedent's death and why? Should estate planning also mean that some property is transferred prior to death? Why?
Restructuring of the Note
Refers to the modification of the terms of a debt obligation to benefit both the lender and borrower, possibly including changes to interest rates, payment schedules, or the principal amount.
Negative Covenants
Restrictions placed on a borrower by a lender, prohibiting certain actions or requiring specific behaviors to protect the lender’s interests.
Affirmative Covenants
Affirmative covenants are conditions set in financial agreements that require the borrower to perform certain actions, ensuring financial stability and protecting the lender's interests.
Affirmative Covenants
Clauses in a loan agreement that require the borrower to perform certain actions to maintain the terms of the loan.
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