Collateral Security, Warranty

Collateral Security, Warranty
"Legal Lexicon":
COLLATERAL SECURITY - A separate obligation attached to another contract to guaranty its performance. By this term is also meant the transfer of property or of other contracts to insure the performance of a principal engagement. The property or securities thus conveyed are also called collateral securities.
COLLATERAL WARRANTY - Contracts, Descent. Where the heir's title to the land neither was, nor could have been, derived from the warranting ancestor and yet barred the heir from ever claiming the land, and also imposed upon him the same obligation of giving the warrantee other lands in case of eviction as if the warranty were lineal, provided the heir had assets.
The doctrine of collateral warranty was one of the most unjust, oppressive and indefensible in the whole range of the common law.
By the statute of 4 & 5 Anne, c.16, 21, all collateral warranties of any land to be made after a certain day by any ancestor who has no estate of inheritance in possession in the same, were made void against the heir.
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English-Chinese law dictionary (法律英汉双解大词典). 2013.

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  • security — se·cur·i·ty /si kyu̇r ə tē/ n pl ties 1 a: something (as a mortgage or collateral) that is provided to make certain the fulfillment of an obligation used his property as security for a loan b: surety see also …   Law dictionary

  • collateral — /kalaetsral/ Property which is pledged as security for the satisfaction of a debt. Collateral is additional security for performance of principal obligation, or that which is by the side, and not in direct line. Shaffer v. Davidson, Wyo., 445… …   Black's law dictionary

  • collateral — /kalaetsral/ Property which is pledged as security for the satisfaction of a debt. Collateral is additional security for performance of principal obligation, or that which is by the side, and not in direct line. Shaffer v. Davidson, Wyo., 445… …   Black's law dictionary

  • security — I (New American Roget s College Thesaurus) Guaranty Nouns 1. security, guaranty, guarantee; gage, warranty, bond, tie, pledge, plight, mortgage, debenture, hypothecation, bill of sale, lien, pawn; stake, deposit, earnest, collateral. See promise …   English dictionary for students

  • warranty — A promise that a proposition of fact is true. The Fred Smartley, Jr., C.A.Va., 108 F.2d 603, 606. An assurance by one party to agreement of existence of fact upon which other party may rely. It is intended precisely to relieve promisee of any… …   Black's law dictionary

  • collateral — I (Roget s IV) modif. 1. [Side by side] Syn. parallel, lateral, coordinate, corresponding; see parallel 1 . 2. [Accompanying] Syn. concomitant, corroborative, supporting, ancillary; see affirmative , simultaneous , subordinate . n. Syn. security …   English dictionary for students

  • security — Synonyms and related words: Easy Street, aegis, affluence, aplomb, armament, armor, arrogance, aspiration, assumption, assurance, assured faith, assuredness, asylum, authenticity, authoritativeness, bail, balance, balanced personality, bamboo… …   Moby Thesaurus

  • pledge — 1 / plej/ n 1: a delivery of esp. personal property as security for a debt or other obligation; broadly: the perfection of a security interest in collateral through possession of the collateral by a creditor or other promisee 2 a: property and… …   Law dictionary

  • deposit — I (New American Roget s College Thesaurus) n. precipitate, sediment, dregs, lees; vein; pledge, payment, security. See remainder. II (Roget s IV) n. 1. [Money given as security] Syn. down payment, security deposit, earnest money, partial payment; …   English dictionary for students

  • mortgage — n 1.Law. pledge, guaranty, warranty, security, collateral security. 2. bond, debenture, debenture bond, mortgage debenture, lien, mortgage instrument. v 3. obligate, pledge, hypothecate, put up for security, place under lien, Inf. hock …   A Note on the Style of the synonym finder

  • guarantee — 1. noun 1) all repairs have a one year guarantee Syn: warranty 2) a guarantee that the hospital will stay open Syn: promise, assurance, word (of honor), pledge, vow, oath, bond, commitment, covenant 3) …   Thesaurus of popular words

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