0
If more than one loan is secured on the property, the lender with the first charge has the first call on the property if the borrower defaults on the loan.
the primary mortgage or loan secured against a property which takes precedence over all other finance secured against it.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What is the difference between first pari passu charge and second pari passu charge?
In law, the difference between the first pari passu charge and second pari passu charge is the that the first charge means it is a simultaneous charge in favor of more than one person or lender and equal in all respects. The second charge would is subordinate to the first and is in favor of the previous person or lender.
Who issued the first charge card?
That's difficult to determine, as oil companies were issuing charge cards for gasoline purchases as far back as the 1920's. Aside from those, I believe the first charge card was Diner's Club in 1950.
What should be the first step in calculating a monthly credit finance charge?
change the percent to a decimal
What should be the first step in calculating a monthly credit card finance charge?
change the percent to a decimal
Does the first credit card charge a fee for late payments?
All credit card companies charge a fee for late payments ! It serves two purposes... first - it's a subtle reminder to the card-holder, to prompt you to make the payment in plenty of time for it to be processed. Second - it generates extra income for the card company !
What is the difference between first pari passu charge and second pari passu charge?
In law, the difference between the first pari passu charge and second pari passu charge is the that the first charge means it is a simultaneous charge in favor of more than one person or lender and equal in all respects. The second charge would is subordinate to the first and is in favor of the previous person or lender.
How long does it take to charge your Motorola rival for the first charge?
24 hr.
How long does it take for your ipod touch to charge the very first time?
It shouldn't take long, you have to plug it into Itunes first and it should already have some charge at first!
Can a landlord in Connecticut charge first last and a security deposit?
Yes, a landlord in Connecticut can charge first, last, and a security deposit to renter.
How long should you charge your you touch for the first time?
Leaving it to charge for around 3 hours will guarantee a full 100% charge.
How long do you charge your iphone4s for the first time?
Charge it all the way till it's full
When was Master Charge first issued?
The 1970s saw the birth of Master Charge, which became MasterCard.
Can you as a first offender be around a gun in the home?
For a felony charge or any domestic violence charge, no.
What you do first time you use rechargeable battery?
Fully charge the battery before its first use. The first 3 or 5 cycles try to fully drain and fully charge the battery.
How is a battery charge dropped if it's your first charge?
Sorry, but I do not understand your question. Please rephrase the question.
Will you go to jail for a first time charge for a having a gun in the car unloaded?
It depends on where you are and what the exact charge is.
Who is in charge of the FBI now and who was the first in charge of the FBI?
John Edgar Hoover was the first director of the FBI and today the director is Robert S. Mueller, III.
