| Statutory Definitions |
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mortgage In this section the word "mortgage" includes any charge on any property for securing money or money's worth.
ACT 166 - LEGAL PROFESSION ACT 1976
115. Advocate and solicitor entitled to costs of negotiation of mortgagor. |
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mortgage "mortgage" means a security by way of mortgage for the payment of any definite and certain sum of money advanced or lent at the time, or previously due or foreborne to be paid, being payable, or for the repayment of money to be thereafter lent, advanced or paid, or which may become due upon an account current, together with any sum already advanced or due, or without, as the case may be; and includes- (a) any conveyance of any property in trust to be sold or otherwise converted into money intended only as a security, and redeemable before the sale or other disposal thereof either by express stipulation or otherwise; (b) any instrument in writing for defeating or making redeemable, or explaining or qualifying any conveyance of property, apparently absolute, but intended only as a security; (c) any agreement for a mortgage or any agreement (other than an agreement chargeable with duty as an equitable mortgage), contract, or bond accompanied with a deposit of title deeds or with other instruments evidencing a right to property, for making a mortgage or any other security or conveyance as aforesaid of any property comprised in the title deeds or other instruments or for pledging or charging the same as a security; and (d) any deed operating as a mortgage of any stock or marketable security;
ACT 378 - STAMP ACT 1949 (CONSOLIDATED AND REVISED 1989)
2. Interpretation. |
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See Also: Translator EN-BM |