Fraudulent transfer or conveyance, in a bankruptcy case, means a transfer of property to another for less than the property's value for the purpose of hiding the property from the bankruptcy trustee; for instance, when a debtor signs a car...
banking
futures contract
A futures contract is a contract between two parties for the purchase of a specified commodity at a predetermined future date and price. The Commodity Futures Trading Commission (CFTC) oversees futures contracts in the United States. Many...
good faith estimate (GFE)
Good Faith Estimate (GFE) was a form that the Real Estate Settlement Procedures Act required lenders of home loans to provide to borrowers within three days of a loan application. A GFE includes estimates of all the fees or “closing costs” of...
grace period
A period of time during which a debtor is not required to make payments on a debt or will not be charged a fee. For example, most credit cards offer a grace period of 20 to 30 days before interest is charged on purchases; as long as you pay...
guarantee
A guarantee can be defined as a person or entity to whom a guaranty is made. A guarantee is entitled to receive the payment as a creditor to whom a guaranty is made. A guarantee holds the right to receive payment as a creditor first from the...
guaranteed signature
Guaranteed signature is a process of identity verification often used in the financial industry when transferring securities that are held in a physical document. Often, buyers and brokers alike require a guaranteed signature for purchasing...
gun jumping
Gun jumping refers to unlawful activities by a company awaiting regulatory approval for a transaction. The term arises in the context of (1) securities regulation and (2) anti-trust regulation.
(1) Gun jumping in Securities Regulation...holder in due course
A holder in due course is any person who receives or holds a negotiable instrument such as a check or promissory note in good faith and in exchange for value; without any notice or suspicion that it is overdue or was previously dishonoured....
hypothecate
Hypothecate means to pledge something as security for a loan, without the actual delivery of the item pledged. For example, a car may be collateral for a car loan, although possession remains with the borrower.
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improvement
In property and real estate law, an improvement is any positive permanent change to land that augments the property’s value. An improvement will cause positive change to the land, increase the value, and will allow the landowner to make...