ABEYANCE
An event wherein the rightful owner of an office, property or title is still to be concluded. Abeyance usually occur when the current holder or owner did not declare a single current beneficiary. As an alternative, the way of determining the new owner is through the result of a particular event at some time in the future. The ownership of the office, property or title is left vacant as a result. The word abeyance is derived from "abeance", an old french word which means a gaping or longing, with future expectation.
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Voting Trust Certificate
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Ratio determining the default risk of a potential homebuyer if he would purchase a home using multiple mortgages. In general, creditors are willing ...
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