See: revocation.
[Last updated in June of 2024 by the Wex Definitions Team]
money and financial problems
roll over
Rollover means to extend a particular financial agreement.
In the context of retirement accounts, rollover often refers to transferring funds from one Individual Retirement Account (IRA) to another traditional IRA or Roth IRA, or from...Rule 144A
Rule 144A (formally 17 CFR § 230.144A) is a Securities Exchange Commission (SEC) regulation that enables purchasers of securities in a private placement to resell their securities to qualified institutional buyers (QIBs) under certain...
satisfaction of mortgage
A satisfaction of mortgage is a document that proves the borrower has paid off the mortgage in full, freeing the loan's lien on the property and giving the title to the borrower. The facts of the mortgage loan, conditions relieving the lender...
Section 11
Section 11 refers to Section 11 of the Securities Act, formally 15 U.S.C. § 77k, which allows purchasers of a security in a public offering to bring a civil action against the issuer, underwriter, or anyone who signed or helped prepare the...
Section 5
Section 5 commonly refers to Section 5 of the Securities Act, formally 15 U.S.C. § 77e, which requires issuers to file a registration statement when publicly offering securities.
Section 5 RegulationsSection 5 seeks to...
secured debt
Secured debt is a creditor’s claim that is secured by a lien on the debtor’s property. This lien can be established either by the debtor’s agreement or involuntarily through a court judgment or tax obligation.
Some examples...
secured party
A secured party is a person or entity in whose favor a security interest is created or provided for under a security agreement, regardless of whether an obligation to be secured is currently outstanding.
For example, a...
secured transactions
Secured Transactions Law: An Overview
Secured transaction law governs the creation, perfection, priority, and enforcement of security interests in personal property. This area of law provides lenders with a legal mechanism to secure their...
securities
Securities Law: An Overview
Securities law exists because of unique informational needs of investors. Securities are not inherently valuable; their worth comes only from the claims they entitle their owner to make upon the assets and...