money and financial problems

Marital Settlement Agreement

Allows divorcing spouses to agree to the terms of their divorce. The agreement generally can cover property division, spousal (maintenance) support, child custody and visitation arrangements, and any other issues relevant to the divorcing couple....

Mortgage

Mortgage Law: An Overview

A mortgage involves the transfer of an interest in land as security for a loan or other obligation. It is the most common method of financing real estate transactions. The mortgagor is the party transferring the interest in...

nonrecourse

Nonrecourse refers to a type of debt where the creditor may only look to the collateral to satisfy the unpaid loan, and not the debtor’s personal assets (as with a recourse loan). For example, the Seventh Circuit in Racine v. Commissioner...

Ponzi scheme

A type of investment fraud in which investors are promised artificially high rates of return with little or no risk; original investors and the perpetrators of the fraud are paid off by funds from later investors, but there is little or no actual...

Qualified indorsement (endorsement)

Definition

An indorsement — the placement of a signature on the back of a negotiable instrument — coupled with an additional phrase, e.g. "without recourse" or "for deposit only," limiting the liability of the indorser (signer) in the event the...

Reverse mortgage

A loan given to homeowners in exchange for equity in their homes. The loan does not have to be repaid until the homeowner dies, sells the house, or moves. Under the FHA's reverse mortgage program, homeowners must be at least 62 years of age, own the...

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...

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 Regulations

Section 5 seeks to...

Securities fraud

Securities fraud is the misrepresentation or omission of information to induce investors into trading securities.

Overview

While always actionable under common law fraud, Congress, the Securities and Exchange Commission (...

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