encumbrance


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encumbrance

, incumbrance
Law a burden or charge upon property, such as a mortgage or lien

encumbrance

A restriction on the use of real property, or an obligation to make a payment which is secured by real property and which does not prevent its conveyance.
References in periodicals archive ?
The PRA's approach is permitted under the European Banking Authority's guidelines for encumbrance disclosure which specifically envisages an exemption for liquidity assistance provided by central banks via collateral swaps.
said that Armavia cannot return the jet as it is under encumbrance by one of the Armenian banks.
Alternatively, Congress could increase the basis of an encumbered asset by the difference between the decedent's carryover basis and the encumbrance (whenever debt exceeds basis) and reduce the $1.
Rather, he allows his body to be what it is, what in fact all bodies are--an encumbrance, a partly disgusting, partly lovable "thing" that is both him and not-him.
The partnership will deliver a complete procurement solution for K-12 schools, enabling school districts to complete each stage of the process electronically, from bidding, quoting, and initial requisitioning through fund encumbrance, liquidation, purchase orders and payment.
The largest NPO of them all, the federal government, uses a cash basis for accounting, which is at the other end of the spectrum from "normal" encumbrance accounting.
Mortgagors (typically property sellers) may request that the encumbrance be transferred onto other properties they own.
Fitch Ratings says that banks' overall cover pool encumbrance remained broadly stable in 2012 compared with 2011 in an update of its report on covered bonds- related encumbrance.
That ruling means that the city would have to prove there is available commercial space within the specified zone, which is too much an encumbrance,'' Newton said.
This time, it's collapsed, unraveling, burrowing out of its studio--gorgeous, but also an encumbrance, a kind of Gregor-the-cockroach object that exceeds description: titanic stuff.
Absent an encumbrance, a contribution of property would not be prohibited.