redemption manual 4.5 edition

Moral Law :The law of conscience ; the aggregate of those rules and principles of ethics whichrelate to right and wrong conduct and prescribe the standards to which the actionsof men should conform in their dealings with each other. (Black's 4th)Mortgage :An estate created by a conveyance absolute in its form, but intended to secure theperformance of some act, such as the payment of money, and the like, by thegrantor or some other person, and to become void if the act is performed agreeablyto the terms prescribed at the time of making such conveyance .A conditional conveyance of land.A tra nsfer of property passing conditionally as security for debt.A debt by specialty, secured by a pledge of lands, of which the legal ownership isvested in the creditor, but of which, in equ ity, the debtor and those claiming underhim remain the actual owners, until deba rred by judicial sentence or their ownlaches.The foregoing definitions are applicable to the common-law conception of amortgage. But in many states in modern times, it is regarded as a mere lien, andnot as creating a title or estate . It is a pledge or security of particular property forthe payment of a debt or the performance of some other obligation, whatever formthe tra nsaction may take, but is not now regarded as a conveyance in effect,though it may be cast in the form of a conveyance. (Black's 4th)Municipal Bonds :Evidences of indebtedness issued by cities or other corporate public body,negotiable in form, payable at designated future time, and intended for sale inmarket with object of raising money for municipal expense, which is beyondimmediate resources of reasonable taxation, as distinguished from temporaryevidences of debt, such as vouchers, certificates of indebtedness, orders, or draftsdrawn by one officer on another and similar devices for liquidating currentobligations in anticipation of collection of taxes. (Black's 4th)Municipal Warrants :A municipal warrant or order is an instrument, generally in the form of a bill ofexchange, drawn by an officer of a municipality upon its treasurer, directing him topay an amount of money specified therein to the person named or his order, or tobearer. (Black's 4th)National Debt :The money owing by government to some of the public, the interest of which ispaid out of the taxes raised by the whole of the public. (Black's 4th)Natural Law :This expression "natural law," or jus naturale, was largely used in the philosophicalspeculations of the Roman jurists of the Antonine age, and was intended to denoteREDEMPTION MANUAL - FOUR POINT FIVE EDITION 626