Dation 2025

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The document outlines a Partial Dation En Paiement agreement between two debtors and a creditor in Louisiana, where the debtors transfer property to the creditor as partial payment for an outstanding mortgage obligation. It details the terms of the original loan, the value of the property being transferred, and acknowledges that the debtors remain liable for any remaining balance after the transfer. The document includes provisions for both commercial and consumer transactions, ensuring compliance with relevant Louisiana laws.

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What is the full meaning of adhoc?

Ad hoc is a word that originally comes from Latin and means for this or for this situation. In current American English it is used to describe something that has been formed or used for a special and immediate purpose, without previous planning. Ad hoc can be used as an adjective or an adverb.

What is the concept of dation in payment?

(seh-DAY-shun) A state of calmness, relaxation, or sleepiness caused by certain drugs. Sedation may be used to help relieve anxiety during medical or surgical procedures or to help cope with very stressful events. Drugs that relieve pain may be used at the same time.

What is an example of a Dation?

Dation in payment in a mortgage happens when the debtor cannot pay his installments. Then he proceeds to deliver the house to the banking institution and in this way liquidates the debt. Using this method, the delivery of the house will be enough to pay off the mortgage loan.

What is the meaning of Dation?

Dation in payment has been usually defined as the transfer of the property of an asset in settlement of outstanding debts. In other words, the debtor transfers an asset to the creditor and the creditor accepts it as payment in settlement of an obligation.

What is the meaning of Datin?

Datin in British English feminine noun. (in Malaysia) a title denoting the wife or widow of a Datuk, a member of a high order of chivalry. The word Datin is derived from Datuk, shown below.

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