relief

(redirected from Mortgage Interest Relief)
Also found in: Dictionary, Thesaurus, Medical, Financial, Encyclopedia.
Related to Mortgage Interest Relief: Mortgage Interest Relief At Source

Relief

Financial assistance provided to the indigent by the government. The redress, or benefit, given by a court to an individual who brings a legal action.

The relief sought in a lawsuit might, for example, be the return of property wrongfully taken by another, compensation for an injury in the form of damages, or enforcement of a contract.

relief

n. generic term for all types of benefits which an order or judgment of court can give a party to a lawsuit, including money award, injunction, return of property, property title, alimony, and dozens of other possibilities. (See: judgment)

relief

(Aid), noun accommodation, assistance, auxilium, avail, backing, care, cooperation, help, ministration, ministry, promotion, rescue, respite, salvation, subsidium, succor, support, sustenance, treatment

relief

(Legal redress), noun award, compensation, correction, decision, indemnification, judgment, payment, recompense, rectification, remedy, reparation, restitution, restoration, retribution, satisfaction
Associated concepts: affirmative relief, bill of discovery and relief, complete relief, declaratory relief, further relief, priiary relief, supplemental relief
Foreign phrases: Judex non reddit plus quam quod petens ipse requirit.A judge should not render judgments for a larger sum than the plaintiff demands.

relief

(Release), noun abatement, alleviation, assuagement, deliverance, diminishment, discharge, disencumberance, easement, liberation, mitigation, palliation, reduction, remedium, remission, respite, rest, sublevatio
See also: abatement, aid, assistance, benefit, benevolence, betterment, charity, contour, cure, help, immunity, indemnification, mitigation, mollification, outline, panacea, reinforcement, remedial statute, remedy, remission, reparation, replacement, service, shape, solace, substitute, support

relief

1 an allowance from total income for income tax purposes.
2 the obligation to redress the unjust enrichment gained by A when B pays a decree under which A was also jointly or proportionately liable. In the UK there is statutory provision for relief in very many cases.
3 the opportunity to avoid the forfeiture of a lease. Forfeiture of a lease may follow upon a breach by a tenant of a fundamental term (the procedure is contained in the Law of Property Act 1925); relief maybe available if the default is capable of being remedied and the tenant is willing to remedy it (e.g. payment of arrears of rent due). For Scotland, see IRRITANCY.

RELIEF, Eng. law. A relief was an incident to every feudal tenure, by way of fine or composition with the lord for taking up the estate which was lapsed or fallen in by the death of the last tenant. At one time the amount was arbitrary; but afterwards the relief of a knight's fee became fixed at one hundred shillings. 2 Bl. Com. 65.

RELIEF, practice. That assistance which a court of chancery will lend to a party to annul a contract tinctured with fraud, or where there has been a mistake or accident; courts of equity grant relief to all parties in cases where they have rights, ex aequo et bono, and modify and fashion that relief according to circumstances.

References in periodicals archive ?
Mortgage interest relief at source (MIRAS) was finally phased out in the chancellor's 2000 budget.
I've read that mortgage interest relief is being reduced.
Restricting landlord mortgage interest relief on residential and nonresidential properties by just 10% would bring in EUR75million.
He said: "I am informed by the Revenue Commissioners that the cost to the Exchequer of mortgage interest relief by way of tax relief at source (TRS) in 2010 was EUR375million and in the six months to the end of June 2011 is EUR178million.
Halifax said the dampening effect was caused by a number of factors, including the four interest rate rises between September 1999 and February 2000, and the abolition of mortgage interest relief in April.
Mortgage Interest Relief At Source (MIRAS) is 15 per cent, which would apply to all of the pounds 12,000.
The bill also gave effect to the increased mortgage interest relief for homeowners who bought in the boom and for first-time buyers who invest this year.
Otherwise, why has Labour abolished the Married Man's Allowance and Mortgage Interest Relief and intend to do likewise with Section 28, enabling homosexuality to be promoted in our classrooms?
Measures in Budget 2012 - attractive Capital Gains Tax provision and increased mortgage interest relief - is a clear indication of the Government's realisation of the importance of a fully-functioning property market to economic recovery.
At the moment, some reliefs, such as Mortgage Interest Relief and Medical Insurance Relief, are given via the banks, building societies and medical insurers.
The demise of mortgage interest relief tax in April and the flurry of interest rate rises are prompting people to look for mortgage savings.
Noonan sweetens tax hikes with home help Opposition hits unfairness STRUGGLING homeowners were thrown a lifeline yesterday as the Government announced mortgage interest relief is to be increased.

Full browser ?