Encumber


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Encumber

To burden property by way of a charge that must be removed before ownership is free and clear.

Property subject to an encumbrance may have a lien or mortgage imposed upon it.

References in periodicals archive ?
In an attempt to mitigate the gain recognition, Peracchi transferred to NAC, in addition to the encumbered properties, a personal note with a face amount of $1,060,000.
With certain exceptions, each co-owner must have the right to transfer, partition and encumber its undivided property interest, without the agreement or approval of any person.
* The sale of a blanket non-performing mortgage and note that encumbers three walk-up apartment buildings located in the Greenpoint section of Brooklyn.
Q: Does paragraph 2 of Article 316 prohibit the sale of an encumbered property?
706.02(1)(f) (2017-18), even though her interest in the homestead property encumbered by the mortgage has been extinguished by a mortgage foreclosure in a separate action by U.S.
encumbered land) of land of RCF and completed the construction of Eastern Free Way - AnikPanjrapol Link Road (APLR) and open for public use in the year 2014.
GE has been signalling for months that its encumbered power division would be an earnings vulnerability for some time to come.
According to the company, in the final quarter of the financial period, the financial result of Panostaja investments Grano and CoreHW is encumbered by the costs related to the implementation of corporate acquisitions.
Anything that encumbers that has two effects: it adds cost, and it also has a detrimental effect on freshness - even a few hours of delay can make a material impact."
The compensations are help some contracting companies - which encumbered losses over a rise in material prices - to finalize their projects in line with contracts signed with the government, he expounded.
National oil companies (NOCs) have increased their share of global oil production through the downcycle, but remain encumbered by inefficiency and debt, BMI Research has said in a report.
To their chagrin, these employees learn that the trust fund recovery penalty imposes a strict obligation on any person with knowledge of unpaid employment taxes, with only a narrow exception for encumbered funds.