Release

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Release

Relieve party to a trade of any previously made obligation concerning that trade, hence allowing the would-be transactor to show the inquiry/order to a new broker.

Release

Written statement by a creditor to the effect that a debtor has either paid off the debt or the debt is otherwise discharged. A creditor may release a lien if the loan has been paid or if other collateral has been offered. Most mortgages contain release clauses indicating under what circumstances the borrower obtains release from the mortgage lien.

release

See release of lien.

References in periodicals archive ?
CEO of OSC denied in his statement the rumors being promoted that some of the company's tankers are not operating and are anchoring in one of the ports of the Sultanate, stressing that the company buys or leases the ships , based on the needs of the companys commercial customers and theeconomics of any project, whether it calls investment in the construction of new ships,the purchase of newly manufactured ships, lease or re-lease, both short-term contracts or long-term contracts, according to the nature of each project.
However, it was discovered that would take six months to re-lease the apartments if they were damaged and rebuilt.
"In 2014, the $3 billion barrier for cash remittances could be broken for the first time," the company said in a press Re-lease about the survey.
Hilliker Corporation, which was able to immediately re-lease the premises, represented both the tenant and the landlord, making this the sixth transaction between Hilliker Corporation and GL group.
A lessee, on the other hand, is typically only leasing to obtain the temporary right to use the asset and does not care whether the lessor will sell or re-lease the returned asset when their lease ends.
The decline in operating lease revenue is primarily due to off-lease aircraft, sale of aircraft which contributed to revenue in Q2 '12 but were subsequently sold and re-lease of aircraft at lower rental rates.
The present Government believes that councils should not be in the business of owning property and forces them to sell off and re-lease any still occupied from the new owners.
The management agreement may, notwithstanding the requirement that the managers must otherwise obtain unanimous consent for the lease or re-lease of the property, allow the managers to lease or re-lease up to a certain percentage of the total space without the consent of the co-owners if the leases meet certain unanimously approved guidelines.
Article 26 of Law 33 governing rent has been amended to the extent that if a landlord wishes to recover the property for personal use, he is now restricted to re-lease it for a period of two years.
About a year after the CAMEL re-lease, Jim Blaine and Debbie Matz met face to face this September at the NASCUS Summit in Denver.
Also, space that does not re-lease in a short timeframe looks bad for the building.
There is no official re-lease date but reports havepredicted an October launch.Microsoft chief executiveSteve Ballmer says that Win-dows 8 will support a widerrange of devices includingtouch- and stylus-basedsmartphones and tablet PCs,as well as desktops and lap-tops.