TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

POSTPONEMENT AGREEMENT [2 records]

Record 1 2013-04-26

English

Subject field(s)
  • PAJLO
  • Property Law (common law)
CONT

The effect of the postponement agreement, instrument or notice, when registered, is to postpone the postponer's rights to those of the postponee in accordance with the postponement agreement. (Di Castri, Registration of Title, p. 20-910)

French

Domaine(s)
  • PAJLO
  • Droit des biens et de la propriété (common law)
OBS

convention de subordination : terme normalisé par le Comité de normalisation dans le cadre du Programme national de l'administration de la justice dans les deux langues officielles (PAJLO).

Spanish

Save record 1

Record 2 1992-05-01

English

Subject field(s)
  • Loans
  • Real Estate
CONT

Mortgage postponement is effected by a document called postponement agreement in Ontario, and priority agreement in Western provinces.

OBS

[Mortgage postponement] occurs when a mortgagee relinquishes his priority rank to another; for instance when a second mortgagee accepts to become third mortgagee and vice-versa.

French

Domaine(s)
  • Prêts et emprunts
  • Immobilier
OBS

"Postponement" ou "mortgage postponement" se rend en français par: "concession de priorité"; "cession d'antériorité" ou "cession de rang". Voir cette fiche.

Spanish

Save record 2

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