Application for Bridging Finance and the Standard Terms - Accounting Assignment Help

Assignment Task

Task

In this application for Bridging Finance and the Standard Terms and Conditions, unless the context clearly indicates the contrary, the following words, phrases and expressions shall apply and have the respective meanings assigned thereto hereunder and similar words shall have corresponding meanings.
1.1 DEFINITIONS:
1.1.1 “Applicant” means the party making application to the Discounting Company on the Application Form.
1.1.  “Agreement” means the Discounting Agreement Application together with these Standard Terms and Conditions, as signed or electronically submitted by the Applicant and the Discounting Company.
1.1.3 “Application Form” means the Discounting Agreement Application Form as signed or electronically submitted by the Applicant.
1.1.4 “Additional Payments” means any further payments made on written request by the Applicant, after the Initial Payment, subject to the approval of the Discounting Company, in their sole discretion.
1.1.5 “Bond” means any Mortgage Bond passed or to be passed by the Applicant in favour of a mortgagee and to be registered over the Property as security for the repayment of a loan made by the mortgagee to the Applicant, which loan amount is specified in the Application Form
    

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