Definition of encumbrances in English English dictionary
Obligations in the form of purchase orders or contracts that are chargeable to an appropriation An obligation ceases to be an encumbrance when paid or when the actual liability is recorded
An amount of the available balance of an appropriation earmarked for paying anticipated or known obligations
Contingent liabilities in the form of purchase orders, contracts, or salary commitments which are chargeable to an appropriation and for which a part of the appropriation is reserved They cease to be encumbrances when paid or when the actual liability is recorded In the CSU, the monthly financial statements produced by the Financial Accounting System use the term "Open Commitments" as the equivalent to encumbrances
Obligations in the form of purchase orders, contracts, salaries, and other commitments chargeable to an appropriation for which a part of the appropriation is reserved
Obligations in the form of purchase orders, contracts or salary commitments which are chargeable to an appropriation and for which a part of the appropriation is reserved They cease to be encumbrances when the obligations are paid or otherwise extinguished
Obligations in the form of purchase orders, contracts, or salary commitments which are chargeable to an award and for which a part of the awarded amount is reserved They cease to be encumbrances when paid
Obligations set aside for payment of purchase orders, salary commitments, and contracts chargeable to an award
A budgetary account used to record the estimated amount of purchase orders, contracts, or salary commitments chargeable to an appropriation The account is credited when goods or services are received and the actual expenditure of the appropriation is known
a specific amount of funds that has been set aside in an account for the receipt of an order or the payment of an invoice Encumbrances reduce the available balance of an account
Commitments related to unperformed (executory) contracts for goods and services Used in budgeting, encumbrances are not GAAP expenditures or liabilities but represent the estimated amount of expenditures ultimately to result if unperformed contracts in process are completed
Those charges or the security that attaches to any kind of property For example, if there is a mortgage on a piece of property, then the property is said to be encumbered by that mortgage
Obligations in the form of purchase orders or contracts which are chargeable to an appropriation or limitation and for which a part of the appropriation (or limitation) is reserved
{i} burden, hindrance, impediment; one who is dependent on another for support (especially a child); (Law) lien or claim on a property (also incumbrance)
A legal right or interest in land that affects a good or clear title, and diminishes the lands value It can take numerous forms, such as zoning ordinances, easement rights, claims, mortgages, liens, charges, a pending legal action, unpaid taxes, or restrictive covenants An encumbrance does not legally prevent transfer of the property to another A title search is all that is usually done to reveal the existence of such encumbrances, and it is up to the buyer to determine whether he wants to purchase with the encumbrance, or what can be done to remove it
Any lien against a property or any restriction it its use, such as an easement; a right or interest in a property held by one who is not the legal owner
An encumbrance may be placed on your record for academic reasons, funds owed to the University, judicial reasons and for failure to meet medical/immunization requirements If you have an encumbrance(s) on your record, resolve it with the appropriate campus office as soon as possible Failure to resolve the encumbrance(s) prior to 5: 00 p m on the first day of instruction will result in cancellation of your course registration for the term
A condition that effects the clear title to the property Encumbrances can include mortgages or deeds of trust, liens, easement rights, unpaid taxes or assessments Encumbrances do not prevent the transfer of title of the property However, the buyer must decide whether to buy the property subject to the encumbrances that will not be removed prior to the change in ownership
Any right to, or interest in, real property held by someone other than the owner, but which will not prevent the transfer of fee title (i e , a claim, lien, charge or liability attached to and binding real property )
Any interest, right, lien or liability attached to a parcel of land (such as unpaid taxes or an unsatisfied mortgage) that constitutes or represents a burden or charge upon the property
Anything which affects or limits the fee simple title to property such as mortgages, easements, or restrictions of any kind Liens are money encumbrances which make the property security for the payment of a debt or obligations, such as mortgages and taxes
Anything which affects or limits the fee simple title to property, such as mortgages, trust deeds, easements or restrictions of any kind which do not prevent alienation of the fee title by the owner Liens are special encumbrances which make the property security for the debt
Any previously established right or interest to property that would restrict your rights of ownership upon purchase Zoning ordinances, leases, easements, unpaid taxes, existing mortgages and restrictive covenants are all examples of encumbrances A title search will tell you whether such encumbrances exist If so, they will not prevent you from purchasing the property Rather, they will complicate the terms of ownership, and in some cases may diminish the property's value It's up to you to decide how an encumbrance will affect the value of the property before purchase; or to determine how the encumbrance can be removed (see Title Search)
Anything which affects or limits the fee simple title to property, such as mortgages, easements or restrictions of any kind Liens are special encumbrances which make the property security for the payment of a debt or obligation, such as mortgages and taxes
A legal right or interest in land that affects a good or clear title and diminishes the land's value It can take numerous forms, such as zoning ordinances, easement rights, claims, mortgages, liens, charges, a pending legal action, unpaid taxes or restrictive convenants An encumbrance does not legally prevent transfer of the property to another A title search is all that is usually done to reveal the existence of such encumbrances, and it is up to the buyer to determine whether he wants to purchase with the encumbrance or what can be done to remove it
A legal right or interest in land that affects a good or clear title, and diminishes the land's value It can take numerous forms, such as zoning ordinances, easement rights, claims, mortgages, liens, charges, a pending legal action, unpaid taxes, or restrictive covenants An encumbrance does not legally prevent transfer of the property to another A title search is all that is usually done to reveal the existence of such encumbrances, and it is up to the buyer to determine whether he wants to purchase with the encumbrance, or what can be done to remove it
Any right to, or interest in, real property held by someone other than the owner, but which will not prevent the transfer of fee title (i e a claim, lien, charge or liability attached to and binding real property)
A legal right or interest in land that affects or limits complete ownership and control over property It can take numerous forms, such as zoning ordinances, easement rights, claims, mortgages, liens, charges, a pending legal action, unpaid taxes or restrictive convenants An encumbrance does not necessarily prevent transfer of the property to another, but may diminish its value A title search will usually reveal the existence of such encumbrances, and it is up to the buyer to determine whether he wants to purchase the property with the encumbrance
A legal right or interest in land that affects a good or clear title, and diminishes the land's value Examples include zoning ordinances, easement rights, claims, mortgages, liens, charges, a pending legal action, unpaid taxes, or restrictive covenants An encumbrance does not legally prevent transfer of the property to another It is up to the buyer to determine whether to purchase the property with the encumbrance, or what can be done to remove it