Where does the phrase to tie the knot come from?

Where does the phrase to tie the knot come from?

The phrase 'tie the knot' comes from a wedding tradition almost as old as time itself – the handfasting ceremony. This ancient Celtic practice, which dates back to the medieval era, literally binds couples together in matrimony by tying knots of cloth around their hands.

What is an example of tying?

Take the example of one automaker that has bundled the tires that are sold with the manufactured automobile and a second automaker that has tied the purchase a car to the requirement of buying a specific brand of toolbox.

Why is bundling illegal?

The effect of the practice is to divert purchasers who need the primary product to the bundling seller and away from other sellers of only the secondary product. For that reason, the practice may be held an antitrust violation as it was in SmithKline Corp. v. Eli Lilly & Co.

What can trigger an anti tying risk?

In order to prevail on a claim for a violation of the anti-tying restrictions, the borrower needs to show three things: (1) the bank conditioned the extension of credit upon the borrower's obtaining or offering additional credit, property, or services to or from the bank or its holding company; (2) the arrangement was ...

What Reg is anti tying?

Section 106 prohibits a bank from requiring that the customer purchase homeowners insurance (the tied product) from the bank or an affiliate of the bank as a condition to granting the customer the mortgage loan or a discount on the loan.

What is a reg u loan?

Regulation U is a Federal Reserve Board regulation that governs loans by entities involving securities as collateral and the purchase of securities on margin. Regulation U limits the amount of leverage that can be extended for loans secured by securities for the purpose of buying more securities.

What is a prohibited arrangement?

Remove Advertising. prohibited agreement or arrangement means an agreement or arrangement that is made with an Entity that carries on business for profit or gain where: Sample 1. + New List. Remove Advertising.