escrow agent :: n. a person or entity holding documents and funds ... on local practice. See also: escrow
ostensible agent :: n. a person who has been given the appearance of b ... rent authority ostensible authority
transfer agent :: n. a person or company retained by a corporation t ... stockbroker. See also: share stock
executory :: adj. something not yet performed or done. Examples ... een distributed to the beneficiary.
executor :: n. the person appointed to administer the estate o ... sed decedent executrix probate will
agent :: n. a person who is authorized to act for another ( ... issues. See also: agency authority
agent for acceptance of service :: n. states require that a corporation name an actua ... corporations. See also: corporation
letters of administration :: n. a document issued by the court clerk which stat ... estate. See also: executor probate
letters testamentary :: n. a document issued by the court clerk which stat ... te. See also: administrator probate
nominee :: n. 1) a person or entity who is requested or named ... ic office. See also: agent executor
representative :: 1) n. an agent. 2) n. in probate law, a generic te ... of the conditions at the job site."
executory interest :: n. an interest in property (particularly real esta ... or never, if certain events occur.
spendthrift clause :: n. a provision in a trust or will that states that ... tly to Junior. See also: trust will
undisclosed principal :: n. a person who uses an agent for his/her negotiat ... dispute. See also: agent principal
administer :: v. 1) to conduct the duties of a job or position. ... lso: administrator executor probate
special administrator :: n. a person appointed by the court in a probate pr ... or administrator. See also: probate
public administrator :: n. a county official with the responsibility to ha ... ian is available. See also: probate
rejection of claim :: n. in probate law (administration of an estate of ... stion of administrative remedies").
trespass :: n. entering another person's property without perm ... for an illegal purpose is a crime.
testamentary trust :: n. a trust created by the terms of a will. Example ... vivos trust living trust trust will
royalty :: n. a percentage of gross or net profit or a fixed ... also: copyright infringement patent
respondeat superior :: (rehs-pond-dee-at superior) n. Latin for "let the ... : agency agent negligence principal
sale :: n. transfer of something (and title to it) in retu ... contract forced sale sheriff's sale
service of process :: n. the delivery of copies of legal documents such ... by publication substituted service
substituted service :: n. accomplishing service (delivery) of legal docum ... ee also: service service of process
administrator :: n. the person appointed by the court to handle the ... e also: administer executor probate
ancillary administration :: n. administration of an estate's assets in another ... or "subordinate." See also: probate
in kind :: adj. referring to payment, distribution or substit ... . See also: distribution trust will
executrix :: (pl. executrices) n. Latin for female executor. Ho ... r is now unisex. See also: executor
intestacy :: n. the condition of having died without a valid wi ... e. See also: intestate probate will
marshal :: 1) n. a federal court official who may serve paper ... tablish priorities among creditors.
misappropriation :: n. the intentional, illegal use of the property or ... mbezzlement fiduciary larceny theft
mirror wills :: n. the wills of a husband and wife which are ident ... d each names the other as executor.
wrongful death :: n. the death of a human being as the result of a w ... ual beneficiaries (family members).
probate :: 1) n. the process of proving a will is valid and t ... e also: administrator executor will
claim against an estate :: n. upon the death of a person and beginning of pro ... ade to the heirs. See also: probate
bequest :: n. the gift of personal property under the terms o ... e been made). See also: legacy will
conditional bequest :: n. in a will, a gift which will take place only if ... rries." See also: bequest executory
will :: n. a written document which leaves the estate of t ... will and testament probate testator
discretion :: n. the power of a judge, public official or a priv ... t a variance to a zoning ordinance.
out-of-pocket expenses :: n. moneys paid directly for necessary items by a c ... amages beyond normal wear and tear.
prudent man rule :: n. the requirement that a trustee, investment mana ... (1994). See also: fiduciary trustee
confidential relation :: n. a relationship in which one person has confiden ... remely obvious. See also: fiduciary
commission :: n. 1) a fee paid based on a percentage of the sale ... on or the Federal Trade Commission.
closed shop :: n. a business that will hire only union members by ... s their certified bargaining agent.
consign :: v. 1) to deliver goods to a merchant to sell on be ... or by order of a bankruptcy judge.
consignee :: n. a person or business holding another's goods fo ... designated agent. See also: consign
delivery :: n. the actual handing to another of an object, mon ... rties. See also: contract deed sale
corporation :: n. an organization formed with state governmental ... ation public corporation securities
clear and present danger :: n. the doctrine established in an opinion written ... together of a lynch mob (assembly).
churning :: n. the unethical and usually illegal practice of e ... f obtaining high sales commissions.
authority :: n. permission, a right coupled with the power to d ... rize ostensible authority principal
attorney :: n. 1) an agent or someone authorized to act for an ... ialize. See also: court reciprocity
apparent authority :: n. the appearance of being the agent of another (e ... e also: agency ostensible authority
bail bond :: n. a bond provided by an insurance company through ... urned. See also: bail bail bondsman
bail bondsman :: n. a professional agent for an insurance company w ... t to jail. See also: bail bail bond
broker :: n. in general, a person who arranges contracts bet ... security ("hocked") at high rates.
boycott :: n. organized refusal to purchase products or patro ... e laws. See also: secondary boycott
employee :: n. a person who is hired for a wage, salary, fee o ... ondeat superior scope of employment
entrapment :: n. in criminal law, the act of law enforcement off ... e drugs if not pressed by the narc?
principal :: n. 1) main person in a business. 2) employer, the ... ry agency agent respondeat superior
power of attorney :: n. a written document signed by a person giving an ... y, as in a real estate transaction.
per diem :: adj. or n. Latin for "per day," it is short for pa ... or fees of an employee or an agent.
agency :: n. the relationship of a person (called the agent) ... ondeat superior scope of employment
ratification :: n. confirmation of an action which was not pre-app ... mployee). See also: agent principal
represent :: v. 1) to act as the agent for another. 2) to act a ... parties." See also: representation
ratify :: v. to confirm and adopt the act of another even th ... ligation. See also: agent principal
ostensible authority :: n. apparent authority to do something or represent ... apparent authority ostensible agent
non-feasance :: n. the failure of an agent (employee) to perform a ... . See also: malfeasance misfeasance
escrow instructions :: n. the written instructions by buyer and seller of ... ir agents. See also: closing escrow
escrow :: 1) n. a form of account held by an "escrow agent" ... w the deal." See also: escrow agent
extortion :: n. obtaining money or property by threat to a vict ... . See also: blackmail robbery theft
fiduciary :: 1) n. from the Latin fiducia, meaning "trust," a p ... lation fiduciary relationship trust
jobber :: n. a merchant who buys products (usually in bulk o ... buys and acts for specific clients.
foreign corporation :: n. a corporation which is incorporated under the l ... tate or Whoopee's designated agent.
representation :: n. 1) the act of being another's agent. 2) acting ... ns or in court. See also: represent