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Dictionary of Law |
Founded: 215 confidential relation :: n. a relationship in which one person has confiden ... remely obvious. See also: fiduciary fiduciary :: 1) n. from the Latin fiducia, meaning "trust," a p ... lation fiduciary relationship trust confidential communication :: n. certain written communications which can be kep ... privilege privileged communication Massachusetts Trust :: n. a business in which the investors give manageme ... provide for eventual distribution. corporate opportunity :: n. a business opportunity which becomes known to a ... ative action fiduciary relationship constructive trust :: n. when a person has title to property and/or take ... tence. See also: constructive trust declaration of trust :: n. the document signed by a trustor (settlor) crea ... also: settlor trust trustee trustor inter vivos trust :: n. a trust created by a writing (declaration of tr ... nter vivos testamentary trust trust charitable remainder trust (Charitable Remainder Irrevocable Unitrust) :: n. a form of trust in which the donor (trustor or ... ed up or committed. See also: trust deed of trust :: n. a document which pledges real property to secur ... : foreclosure mortgage reconveyance beach bum trust provision :: n. a requirement in a trust that a beneficiary can ... live off the trust. See also: trust notice :: n. 1) information, usually in writing in all legal ... Thirty-day notice three-day notice National Labor Relations Board :: n. an independent regulatory commission created in ... see union and organizing elections. antitrust laws :: n. acts adopted by Congress to outlaw or restrict ... so: price fixing restraint of trade living trust :: n. sometimes called an inter vivos (Latin for "wit ... thrift clause trust trustee trustor breach of trust :: n. 1) any act which is in violation of the duties ... ise or confidence. See also: breach cestui que trust :: n. (properly pronounced ses-tee kay, but lawyers p ... ust's assets. See also: beneficiary real estate investment trust :: n. nicknamed REIT, a real estate investment organi ... its upon sale-if there is a profit. trustee :: n. a person or entity who holds the assets (corpus ... es. See also: settlor trust trustor trust fund :: n. the principal (called the corpus) of a trust, m ... ccumulated profits. See also: trust trustee in bankruptcy :: n. a person appointed by a bankruptcy court to sup ... f the debtors. See also: bankruptcy trustor :: n. the creator of a trust (who normally places the ... ern states. See also: settlor trust voting trust :: n. a trust which solicits vote proxies of sharehol ... ation proxy shareholder stockholder trust deed :: n. another name for a deed of trust, a form of mor ... paid back. See also: deed of trust trust :: n. an entity created to hold assets for the benefi ... testamentary trust trustee trustor resulting trust :: n. a trust implied by law (as determined by a cour ... See also: constructive trust trust public trust doctrine :: n. the principle that the government holds title t ... interest has been dubious at best. simple trust :: n. a trust which requires that all income be distr ... nd not accumulated. See also: trust tentative trust :: n. a bank account deposited in the name of the dep ... hdrawn at any time. See also: trust testamentary trust :: n. a trust created by the terms of a will. Example ... vivos trust living trust trust will non-discretionary trust :: n. a trust in which the trustee is directed to inv ... ower in the matter. See also: trust co-trustee :: n. a trustee of a trust when there is more than on ... act alone. See also: trust trustee statute of limitations :: n. a law which sets the maximum period which one c ... ies. See also: demurrer laches toll alimony :: n. support paid by one ex-spouse to the other as o ... ild support divorce spousal support adoption :: n. the taking of a child into one's family, creati ... the child are met. See also: adopt attorney-client privilege :: n. the requirement that an attorney may not reveal ... ivileged communication work product jurisdiction :: n. the authority given by law to a court to try ca ... Superior Court Supreme Court venue legal advertising :: n. 1) notices of probate sales and other documents ... quality of the lawyers advertising. master and servant :: n. the body of law, including statutes and legal d ... lso: employment respondeat superior service :: n. 1) paid work by another person, either by contr ... ersonal services service of process palimony :: n. a substitute for alimony in cases in which the ... the relationship. See also: alimony paternity suit :: n. a lawsuit, usually by a mother, to prove that a ... d to a prompt and quiet settlement. option :: n. a right to purchase property or require another ... ng or upon expiration of the lease. cohabitation :: n. living together in the same residence, generall ... xual relationships as cohabitation. agency :: n. the relationship of a person (called the agent) ... ondeat superior scope of employment domestic relations :: n. a polite term for the legal field of divorce, d ... port and alimony. See also: divorce joint tenancy :: n. a crucial relationship in the ownership of real ... ty property tenancy in common title degree of kinship :: n. the level of relationship between two persons r ... there is no will. See also: descent descent :: n. the rules of inheritance established by law in ... on inheritance intestate succession attorney-in-fact :: n. someone specifically named by another through a ... cument. See also: power of attorney adopt :: v. 1) to take on the relationship of parent to chi ... nt in a lawsuit. See also: adoption consortium :: n. 1) a group of separate businesses or business p ... oney terms is a difficult question. arm's length :: adj. the description of an agreement made by two p ... th" transaction. See also: contract independent contractor :: n. a person or business which performs services fo ... ue independence. See also: employee domestic partners :: n. unmarried couples, including homosexuals, livin ... , such as job-related health plans. misappropriation :: n. the intentional, illegal use of the property or ... mbezzlement fiduciary larceny theft impute :: v. 1) to attach to a person responsibility (and th ... also. See also: vicarious liability prudent man rule :: n. the requirement that a trustee, investment mana ... (1994). See also: fiduciary trustee capital stock :: n. the original amount paid by investors into a co ... price. See also: corporation stock fiduciary relationship :: n. where one person places complete confidence in ... handling. See also: fiduciary trust nominee :: n. 1) a person or entity who is requested or named ... ic office. See also: agent executor negative pregnant :: n. a denial of an allegation in which a person act ... suse, just the amount and the date. nominal party :: n. a defendant or a plaintiff included in a lawsui ... ed. See also: necessary party party party of the first part :: n. reference in a written contract to identify one ... ies another party to the agreement. per stirpes :: (purr stir-peas) adj. Latin for "by roots," by rep ... descent and distribution trust will pour over will :: n. a will of a person who has already executed a t ... invalid trust. See also: trust will power of appointment :: n. the right to leave property by will, transfer, ... death of the person with the power. precatory :: adj. referring to a wish or advisory suggestion wh ... lutely prevent her from selling it. passive :: adj. referring to being inactive. A "passive trust ... ment and interest on bank accounts. mortgage :: n. a document in which the owner pledges his/her/i ... losure notice of default trust deed offshore corporation :: n. a corporation chartered under the laws of a cou ... nds in accounts out of the country. out-of-pocket expenses :: n. moneys paid directly for necessary items by a c ... amages beyond normal wear and tear. parens patriae :: (paa-rens pat-tree-eye) n. Latin for "father of hi ... pport custody divorce guardian ward notice of default :: n. a notice to a borrower with property as securit ... notice of default. See also: notice lapse :: 1) v. to fail to occur, particularly a gift made i ... eficiary devisee legatee trust will in kind :: adj. referring to payment, distribution or substit ... . See also: distribution trust will incidental beneficiary :: n. someone who obtains a benefit as the result of ... parent. See also: beneficiary trust inheritance :: n. whatever one receives upon the death of a relat ... intestacy intestate succession will inter se :: (in-tur say)prep. Latin for "among themselves," me ... or only to the trustees as a group. implied :: adj., adv. referring to circumstances, conduct or ... nt implied consent implied warranty hidden asset :: n. an item of value which does not show on the boo ... ets on a profit and loss statement. good title :: n. ownership of real property which is totally fre ... or deed of trust on the property). grantor-grantee index :: n. a set of books and/or computerized lists found ... ument in tracking a chain of title. guardian :: n. a person who has been appointed by a judge to t ... torship. See also: conservator ward inter vivos :: (in-tur veye-vohs) adj. Latin for "among the livin ... e will. See also: inter vivos trust judgment creditor :: n. the winning plaintiff in a lawsuit to whom the ... 's rights judgment prevailing party malfeasance :: n. intentionally doing something either legally or ... sponsibility. See also: misfeasance marital deduction :: n. an estate tax deduction allowed a surviving spo ... community property estate tax trust marketable title :: n. the title to real property which has no encumbr ... e. See also: contract real property alienation of affections :: n. convincing a wife to leave her husband, often f ... een abolished in almost all states. lien :: n. any official claim or charge against property o ... ord's lien mechanic's lien mortgage judicial foreclosure :: n. a judgment by a court in favor of foreclosure o ... deed of trust foreclosure mortgage judicial sale :: n. a sale of goods by an official (keeper, trustee ... o be sold. See also: sheriff's sale preference :: n. in bankruptcy, the payment of a debt to one cre ... nds or assets. See also: bankruptcy monopoly :: n. a business or inter-related group of businesses ... ust laws license restraint of trade reconveyance :: n. in those states which use deeds of trust as a m ... conveyance. See also: deed of trust title report :: n. the written analysis of the status of title to ... lso: abstract title title insurance title search :: n. the examination of county records for the prope ... e escrow lien title title insurance treble damages :: n. tripling damages allowed by state statute in ce ... damage penalties. See also: damages sidebar :: n. 1) physically, an area in front of or next to t ... See also: approach the bench bench subordination agreement :: n. a written contract in which a lender who has se ... ty records. See also: subordination work product :: n. the writings, notes, memoranda, reports on conv ... ies to be employed by the attorney. spendthrift clause :: n. a provision in a trust or will that states that ... tly to Junior. See also: trust will subject to :: adj. referring to the acquisition of title to real ... : assumption deed of trust mortgage shield laws :: n. statutes enacted in some states which declare t ... See also: privileged communication privileged communication :: n. statements and conversations made under circums ... See also: attorney-client privilege executive privilege :: n. a claim by the President or another high offici ... the Watergate scandal (1973-1974). will :: n. a written document which leaves the estate of t ... will and testament probate testator will contest :: n. a lawsuit challenging the validity of a will an ... so: in terrorem clause probate will unjust enrichment :: n. a benefit by chance, mistake or another's misfo ... perty. See also: constructive trust insider :: n. someone who has a position in a business or sto ... ange Act. See also: insider trading physician-patient privilege :: n. the right and obligation of a physician to refu ... onfidential communication privilege out of court :: adj. referring to actions, including negotiations ... is dismissed. See also: settlement insider trading :: n. the use of confidential information about a bus ... o catch insiders. See also: insider share and share alike :: adj. referring to the equal division of a benefit ... among the three surviving nephews. share :: n. 1) a portion of a benefit from a trust, estate, ... n issue of the corporation's stock. race to the courthouse :: n. slang for the rule that the first deed, deed of ... e also: deed judgment lien mortgage real party in interest :: n. the person or entity who will benefit from a la ... st is the beneficiary of the trust. receiver :: n. 1) a neutral person (often a professional trust ... owing they were obtained illegally. adultery :: n. consensual sexual relations when one of the par ... s and grist for scandal newspapers. promissory note :: n. a written promise by a person (variously called ... lso: interest obligee obligor usury price fixing :: n. a criminal violation of federal antitrust statu ... stributors to beat the competition. priority :: n. the right to be first or ahead of the rights or ... (in the "race to the courthouse"). probate :: 1) n. the process of proving a will is valid and t ... e also: administrator executor will generation skipping :: adj., adv. referring to gifts made through trusts ... to a grandchild without a gift tax. record :: 1) v. (ree-cored) to put a document into the offic ... eeding race to the courthouse trial security interest :: n. generic term for the property rights of a lende ... : deed of trust lien mortgage UCC-1 senior lien :: n. the first security interest (lien or claim) pla ... rtgage race to the courthouse UCC-1 settlor :: n. the person who creates a trust by a written tru ... the trust. See also: trust trustor secured transaction :: n. any loan or credit in which property is pledged ... d of trust lien mortgage pawn UCC-1 restraint of trade :: n. in antitrust law, any activity (including agree ... also: antitrust laws monopoly trust reentry :: n. taking back possession and going into real prop ... ages. See also: landlord and tenant reformation :: n. the correction or change of an existing documen ... neral partner sues for reformation. Restatement of the Law :: n. a series of detailed statements of the basic la ... tracts, property, torts and trusts. prevailing party :: n. the winner in a lawsuit. Many contracts, leases ... ed before or after trial has begun. embezzler :: n. a person who commits the crime of embezzlement ... r property of an employer or trust. closed shop :: n. a business that will hire only union members by ... s their certified bargaining agent. assignment for benefit of creditors :: n. a method used for a debtor to work out a paymen ... ar basis to pay the debtor's bills. Attorney General :: n. in each state and the federal government the hi ... izenry. See also: Solicitor General aliquot :: (al-ee-kwoh) adj. a definite fractional share, us ... trust assets. See also: share after-acquired property :: n. 1) personal or real property acquired by a debt ... lso: bankruptcy secured transaction abstract of title :: n. the written report on a title search which show ... e also: chain of title title report accretion :: n. 1) in real estate, the increase of the actual l ... cted event. See also: probate trust acknowledgment :: n. the section at the end of a document where a no ... me leases and various other papers. bail bond :: n. a bond provided by an insurance company through ... urned. See also: bail bail bondsman bankruptcy :: n. a federal system of statutes and courts which p ... y proceedings trustee in bankruptcy carnal knowledge :: n. from Latin carnalis for "fleshly:" sexual inter ... tate. See also: rape statutory rape cartel :: n. 1) an arrangement among supposedly independent ... Colombia. See also: antitrust laws cestui que use :: (pronounced ses-tee kay use or setty kay use) n. a ... beneficiary cestui que trust trust breach :: 1) n. literally, a break. A breach may be a failur ... breach of trust breach of warranty beneficiary :: n. a broad definition for any person or entity (li ... beneficiary third-party beneficiary bankruptcy proceedings :: n. the bankruptcy procedure is: a) filing a petiti ... ankruptcy court claim in bankruptcy civil :: adj. 1) that part of the law that encompasses busi ... also: civil liberties civil rights beneficial interest :: n. the right of a party to some profit, distributi ... benefits. See also: contract trust abandonment :: n. the act of intentionally and permanently giving ... : abandon abandoned property patent broker :: n. in general, a person who arranges contracts bet ... security ("hocked") at high rates. excessive bail :: n. an amount of bail ordered posted by an accused ... ppeal for reduction. See also: bail family :: n. 1) husband, wife and children. 2) all blood rel ... ting this economic and social unit. let :: v. 1) to allow or permit. This is distinguished fr ... rson. See also: lease rent sublease ex rel. :: conj. abbreviation for Latin ex relatione, meaning ... . Archie Johnson v. Hardy Products. decree :: n. in general, synonymous with judgment. However, ... n's estate, etc. See also: judgment conjugal rights :: n. a spouse's so-called "rights" to the comforts a ... r") in a special room or apartment. court :: n. 1) the judge, as in "The court rules in favor o ... cost and wait of full court trials. custody :: n. 1) holding property under one's control. 2) law ... inor child. See also: child custody loss of consortium :: n. the inability of one's spouse to have normal ma ... ation. See also: consortium damages marital rights :: n. an old-fashioned expression for the rights of a ... also: consortium loss of consortium rape :: 1) n. the crime of sexual intercourse (with actual ... See also: date rape statutory rape separation :: n. married persons living apart, either informally ... gal separation separation agreement unclean hands :: n. a legal doctrine which is a defense to a compla ... ough. See also: affirmative defense commercial law :: n. all the law which applies to the rights, relati ... . See also: Uniform Commercial Code military law :: n. regulations governing the conduct of men and wo ... also: court-martial judge advocate condone :: v. 1) to forgive, support, and/or overlook moral o ... ition that the sin is not repeated. mediation :: n. the attempt to settle a legal dispute through a ... a settlement. See also: arbitration meet and confer :: n. a requirement of courts that before certain typ ... s which are freighted with emotion. closing :: n. the final step in the sale and purchase of real ... company, escrow holder or attorney. cloud on title (cloud) :: n. an actual or apparent outstanding claim on the ... ion reconveyance title title report elder law :: n. a specialty in legal practice, covering estate ... t field. (definition revised: 9/02) embezzlement :: n. the crime of stealing the funds or property of ... in trust. See also: embezzler theft consent :: 1) n. a voluntary agreement to another's propositi ... from contracts to sexual relations. divestiture :: n. the court-ordered or voluntary giving up of a p ... nopoly or other restraint of trade. distribution :: n. the act of dividing up the assets of an estate ... p percentages. See also: distribute delayed exchange :: n. an exchange of property to put off capital gain ... method and survived an IRS lawsuit. discretion :: n. the power of a judge, public official or a priv ... t a variance to a zoning ordinance. distribute :: v. 1) the dividing up of those assets of an estate ... and distribution probate trust will eminent domain :: n. the power of a governmental entity (federal, st ... ngs. See also: condemn condemnation encumbrance :: (incumbrance)n. a general term for any claim or li ... and must be paid for at some point. foreclosure :: n. the system by which a party who has loaned mone ... ced sale mortgage notice of default foreclosure sale :: n. the actual forced sale of real property at a pu ... dicial sale mortgage sheriff's sale fraud :: n. the intentional use of deceit, a trick or some ... audulent conveyance intrinsic fraud fee tail :: n. an old feudal expression for a title to real pr ... rest only. See also: fee fee simple examination :: n. 1) the questioning of a witness by an attorney. ... irect examination testimony witness equitable lien :: n. a lien on property imposed by a court in order ... lso: constructive trust equity lien escrow :: 1) n. a form of account held by an "escrow agent" ... w the deal." See also: escrow agent estate tax :: n. generally a federal tax on the transfer of a de ... commonly called an inheritance tax. deficiency judgment :: n. a judgment for an amount not covered by the val ... o: foreclosure judicial foreclosure default :: 1) n. failure to respond to a summons and complain ... default judgment notice of default consign :: v. 1) to deliver goods to a merchant to sell on be ... or by order of a bankruptcy judge. conspirator :: n. a person or entity who enters into a plot with ... of antitrust laws. (See conspiracy constructive :: adj. a legal fiction for treating a situation as i ... ctive possession constructive trust conscious parallelism :: n. an undiscussed imitation by a business of a com ... cidence? No, conscious parallelism. confidence game :: n. the obtaining of money from others through tric ... t and confidence. See also: swindle commingling :: n. the act of mixing the funds belonging to one pa ... rust accounts for funds of another. competent :: adj. 1) in general, able to act in the circumstanc ... all bases. See also: evidence will conditional bequest :: n. in a will, a gift which will take place only if ... rries." See also: bequest executory contingent beneficiary :: n. a person or entity named to receive a gift unde ... lso: contingent contingent interest contingent interest :: n. an interest in real property which, according t ... ontingent remainder future interest debtor in possession :: n. in bankruptcy proceedings when a debtor has fil ... n possession." See also: bankruptcy deed :: 1) n. the written document which transfers title ( ... veyance deed of trust warranty deed American Civil Liberties Union :: n. a membership organization founded in 1920 to de ... rk, NY 10036; tel.: (212) 944-9800. cy pres doctrine :: n. (see-pray doctrine) from French, meaning "as cl ... ey among several S.P.C.A. chapters. court costs :: n. fees for expenses that the courts pass on to at ... ee also: cost bill prevailing party controlling law :: n. the laws of the state which will be relied upon ... will be that of a particular state. corpus :: n. 1) Latin for body. 2) the principal (usually mo ... inguished from interest or profits. Code of Professional Responsibility :: n. a set of rules governing the ethical conduct of ... de has been adopted by most states. friendly suit :: n. a lawsuit filed in order to obtain a court orde ... eement in which there was an error. |