Dictionary of Law
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Founded: 100
vested remainder :: n. the absolute right to receive title after a pre ... pass to him. See also: vest vested
vested :: adj. referring to having an absolute right or titl ... ed. See also: vest vested remainder
remainder :: n. in real property law, the interest in real prop ... ed reversion title vested remainder
vest :: v. to give an absolute right to title or ownership ... . See also: vested vested remainder
invest :: v. to put money into a business or buy property or ... mplete gamble. See also: investment
investment :: n. the money put into use for profit, or the prope ... chased for profit. See also: invest
divestment :: n. the act of stripping one's investment from an e ... ng one's investment from an entity.
real estate investment trust :: n. nicknamed REIT, a real estate investment organi ... its upon sale-if there is a profit.
remainderman :: n. the person who will receive a remainder in real ... real property. See also: remainder
contingent remainder :: n. an interest, particularly in real estate proper ... contingent interest future interest
divestiture :: n. the court-ordered or voluntary giving up of a p ... nopoly or other restraint of trade.
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
capital investment :: capital expenditure ... capital expenditure
debenture :: n. a form of bond certificate issued by a corporat ... n shares of stock or general bonds.
retroactive :: adj. referring to a court's decision or a statute ... ospective." See also: ex post facto
liquidate :: v. to sell the assets of a business, paying bills ... other investors. See also: wind up
capital gains :: n. the difference between the sales price and the ... so: basis delayed exchange exchange
special administrator :: n. a person appointed by the court in a probate pr ... or administrator. See also: probate
silent partner :: n. a non-legal term for an investor who puts money ... partner limited partnership partner
remedy :: n. the means to achieve justice in any matter in w ... gment provisional remedy settlement
rule against perpetuities :: n. the legal prohibition against tying up property ... . See also: restraint on alienation
savings and loan :: n. a banking and lending institution, chartered ei ... vings into the home finance market.
participate :: v. to invest and then receive a part or share, as ... he estate of a person who has died.
partnership :: n. a business enterprise entered into for profit w ... partnership partner silent partner
prospectus :: n. a detailed statement by a corporation required ... rporation limited partnership stock
prosecutor :: n. generic term for the government's attorney in a ... ee also: Attorney General prosecute
prime suspect :: n. the one person law enforcement officers believe ... in trial. See also: Miranda warning
prudent man rule :: n. the requirement that a trustee, investment mana ... (1994). See also: fiduciary trustee
special master :: n. a person appointed by the court to carry out an ... ting to the judge. See also: master
personalty :: n. movable assets (things, including animals) whic ... lso: personal effects real property
personal effects :: n. things which include clothes, cosmetics and ite ... e, Susannah"). See also: personalty
partner :: n. 1) one of the co-owners and investors in a "par ... ner limited partnership partnership
underwrite :: v. 1) to agree to pay an obligation which may aris ... antee guarantor insurer underwriter
pretermitted heir :: n. the child of a person who has written a will in ... cified $10,000 each. See also: heir
permanent disability :: n. an injury which impairs the physical and/or men ... t injury Workers' Compensation Acts
mitigation of damages :: n. the requirement that someone injured by another ... he lease) to mitigate his/her loss.
living trust :: n. sometimes called an inter vivos (Latin for "wit ... thrift clause trust trustee trustor
real property :: n. 1) all land, structures, firmly attached and in ... onal property real estate reversion
residue :: n. in a will, the assets of the estate of a person ... distribution residuary bequest will
trustee :: n. a person or entity who holds the assets (corpus ... es. See also: settlor trust trustor
trust :: n. an entity created to hold assets for the benefi ... testamentary trust trustee trustor
severable contract :: n. an agreement which is made up of several separa ... e also: breach of contract contract
foreclosure :: n. the system by which a party who has loaned mone ... ced sale mortgage notice of default
expectancy :: n. a possibility of future enjoyment of something ... o: distribution remainder reversion
tontine :: n. a rare agreement among several persons who agre ... e the remaining assets and profits.
subscribe :: v. 1) to sign at the end of a document. The courts ... r periodical magazine or newspaper.
spendthrift clause :: n. a provision in a trust or will that states that ... tly to Junior. See also: trust will
trader :: in U.S. income tax law, a person who deals in prop ... ultation with a C.P.A. or attorney.
paralegal :: n. a non-lawyer who performs routine tasks requiri ... h less than that for the attorneys.
earnest payment :: n. a deposit paid to demonstrate commitment and to ... (liquidated) or committed damages.
deficiency judgment :: n. a judgment for an amount not covered by the val ... o: foreclosure judicial foreclosure
contingent interest :: n. an interest in real property which, according t ... ontingent remainder future interest
special prosecutor :: n. an attorney from outside of the government sele ... Robert Bork finally discharged Cox.
modus operandi :: (mode-us ah-purr-and-ee or ah-purr-and-eye) n. fro ... es to disguise a fraudulent scheme.
disbarment :: n. the ultimate discipline of an attorney, which i ... ation and/or cure. See also: disbar
deposition :: n. the taking and recording of testimony of a witn ... See also: deponent depose discovery
criminal justice :: n. a generic term for the procedure by which crimi ... endered and punishment carried out.
conservator :: n. a guardian and protector appointed by a judge t ... ies. See also: conservatee guardian
discrimination :: n. unequal treatment of persons, for a reason whic ... qual rights. See also: civil rights
District Attorney (D.A.) :: n. an elected official of a county or a designated ... dent and serve at his/her pleasure.
fictitious defendants :: n. when a party suing (plaintiff) is not sure if h ... are not permitted in federal cases.
fact finder (finder of fact) :: n. in a trial of a lawsuit or criminal prosecution ... n facts. See also: question of fact
exchange :: 1) v. to trade or barter property, goods and/or se ... ins tax. See also: delayed exchange
emblements :: n. crops to which a tenant who cultivated the land ... ome the property of his/her estate.
commingling :: n. the act of mixing the funds belonging to one pa ... rust accounts for funds of another.
child custody :: n. a court's determination of which parent, relati ... pport custody divorce joint custody
attorney's work product :: n. written materials, charts, notes of conversatio ... ivileged communication work product
Attorney General :: n. in each state and the federal government the hi ... izenry. See also: Solicitor General
adoption :: n. the taking of a child into one's family, creati ... the child are met. See also: adopt
accrue :: v. 1) growing or adding to, such as interest on a ... the contract (anticipatory breach).
bank :: n. 1) an officially chartered institution empowere ... erred to as "in bank" or "en banc."
blue laws :: n. state or local laws which prohibit certain acti ... estiges remain at least informally.
capital stock :: n. the original amount paid by investors into a co ... price. See also: corporation stock
capital :: 1) n. from Latin for caput, meaning "head," the ba ... count capital assets stock in trade
broker :: n. in general, a person who arranges contracts bet ... security ("hocked") at high rates.
blue ribbon jury :: n. a jury selected from prominent, well-educated c ... ight to have a jury of one's peers.
fiduciary :: 1) n. from the Latin fiducia, meaning "trust," a p ... lation fiduciary relationship trust
fraud :: n. the intentional use of deceit, a trick or some ... audulent conveyance intrinsic fraud
limited liability :: n. the maximum amount a person participating in a ... ted damages partnership shareholder
joint enterprise :: n. a generic term for an activity of two or more p ... liability joint venture partnership
issue :: 1) n. a person's children or other lineal descenda ... the body incorporation share stock
invasion of privacy :: n. the intrusion into the personal life of another ... randeis. See also: right to privacy
limited partnership :: n. a special type of partnership which is very com ... mited liability partner partnership
Massachusetts Trust :: n. a business in which the investors give manageme ... provide for eventual distribution.
no fault insurance :: n: a type of automobile insurance required of car ... ling lawsuits. See also: negligence
motive :: n. in criminal investigation the probable reason a ... is not necessary to prove a crime.
acceleration :: n. 1) speeding up the time when there is vesting ( ... See also: acceleration clause vest
master :: n. 1) employer, in the area of law known as "maste ... ter and servant respondeat superior
insider trading :: n. the use of confidential information about a bus ... o catch insiders. See also: insider
insider :: n. someone who has a position in a business or sto ... ange Act. See also: insider trading
impeach :: v. 1) to discredit the testimony of a witness by p ... ve been found guilty by the Senate.
immunity :: n. exemption from penalties, payments or legal req ... ws. See also: governmental immunity
holding :: 1) n. any ruling or decision of a court. 2) n. any ... 4) v. keeping in one's possession.
general partner :: n. 1) usually one of the owners and operators of a ... ted partnership partner partnership
income :: n. money, goods or other economic benefit received ... ernment and most state governments.
incompetency :: n. the condition of lacking the ability to handle ... and/or represented by an attorney.
inquest :: n. 1) an investigation and/or a hearing held by th ... surrogate judge. See also: coroner
innocent :: adj. without guilt (not guilty). Usually the plea ... also: arraignment plea plea bargain
incompetent :: adj. 1) referring to a person who is not able to m ... n incompetency incompetent evidence
non-discretionary trust :: n. a trust in which the trustee is directed to inv ... ower in the matter. See also: trust