Accrue - Page 6 - Law Dictionary

Escheat

Escheat [eschet or echet, formed from the word eschoir or echoir, Fr., to happen], a species of reversion; it is a fruit of seigniory, the Crown or lord of the fee, from whom or from whose ancestor the estate was originally derived, taking it as ultimus h'res upon the failure, natural or legal, of the intestate tenant's family.Escheat to the Crown, the Duchy of Lancaster, the Duke of Cornwall and to mesne lords has been abolished by (English) Administration of Estates Act, 1925, s. 45(1). The right of the Crown to 'bona vacantia' now includes real property under (English) A.E. Act, 1925, s. 46. See BONA VACAN-TIA.The title of the Crown was ascertained by inquiry regulated by rules under the (English) Escheat Procedure Act, 1887 (50 & 51 Vict. c. 53), which repealed, as practically inoperative, the numerous statutes from 29 Edw. 1, by which officers called 'escheators' were authorized to hold such inquiries.If differed from a forfeiture [now abolished for treason or felony by the (Engli...

Actio non accrevit infra sex annos

Actio non accrevit infra sex annos, the name of the plea of the Statute of Limitations when the defendant alleges that the plaintiff's action has not accrued within six years, See LIMITATIONS, STATUTE OF....

accretion

accretion 1 : the process or a result of growth or enlargement: as a : the increase or extension of the boundaries of land or the consequent acquisition of land accruing to the owner by the gradual or imperceptible action of natural forces (as by the washing up of sand or soil from the sea or a river or by a gradual recession of the water from the usual watermark) ;also : accession in which the boundaries of land are enlarged by this process compare avulsion, reliction b : increase in the amount or extent of any kind of property or in the value of any property [s to a trust fund resulting from the increase in value of…securities in which its corpus is invested "In re Estate of Gartenlaub, 244 P. 348 (1926)"] NOTE: Accretion in value of the principal of a trust is generally not considered income. c : enlargement of a bargaining unit by the addition of new employees 2 in the civil law of Louisiana : the passing to an heir or conjoint legatee of the right to accept a porti...

compound

compound 1 : to agree for a consideration not to prosecute (an offense) NOTE: Compounding a felony is a common-law crime. 2 : to pay (interest) on both the accrued interest and the principal ...

flat

flat : not varying [a rate] ;specif of a tax : having a rate that remains constant for any taxable base adv : without interest charge ;esp : without allowance or charge for accrued interest [bonds sold ] ...

interest

interest [probably alteration of earlier interesse, from Anglo-French, from Medieval Latin, from Latin, to be between, make a difference, concern, from inter- between, among + esse to be] 1 : a right, title, claim, or share in property Article Nine security interest : security interest in this entry beneficial interest : the right to the use and benefit of property [a beneficial interest in the trust] contingent interest : a future interest whose vesting is dependent upon the occurrence or nonoccurrence of a future event compare vested interest in this entry controlling interest : sufficient stock ownership in a corporation to exert control over policy equitable interest : an interest (as a beneficial interest) that is held by virtue of equitable title or that may be claimed on the ground of equitable relief [claimed an equitable interest in the debtor's assets] executory interest : a future interest other than a remainder or reversion that may take effect upon the divesting...

nonperforming asset

nonperforming asset an asset such as a mortgage that is not currently accruing interest or which interest is not being paid. Source: U.S. Department of Housing and Urban Development ...

tender of delivery

tender of delivery :an offer of goods by a seller to a buyer that consists of putting or holding them at the disposition of the buyer and giving the buyer any notification reasonably necessary for taking delivery [a cause of action for breach of warranty usually accrues upon tender of delivery] compare delivery ...

Bottomry

A contract in the nature of a mortgage by which the owner of a ship or the master as his agent hypothecates and binds the ship and sometimes the accruing freight as security for the repayment of money advanced or lent for the use of the ship if she terminates her voyage successfully If the ship is lost by perils of the sea the lender loses the money but if the ship arrives safe he is to receive the money lent with the interest or premium stipulated although it may and usually does exceed the legal rate of interest See Hypothecation...

Incoming

Coming in accruing...

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