Arm S Length - Law Dictionary Search Results

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arm's length

arm's length : the condition of the parties to a business deal in which each has independent interests and one does not dominate the other often used in the phrase at arm's length [a contract made at arm's length] arm's-length adj ...

insider

insider : a person who is in a position of power or has access to confidential information: as a : one (as an officer, director, employee, relative, or owner of more than 10% of the corporation's stock) who is in a position to have special knowledge of the affairs of or to influence the decisions of a company b : an individual (as a relative or an influential party) or entity (as a corporate affiliate) having a close relationship with a debtor such that transactions are not made at arm's length and are subject to closer scrutiny than the transactions of those dealing at arm's length ...

Firearms

Firearms. This word comprises all sorts of guns, fowling-pieces, blunderbusses, pistols, etc. Their discharge in a street is penal.A weapon that expels a projected (such as ballets or pallets) by combustion of gunpowder or other explosive, Black's Law Dictionary, 7th Edn.For the purposes of the (English) Fire Arms Act, 1920 (10 & 11 Geo. 5, c. 43), 'firearm' means 'any lethal firearm or other weapon of any description from which any shot, bullet or other missile can be discharged, or any part thereof, and the expression 'ammunition' means ammunition for any such firearms, and includes grenades, bombs, and other similar missiles, whether such missiles are capable of use with a firearm or not. The (English) Firearms Act, 1934 (24 & 25 Geo. 5, c. 16), amends the definition by including smoothbore shot gun, air gun, or air rifle and ammunition, if deemed a lethal weapon. A person under seventeen shall not purchase or hire, nor shall anyone sell to such person, a firearm or ammunition. A pe...

Arm of the sea

Arm of the sea, means the portion of a river or bay in which the tide ebbs and flows. It may extend as far into the interior as the water of the river is ropelled backward by the tide, Black Law Dictionary 7th Edn., p. 103.Arm of the sea, a bay, road, creek, cove, port, or river, where the water, whether salt of fresh, ebbs and flows, 5 Rep. 107. In Coulbert v. Troke, (1875) 1 QBD 1, it was held that the three-mile distance from the place of lodging which qualified a person to be a bona fide traveller within the meaning of s. 9 of the Licensing Act, 1874, was rightly calculated across an arm of the sea across which there was a public ferry....

arm

arm Adjustable Rate Mortgage; a mortgage loan subject to changes in interest rates; when rates change, ARM monthly payments increase or decrease at intervals determined by the lender; the change in monthly payment amount, however, is usually subject to a cap. Source: U.S. Department of Housing and Urban Development ...

Arm of the State

Arm of the State, means an entity created by a State and operating as an alter ego or instrumentalities of the State, such as a State University or a State Department of U.S. Constitution generally bars suits in Federal Court by individuals against States. The amendment has been interpreted as protecting arms of the State as well as the State itself. Courts usually, find an entity to be an arm of the State if it operates without substantial autonomy from State regulation. For example, cities and local school districts have been held not to be arms of the State, Black Law Dictionary 7th Edn., p. 103....

adjustable-rate mortgage (arm)

adjustable-rate mortgage (arm) a mortgage loan that does not have a fixed interest rate. During the life of the loan the interest rate will change based on the index rate. Also referred to as adjustable mortgage loans (AMLs) or variable-rate mortgages (VRMs). Source: U.S. Department of Housing and Urban Development ...

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