Equity - Law Dictionary Search Results
master in chancery
master in chancery :a master in a court of equity NOTE: Since courts of law and equity have been merged in the federal and most state systems, the
security
bond) serving as evidence of the indebtedness of the issuer (as a government or corporation) to the owner equity security : a security (as a share of stock) serving as evidence of an ownership interest in the
unjust enrichment
unjust enrichment 1 : the retaining of a benefit (as money) conferred by another when principles of equity and justice call for restitution to the other party ;also : the retaining of property acquired esp. by
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Chancery
England formerly the highest court of judicature next to the Parliament exercising jurisdiction at law but chiefly in equity but under the jurisdiction act of 1873 it became the chancery division of the High Court of Justice
capitalization
;esp : paid-in capital at capital [inadequate ] 3 : total capital liabilities of a business including both equity capital and debt capital NOTE: Equity capital is considered a liability because the investors may recall some or
Action
But lawyers usually speak of proceedings in courts of law as 'action' and of those in courts of equity as 'suit.' In olden times there was a more marked distinction, for an action was considered as terminating
Assets
available for the payment of debts through the operation of a decree or order of a Court of Equity; they were treated as a trust fund, and on the principle of equality being equity are divided pari
Devastavit
the duties of the office, and becomes a trustee in the sense that he is personally liable in equity for all breaches of the ordinary trusts which in courts of equity are considered to arise from his
Bar, plea in
were consequently divided into (1) pleas by way of traverse, and (2) pleas by confession and avoidance. In Equity, a plea in bar was a defence resorted to when there was no defect apparent on the face
Civil Law
Aureorum (of important matters), in order to teach the rudiments of the law and the great principles of equity, and were divided so as to form an elementary introduction to legal study. The division is into four
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