Expectancy Interest - Law Dictionary Search Results
Home Dictionary Name: expectancy interestexpectancy interest
expectancy interest : expectation interest at interest ...
expectation interest
expectation interest see interest ...
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...
Expectant heir
Expectant heir. A person to whom property will accrue on the death of another person. expectant heirs wishing to anticipate this property have frequently borrowed money, to be repaid when the expected property shall devolve upon them. From the uncertainty of this period, the unsoundness of the security which the expectant heir can offer, and from the pressing character of his immediate necessities, the rate of interest is necessarily higher than that upon an ordinary loan, and is frequently very much higher than the risk run by the lender requires. At Common Law all such loans are good, and the interest upon them, however high, recoverable. By the Usury Acts, indeed-which, however, did not apply to loans to expectant heirs with any greater rigour than to loans to other persons'they were for a long period of yeas subject to the restriction that only a fixed maximum rate of interest could be exacted, but the Usury Acts were repealed in 1854 by 17 & 18 Vict. c. 90. See USURY.From very ear...
Personally interested
Personally interested, does not imply merely intellectual interest but something of the nature of an expectation of advantage to be gained, or of a loss or some disadvantage to be avoided by one who was said to be so interested, Jokhan Singh v. Marjad Koeri, AIR 1972 Pat 208: (1972) Cr LJ 788: (1977) BLJR 403.The question whether a Magistrate is 'personally interested' in a case within the meaning of s. 556, Criminal Procedure Code, has essentially to be decided on the facts of each case. There is no question that 'personal interest' within the meaning of the section is not limited to private interest, and that it may well include official interest also, Rameshwar Bhartia v. State of Assam, AIR 1952 SC 405: (1953) SCR 126.The words not imply mere intellectual interest of a Judge or the court, but something of the nature of an expectation of advantage to be gained, or of a loss or some disadvantage to be avoided, by the person who was said to be interested in the case, Jokhan Singh v. M...
expectancy
expectancy pl: -cies : something expected: as a : an interest held by a person who may receive something (as a bequest) in the future but has no enforceable right to it b : the benefit that will be received from a contract if performed ...
Expectancy, in
Expectancy, in, executory; relating to something in futuro. As to dealings with interest in expectancy, see Re Mudge, (1914) 1 Ch 115, and cases there referred to....
Expectation of life
Expectation of life, in the doctrine of life annuities, is the share or number of years of life which a person of a given age may, upon an equality of chance, expect to enjoy. Consult Inwood's Tables; Jenkins' Life Interests....
Expectant estates
Expectant estates, interests to come into possession and be enjoyed in futuro; they are of two sorts at Common Law-reversions and remainders, 2 Bl. Com. 163....
Legitimate expectation
Legitimate expectation, However, the more important aspect is whether the decision-maker can sustain the change in policy by resort to wednesbury principles of rationality or whether the court can go into the question whether the decision-maker has properly balanced the legitimate expectation as against the need for a change, Punjab Communications Ltd. v. Union of India, (1999) 4 SCC 727.Legitimate expectation, is a latest recruit to a long list of concepts fashioned by the courts for review of administrative actions, Confederation of Ex-Servicemen Assns. v. Union of India, (2006) 8 SCC 399.It is still at a stage of evolution. The principle is at the root of the rule of law and requires regularity, predictability and certainty in the Government's dealings with the public. The procedural part of it relates to a representation that a hearing or other appropriate procedure will be afforded before the decision is made.Means the expectations may be based on some statement or undertaking by,...
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