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Reversion

in the freehold or leasehold reversion, which together may form a legal estate subject to the term. A future interest in land arising by operation of law whenever an estate owner grants to another a particular estate,

Sale agreement

agreement, means a contract in which owner-ship of property is presently transferred, or will be transferred in the future, from a seller to a buyer for a fixed sum, Black's Law Dictionary, 7th Edn., p. 1340.

Re-exchange

this: a merchant in London endorses a bill for a certain number of Austrian florins, payable at a future date in Vienna. The holder is entitled to receive in Vienna, on the day of the maturity of

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Secondary use

returns from India, then to the use of C. and his heirs, Steph. Com. Vol. II., 'Present and Future Interests.'

Security for costs

plaintiff; or from a person compelled to litigate. Security for costs may extend as well to past as future costs. The Rules under the Judicature Acts make no change with reference to the subject of security for

Separation

far as relates to the trusts and covenants of the husband; but if it contemplate a contingent or future separation it is void, a opposed to the policy of marriage, and the well-being of the community. The

Settled land

and may come into existence (a) in the event of land being limited in trust contingently on a future event, or (b) in case of a discretionary trust, or (c) a trust for accumulation, or in other

Sewer

Public Health Act, 1875 (38 & 39 Vict. c. 55), and, with certain exceptions, vests all existing and future sewers within the district of a local authority in such authority, and places the under its control, giving

Simple warrandice

Simple warrandice, an obligation to warrant to secure from all subsequent and future deeds of the grantor, Scots term.

Speaker

is strict impartiality. He is also vested with wide discretionary powers. His rulings constitute precedents which guide the future Speaker. Great privilege is attached to this office, his authority is recognized and respected by members on all

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