Futurable - Law Dictionary Search Results
credit
of resources (as money) in the present obtained by the debtor's promise to repay the creditor in the future usually with interest as compensation to the creditor and often secured by a pledge of property or the
de bene esse
bene esse [Medieval Latin, literally, of well-being (i.e., morally acceptable, but subject to legal validation)] : subject to future exception : conditional provisional [depositions de bene esse]
derivative
form of customized contracts transacted outside of security exchanges, while other contracts, such as standard index options and futures, are openly traded on such exchanges. Derivatives often involve a forward contract. adj 1 : arising out of
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discount
to lend money on after deducting a discount [banks negotiable instruments] 3 : to take into account (a future event or prospect) in making present calculations vi : to give or make discounts [dis-kant] adj 1 a
dividend
: a dividend distributed to preferred stockholders that is added to and paid with the next payment or future payments if not paid when due extraordinary dividend : a dividend declared in addition to a regular dividend
duration
duration the number of years it will take to receive the present value of all future payments on a security to include both principal and interest. Source: U.S. Department of Housing and Urban Development
encroachments
done before property transfer. The person who owns the structure will be asked to remove it to prevent future problems. Source: U.S. Department of Housing and Urban Development
expectancy
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
fee
she has a child, which the grantee could then alienate (as by selling), the fee tail creates a future interest in the descendants which prevents the grantee and the descendants from alienating the property. A fee tail
fee simple
term heirs is considered in this context a word of limitation, and so this does not create a future interest in the estate in the heirs but simply makes the estate freely alienable. fee simple conditional :
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