Incur - Law Dictionary Search Results

Irremediable

Not to be remedied corrected or redressed incurable as an irremediable disease or evil

reward for the return of things stolen by an advertisement representing that no questions will be asked, etc., incurs a penalty of 50l. (Larceny Act, 1861, s. 102) Where it is an implied term of an agreement

holder for value

or use of the instrument as security for a claim against another person, a negotiable instrument, or the incurring of an irrevocable obligation to a third party)

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recognize

or the independence of [refused to the new government] 2 : to account for as real, received, or incurred and treat and record appropriately ;specif : to account for (a gain, loss, expense, or income) on current

qualified disclaimer

of the decedent. Thus property disclaimed by a surviving spouse could pass to his or her children without incurring a gift tax. A disclaiming party cannot, however, direct the disposition of the disclaimed interest and must not

predatory pricing

predatory pricing : the practice of pricing goods below cost and incurring a loss in order to reduce or eliminate competition NOTE: Predatory pricing constitutes an antitrust violation.

open-end

open-end : organized to allow for contingencies: as a : permitting additional debt to be incurred under the original debt instrument subject to specified conditions see also open-end mortgage at mortgage b : having

objection to dischargeability

from personal liability for certain dischargeable debts. Common reasons include allegations that the debt to be discharged was incurred by false pretenses or that debt arose because of the debtor's fraud while acting as a fiduciary. Source:

manifest necessity

manifest necessity : a circumstance (as an incurable pleading defect, the unavailability of an essential witness, juror misconduct, or illness of counsel) which is of such

loss ratio

loss ratio : the ratio between insurance losses incurred and premiums earned during a given period

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