Lower Limit - Law Dictionary Search Results

appellare] : a proceeding in which a case is brought before a higher court for review of a lower court's judgment for the purpose of convincing the higher court that the lower court's judgment was incorrect ;also … in a court see also affirm compare certiorari, new trial, rehearing NOTE: The scope of an appeal is limited. The higher court will review only matters that were objected to or argued in the lower court during

floor

c : the right to address an assembly [the senator from Utah has the ] 2 : a lower limit [a five percent on deductions for medical expenses]

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Fee-simple

as well as in personalty, as an annuity or dignity, and also in an upper chamber, though the lower buildings and soil belong to another. Littleton, in his Tenures (1. i., c. 1, s. 1), gives a … of his estate, as entitling him to alien or transfer it; and the phrase 'for ever' not being limitary but simply declaratory of the time during which the property shall be enjoyed, might also have been omitted.

jurisdiction

state court. appellate jurisdiction : the jurisdiction granted to particular courts to hear appeals of the decisions of lower tribunals and to reverse, affirm, or modify those decisions compare original jurisdiction in this entry concurrent jurisdiction : … (as by depending on construction or application of a federal law). general jurisdiction : jurisdiction that is not limited (as to a particular class of cases) ;specif : the personal jurisdiction granted a court over a party

mortgage

[applied for a ] adjustable rate mortgage : a mortgage having an interest rate which is usually initially lower than that of a mortgage with a fixed rate but which is adjusted periodically according to an index … that secures a loan agreement which allows the mortgagor to borrow additional sums usually up to a specified limit purchase money mortgage : a mortgage that is given (as to a lender) to secure a loan for

Loan societies

which is necessary in the case of cash credits and overdrafts. Loan accounts are said to have a lower operating cost than cash credits and overdrafts because of the larger number of operations in the case of … of a will or letters of administration not being requisite. The amount which a society may advance is limited to 15l.; and no second loan can be granted until the first is repaid. The society is permitted

trust

settlor, who was in a higher tax bracket, to a beneficiary, often a child, who was in a lower tax bracket. Under the current rules, the settlor is treated as the owner of any portion of a … characterized by some kind of commercial activity, transferable certificates of interest, existence continuing after the death of beneficiaries, limited liability, legal title in the hands of trustees, and officers having duties of management called also common-law trust

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