Lower Limit - Law Dictionary Search Results
lower limit
the limit on the lower or southernmost side of something
floor
[the senator from Utah has the ] 2 : a lower limit [a five percent on deductions for medical expenses]
appeal
is brought before a higher court for review of a lower court's judgment for the purpose of convincing the higher court … new trial, rehearing NOTE: The scope of an appeal is limited. The higher court will review only matters that were objected
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Fee-simple
or dignity, and also in an upper chamber, though the lower buildings and soil belong to another. Littleton, in his Tenures … or transfer it; and the phrase 'for ever' not being limitary but simply declaratory of the time during which the property
jurisdiction
to particular courts to hear appeals of the decisions of lower tribunals and to reverse, affirm, or modify those decisions compare … a federal law). general jurisdiction : jurisdiction that is not limited (as to a particular class of cases) ;specif : the
Loan societies
credits and overdrafts. Loan accounts are said to have a lower operating cost than cash credits and overdrafts because of the … being requisite. The amount which a society may advance is limited to 15l.; and no second loan can be granted until
mortgage
a mortgage having an interest rate which is usually initially lower than that of a mortgage with a fixed rate but … mortgagor to borrow additional sums usually up to a specified limit purchase money mortgage : a mortgage that is given (as
trust
to a beneficiary, often a child, who was in a lower tax bracket. Under the current rules, the settlor is treated … certificates of interest, existence continuing after the death of beneficiaries, limited liability, legal title in the hands of trustees, and officers
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