Often - Law Dictionary Search Results
Home Dictionary Name: oftenbond
bond 1 a : a usually formal written agreement by which a person undertakes to perform a certain act (as appear in court or fulfill the obligations of a contract) or abstain from performing an act (as committing a crime) with the condition that failure to perform or abstain will obligate the person or often a surety to pay a sum of money or will result in the forfeiture of money put up by the person or surety ;also : the money put up NOTE: The purpose of a bond is to provide an incentive for the fulfillment of an obligation. It also provides reassurance that the obligation will be fulfilled and that compensation is available if it is not fulfilled. In most cases a surety is involved, and the bond makes the surety responsible for the consequences of the obligated person's behavior. Some bonds, such as fidelity bonds, function as insurance agreements, in which the surety promises to pay for financial loss caused by the bad behavior of an obligated person or by some contingency over w...
trust
trust 1 a : a fiduciary relationship in which one party holds legal title to another's property for the benefit of a party who holds equitable title to the property b : an entity resulting from the establishment of such a relationship see also beneficiary, cestui que trust, corpus declaration of trust at declaration, principal, settlor NOTE: Trusts developed out of the old English use. The traditional requirements of a trust are a named beneficiary and trustee (who may be the settlor), an identified res, or property, to be transferred to the trustee and constitute the principal of the trust, and delivery of the res to the trustee with the intent to create a trust. Not all relationships labeled as trusts have all of these characteristics, however. Trusts are often created for their advantageous tax treatment. accumulation trust : a trust in which principal and income are allowed to accumulate rather than being paid out NOTE: Accumulation trusts are disfavored and often restricted...
act
act 1 a : something done by a person in accordance with his or her free will [a tortious ] see also actus reus b : the failure to do something that one has a legal duty to do called also negative act 2 a often cap : the formal product of a legislative body : the formally declared will of a legislature the final requirement of which is usually the signature of the proper executive officer : statute [an of Congress] b : a decision or determination of a sovereign, a legislative council, or a court of justice compare bill 3 often cap : a formal record of something done or transacted [given as my free and deed] [matters of procedure are provided for in that Act "Federal Rules of Civil Procedure Rule 81(a)(6)"] vi 1 : to carry into effect a determination of the will : take action 2 : to discharge the duties of a specified office or post : perform a specified function used with a prepositional phrase [declaring what officer shall then as President "U.S. Constitution art. II"] ...
power
power 1 : capability of acting or of producing an effect [parties of unequal bargaining ] 2 a : authority or capacity to act that is delegated by law or constitution often used in pl. commerce power often cap C&P : the power delegated to Congress under Article I, Section 8 of the U.S. Constitution to regulate commerce esp. among the states see also commerce clause concurrent power : a power that is held simultaneously by more than one entity ;specif : a power delegated to the federal government by the U.S. Constitution that is also held by the states enu·mer·at·ed powers [i-nü-mə-rā-təd-, -nyü-] : the powers specifically named and delegated to the federal government or prohibited to be exercised by the states under the U.S. Constitution compare reserved powers in this entry executive power : the power delegated to the executive of a government ;specif : any or all of the powers delegated to the president under Article II of the U.S...
Hamamelidae
a group of chiefly woody plants considered among the most primitive of angiosperms they have a perianth poorly developed or lacking and flowers often unisexual and often in catkins and often wind pollinated The group contains 23 families including the Betulaceae and Fagaceae includes the Amentiferae sometimes it is classified as a superorder...
Natural justice
Natural justice, the aim of the rules of natural justice is to secure justice or to put it negatively to prevent miscarriage of justice. These rules can operate only in areas not covered by any law validly made. In other words they supplant the rules of natural justice which are not embodied rules. What particular rule of natural justice should apply to a given case must depend to a great extent on the facts and circumstances of that case, the frame-work of the law under which the enquiry is held and the constitution of the Tribunal pointed for the purpose, A.K. Kraipak v. Union of India, AIR 1970 SC 150: (1969) 2 SCC 262.Historically, 'natural justice' has been used in a way 'which implies the existence of moral principles of self-evidence and unarguable truth'. In course of time, judges nurtured in the traditions of British jurisprudence, often involved it in conjunction with a reference to 'equity and good conscience'. Legal experts of earlier generations did not draw any distinctio...
bargain
bargain often attrib [Old French bargaigne negotiation, haggling, from bargaignier to haggle] 1 : an agreement between parties that settles what each gives or receives (as a promise or performance) in a transaction between them compare contract 2 a : something acquired by or as if by bargaining b : something whose value considerably exceeds its cost [a purchase] vi 1 a : to negotiate over the terms of an agreement (as a contract) b : to engage in collective bargaining [the employer must with the union] 2 : to agree to certain terms or conditions : come to terms [plaintiff ed with the store for a lower price] vt : to convey according to a bargain [does hereby grant, , sell, alien and confirm to the party of the second part, the following described property] often used with sell in deeds to indicate that the conveyor is receiving consideration in exchange for the property ...
break
break broke [brōk] bro·ken [brō-kən] break·ing [brā-ki] vt 1 a : violate transgress [ the law] b : to invalidate (a will) by a court proceeding 2 a : to open (another's real property) by force or without privilege (as consent) for entry often used in the phrase break and enter [one who s and enters a dwelling-house of another "W. R. LaFave and A. W. Scott, Jr."] b : to escape by force from [s prison or escapes or flees from justice "Colorado Revised Statutes"] 3 : to cause (a strike) to fail and discontinue by means (as force) other than bargaining vi : to escape with forceful effort often used with out [prisoners wounded while attempting to out] break in·to : to enter by force or without privilege [an officer may break into a building "Arizona Revised Statutes"] ...
broker
broker : an agent who negotiates contracts of sale (as of real estate or securities) or other agreements (as insurance contracts or mortgages) between the parties for a fee or commission compare dealer, finder NOTE: An insurance broker differs from an insurance agent in that a broker is usually considered an agent of the insured, even though he or she may receive a commission from an insurance company. A broker may sell the products of a number of insurers, and an insurer has no liability for a broker's wrongful actions (as misrepresentation or fraud). A securities broker often acts also as a dealer and so is often referred to as a broker-dealer. ...
cash out
cash out 1 : to prematurely redeem the securities of (a holder) often as part of a merger [the merging company will cash out the minority shareholders] 2 a : to accept payment for (a security) in full often unwillingly [the shareholders were required to cash out their shares] b : to dispose of (one's goods or assets) by sale [cashed out his investment] cash-out n ...
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