Optional - Law Dictionary Search Results
Charities, or Public Trusts
v. National provincial Bank, 1924 AC 262; and Verge v. Somerville, 1924 AC 496; if there is any option in the matter, the gift will be void. To be valid a charitable bequest must be for the
partial claim
partial claim a loss mitigation option offered by the FHA that allows a borrower, with help from a lender, to get an interest-free loan
permissive
compulsory: as a : allowed or made under a standard, rule, or provision that permits discretion or an option see also permissive intervention at intervention permissive presumption at presumption compare compulsory b : allowed under modern rules
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preserve
later time esp. by keeping a record of [deposed the witness to her testimony] [a party has the option of preserving the objection raised "J. H. Friedenthal et al."] pres·er·va·tion [pre-zər-vā-shən] n
replacement
replacement 1 a : the act of replacing : the state of being replaced b : an insurer's option under a policy to replace or repair damaged property rather than pay the insured for the loss 2
special forbearance
special forbearance a loss mitigation option where the lender arranges a revised repayment plan for the borrower that may include a temporary reduction or
unilateral
made by only one party esp. because the other has already performed (as by paying an amount) [an option contract is ] uni·lat·er·al·ly adv
exercisable
That may be exercised used or exerted as the stock options are exercisable for only five years from the date of issue
expiration dated
bearing a date after which it is no longer valid or salable of a security option or perishable item
Hire purchase
A contract more fully called contract of hire with an option of purchase in which a person hires goods for a specified period and at a fixed rent with
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