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Next presentation

Next presentation, the right to present to an ecclesiastical benefice on the occurrence of the next vacancy. The purchase of the next presentation of a vacant benefice is illegal and void; and a clerk could not purchase

Money land

sold of any tenure where the money arising from the sale is subject to be invested in the purchase of lands to be settled, so that any person, if the lands were purchased, would have an estate-tail

Market and fair

Market and fair, Market may strictly be defined as 'the meaning or congregating together of people for the purchase and sale of provisions or livestock, publicly exposed, at a fixed time and place'. A 'fair' has been

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Mancipation

Mancipation, a legal formality for acquiring property by either an actual or a simulated purchase. The formality consisted in laying hold of a thing and arresting title to it before five witnesses, followed

Man, Isle of

the female line, the Duke of Athol, sold it to the Crown for 70,000l., being about ten years' purchase of the annual revenue, by the Isle of Man Purchase Act, 1765 (5 Geo. 3, c. 26). The

Lands Clauses Consolidation Act, 1845, (English)

this general Act to every undertaking established by any special Act passed after its date by which the purchase or taking of lands for such undertaking is authorised and incorporate the general Act with such special Act

Hirer

Hirer, means the person who obtains or has obtained possession of goods from an owner under a hire-purchase agreement, and includes a person to whom the hirer's rights or liabilities under the agreement have passed by...

Heir

'heir' may become entitled to an equitable interest in personality and realty corresponding to a real estate by purchase under the old law; see (English) Law of Property Act, 1925, s. 132. S. 131 of the same

short-swing profit

short-swing profit : a profit made by a corporate insider who purchases stock and sells it or sells stock and purchases it within a prescribed period NOTE: Section 16(b) of

bill

date or on demand ;also : draft due bill : a bill given by a bank to the purchaser of a security in place of the security itself that entitles the purchaser to receive payment upon presentation

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