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Reduction - Law Dictionary Search Results

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waste

of a destructive act by a tenant 2 : a reduction of the value of assets (as in a trust) caused

special forbearance

repayment plan for the borrower that may include a temporary reduction or suspension of monthly loan payments. Source: U.S. Department of

simplified employee pension

that is funded by employer contributions or through a salary reduction arrangement and that places fewer administrative burdens on the employer

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remittitur

: a procedure under which a court may order the reduction of an excessive verdict ;esp : a procedure in which

recoupment

interest of equity see also equitable recoupment b : a reduction in damages because of a demand by the defendant arising

Depolarization

of depriving of polarity or the result of such action reduction to an unpolarized condition

qualifying event

termination from employment for a reason other than gross misconduct, reduction in working hours, and the change in status of a

prepayment penalty

before the due date. It can also apply to principal reduction payments. Source: U.S. Department of Housing and Urban Development

offset

[the creditor's own debt was an ] ;also : the reduction or balance achieved by such a claim [ȯf-set] vt :

mitigation of damages

on this doctrine called also avoidable consequences 2 : a reduction in the amount of damages awarded a party

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