Reduction - Law Dictionary Search Results
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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