Strict - Law Dictionary Search Results
Home Dictionary Name: strictstrict foreclosure
strict foreclosure 1 : a proceeding in which the amount due on a mortgage is determined and a period of time within which it must be paid is fixed with the understanding that in the event of the mortgagor's default title will be vested in the mortgagee free of any right of the mortgagor to redeem compare statutory foreclosure 2 : the acceptance by a creditor of collateral as discharge of an obligation which under the Uniform Commercial Code denies the creditor the right to a deficiency judgment NOTE: Under the U.C.C.'s strict foreclosure provision, notice must be given to other parties having a security interest in the property. If one of these parties objects to the strict foreclosure, there must be a foreclosure sale instead. In some states, deficiency judgments are allowed in strict foreclosure cases as well as foreclosures by sale. ...
strict
strict 1 : characterized by narrowness : not demonstrating a broad or liberal view [ interpretation] 2 a : firm or rigid in requirement or control b : severe in discipline 3 a : inflexibly maintained or adhered to b : rigorously conforming to a principle or norm or condition [a bill of interpleader] 4 : not requiring fault see also strict liability at liability strictly adv ...
Conditio beneficialis, qu' statum construit, benigne secundum verborum intentionem est interpretanda; odiosa autem qu' statum destruit, stricte secundum verborum proprietatem accipienda
Conditio beneficialis, qu' statum construit, benigne secundum verborum intentionem est interpretanda; odiosa autem qu' statum destruit, stricte secundum verborum proprietatem accipienda. 8 Rep. 90. (A beneficial condition, which creates as estate, ought to be construed favourably according to the intention of the words; but a condition which destroys an estate is odious, and ought to be construed strictly according to the letter of the words.)...
Locus pro solutione reditus aut pecunia secundum conditionem dimissionis aut obligationis est stricte observandus
Locus pro solutione reditus aut pecunia secundum conditionem dimissionis aut obligationis est stricte observandus [Lat.], the place, according to the condition of a lease or bond, for the payment of rent or money, is to be strictly observed....
Strict settlement
Strict settlement, a settlement of land, the object of which was, usually, to keep the estates as far as possible in the male line, the eldest son taking in fee or in tail with successive limitations in tail to the exclusion of the younger children, who are pro-vided for by means of portions charged on the property. The limitations vary according to the circumstances of each particular case, but the following may be taken as usual limitations in the case of an ordinary settlement on marriage before 1926: To the use of the husband for life, remainder, subject to a jointure rent-charge to the wife and a term for raising portions for younger children, to the first and other sons in tail-male, remainder to the first and other sons in tail general, remainder to the daughters as tenants in common in tail with cross remainders between them, remainder to the husband in fee. Where the estate also comprised copyholds and leaseholds, these were conveyed to trustees upon trusts to correspond with ...
strict construction
strict construction : interpretation (as of a writing or legislation) based on a literal or technical understanding of the words used ...
strict liability
strict liability see liability ...
strict scrutiny
strict scrutiny : the highest level of judicial scrutiny that is applied esp. to a law that allegedly violates equal protection in order to determine if it is narrowly tailored to serve a compelling state interest see also intermediate, rational basis test ...
liability
liability pl: -ties 1 : the quality or state of being liable 2 : something for which one is liable: as a : a financial obligation : debt [tax ] [the bonds are liabilities] compare asset contingent liability : an amount that may or may not be owed depending on the outcome of a contingency (as a cosigner's default on a loan) fixed liability : a liability (as a bond or mortgage) that does not mature for at least one year from the date incurred or from a given date b : accountability and responsibility to another enforceable by civil remedies or criminal sanctions [ for injuries caused by their product] absolute liability : strict liability in this entry alternative liability : joint liability imposed on multiple tortfeasors when there are simultaneous tortious acts (as defective manufacture of parts of a wheel by different manufacturers) and uncertainty as to which act was the proximate cause of an injury compare concert of action civil liability : liability imposed under c...
Equity
Equity [fr. 'quitas, Lat.] There is some confusion as to the meaning of Equity; as a scheme of jurispru-dence distinct from Law 'Equity' is an equivocal term; the difficulty lies in drawing the dividing lines between the several senses in which it is used. They may be distinguished thus:-(1) Taken broadly and philosophically, Equity means to do to all men as we would they should do unto us-by the Justinian Pandects, honeste vivere, alterum non l'dere, suum cuique tribuere. It is clear that human tribunals cannot cope with so wide a range or duties.(2) Taken in a less universal sense, Equity is used in contradistinction to strict law. This is Moral Equity, which should be the genius of every kind of human jurisprudence; since it expounds and limits the language of the positive laws, and construes them not according to their strict letter, but rather in their reasonable and benignant spirit.Aristotle, in his discussion concerning Moral Equity, Ethics Eud., b.v., c. x, calls it the correc...
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