Termination - Law Dictionary Search Results
ipso facto clause
ipso facto clause : a clause in an agreement stipulating the consequences (as termination of a lease or acceleration of a payment) of the insolvency of one of the parties called also
Marchioness
Marchioness [formed by adding the English female termination to the Ltin marchio], a dignity in a woman answerable to that of marquess in a man, conferred
malicious prosecution
with malice and without probable cause ;also : an action for damages based on this tort brought after termination of the proceedings in favor of the party seeking damages called also malicious use of process; compare abuse
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over
over : based on the termination or failure of a prior estate [a limitation ] see also gift over at gift
power
to which the power relates often under specified circumstances (as upon the default of a mortgage) power of termination : a power of a grantor or the grantor's successors in interest to enter upon an estate that
prescription
NOTE: Liberative prescription is similar to the common-law statute of limitations. prescription of nonuse : the extinguishment or termination of a real right other than ownership as a result of the failure to exercise the right for
reason
reason 1 : an underlying ground, justification, purpose, motive, or inducement [required to provide s for the termination in writing] 2 a : the faculty of comprehending, inferring, or distinguishing esp. in a fair and orderly
trust
lasting at least ten years with income payable to a beneficiary and principal reverting to the settlor upon termination NOTE: Prior to the Tax Reform Act of 1986, a Clifford trust could be used as a tax
reentry
upon the failure of the lessee or grantee to fulfill a covenant or condition see also power of termination at power
right of entry
legal right of taking or resuming possession of real property in a peaceable manner b : power of termination at power c : the legal right to enter upon real property of another for a special purpose
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