Wasting Asset - Law Dictionary Search Results
wasting asset
Matched in: Term wasting asset
Devastavit
Waste or misapplication of the assets of a deceased person by an executor or an administrator … Waste or misapplication of the assets of a deceased person by an executor or an administrator
waste
waste 1 : destruction of or damage to property that is caused by the act or omission of one … the intentional commission of a destructive act by a tenant 2 : a reduction of the value of assets (as in a trust) caused by a failure to exercise proper care or sound judgment in managing them
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asset
Matched in: Term asset
Devastavit
Devastavit (he has wasted), a devastation or waste of the property of the deceased person by an executor or administrator by extravagance … of the property of the deceased person by an executor or administrator by extravagance or misapplication of the assets, for which he is liable. 'A devastavit or waste in an executor or administrator is when he doth
devastavit
devastavit [Medieval Latin, he/she has spoiled (someone's property)] 1 : mismanagement or waste of the assets in the estate of a deceased person by the fiduciary in charge of the estate … devastavit [Medieval Latin, he/she has spoiled (someone's property)] 1 : mismanagement or waste of the assets in the estate of a deceased person by the fiduciary in charge of the estate (as the executor)
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