such
such, adj. 1. Of this or that kind (she collects a variety of such things). 2. That or those; having just been mentioned (a newly discovered Fabergé egg will be on auction next week; such egg is expected to sell for more than $500,000).
such, adj. 1. Of this or that kind (she collects a variety of such things). 2. That or those; having just been mentioned (a newly discovered Fabergé egg will be on auction next week; such egg is expected to sell for more than $500,000).
holograph (hol-[schwa]-graf), n. A document (such as a will or deed) that is handwritten by its author. • The majority rule is that a holographic will need not be entirely handwritten — only the “material provisions” — to take into account the popular use of fill-in-the-blank will forms. This is also the position of the
The average amount of money in an account (such as a bank account or credit-card account) during a given period. • This amount serves as the basis for computing interest or a finance charge for the period.
average daily balance Read More »
Civil law. A law that primarily affects a person’s condition or status (such as a statute relating to capacity or majority) and affects property only incidentally.
A request that raises a personal privilege relating to a member’s ability to participate effectively in the meeting, such as the member’s ability to see or hear the proceedings. See personal privilege under PRIVILEGE(5).
discretionary (di-skresh-[schwa]-ner-ee), adj. (Of an act or duty) involving an exercise of judgment and choice, not an implementation of a hard-and-fast rule. • Such an act by a court may be overturned only after a showing of abuse of discretion.
physical custody. 1. Custody of a person (such as an arrestee) whose freedom is directly controlled and limited. 2. Family law. The right to have the child live with the person awarded custody by the court. — Also termed residential custody. [Cases: Child Custody 147, 209.] 3. Possession of a child during visitation.
job action. Labor law. A concerted, temporary action by employees (such as a sick-out or work slowdown), intended to pressure management to concede to the employees’ demands without resorting to a strike. See STRIKE(1).
presale. The sale of real property (such as condominium units) before construction has begun. [Cases: Condominium 4. C.J.S. Estates §§ 201, 207–209, 244.]
Bankruptcy. A debtor’s leasing ploy to try to keep property outside the bankruptcy estate, whereby a lease either presents the lessee-debtor with a bargain purchase option or transfers title to the lessee-debtor at the end of the lease term. • When such a lease is discovered, the property is treated as part of the bankruptcy
disguised installment sale Read More »