strict settlement
Hist. A property settlement that aimed to keep the estate within the family by creating successive interests in tail and shielding remainders from destruction by the interposition of a trust. Cf. trader’s settlement.
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strict settlement
strict settlement 严格的地产授予 指可以终身保有并能由固定的男性直系卑亲属继承的地产授予。 (→settled land; settlement)
trader’s settlement
Hist. A property settlement in which the land is put into a trust for sale, the proceeds to be either paid out to beneficiaries over time or divided among the settlor’s heirs. Cf. strict settlement.
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protector
protector. 1. An unrelated, disinterested overseer of a trust who possesses broader authority than a trustee. • Protectors are usu. appointed to manage offshore trusts, but the concept is slowly being applied to domestic trusts. Protectors often possess broad powers to act for the benefit of the trust, as by removing trustees and clarifying or
negotiation
negotiation, n. 1. A consensual bargaining process in which the parties attempt to reach agreement on a disputed or potentially disputed matter. • Negotiation usu. involves complete autonomy for the parties involved, without the intervention of third parties. [Cases: Contracts 25. C.J.S. Contracts § 60.] “Negotiation, we may say, ought strictly to be viewed simply
heirloom
heirloom. 1. An item of personal property that by local custom, contrary to the usual legal rule, descends to the heir along with the inheritance, instead of passing to the executor or administrator of the last owner. • Traditional examples are an ancestor’s suit of armor, family portraits, title deeds, and keys. Blackstone gave a
finem facere
finem facere (fI-n[schwa]m fay-s[schwa]-ree). [Latin] Hist. 1. To make a composition or compromise; to relinquish a claim in exchange for consideration. “In the thirteenth century the king’s justices wield a wide and a ‘common law’ power of ordering that an offender be kept in custody. They have an equally wide power of discharging him upon