vested gift
An absolute gift, being neither conditional nor contingent, though its use or enjoyment might not occur until sometime in the future.
Search Results for: vested gift
simony
simony (sim-[schwa]-nee orsI-m[schwa]-nee), n. [fr. Latin simonia “payment for things spiritual,” fr. the proper name Simon Magus (see below)] Hist. Eccles. law. The unlawful practice of giving or receiving money or gifts in exchange for spiritual promotion; esp., the unlawful buying or selling of a benefice or the right to present clergy to a vacant
confusio
confusio (k[schwa]n-fyoo-zhee-oh), n. [fr. Latin confundere “to pour together”] 1. Roman law. An inseparable mixture of liquid property belonging to different owners. Cf. COMMIXTIO. 2. Roman law. The extinction of a right or duty that occurs when the roles of creditor and debtor become united in one person. 3. Scots law. A doctrine whereby a
sale or exchange
sale or exchange. 1. Tax. A voluntary transfer of property for value (as distinguished from a gift) resulting in a gain or loss recognized for federal tax purposes. 2. A transfer of property; esp., a situation in which proceeds of a sale are to be vested in another estate of the same character and use.