simulated fact
A fabricated fact intended to mislead; a lie.
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).
An estate taking effect upon an event that terminates the accumulation of undisposed rents and profits; an estate taking effect when the existing estate terminates.
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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.]
A derivative security providing distributions to classes that receive different proportions of either the principal or interest payments from a pool of mortgage-backed securities. — Abbr. SMBS. See mortgage-backed security.
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