correal (kor-ee-[schwa]l or k[schwa]-ree-[schwa]l), adj. [fr. Latin correus “codebtor”] Roman law. Of or relating to liability that is joint and several. • A correal debtor who paid an entire obligation had no right of action against a codebtor. See CORREUS; SOLIDARY. “If Aulus, having first obtained from Titius the promise of a hundred aurei, turned […]
liquidate, vb. 1. To settle (an obligation) by payment or other adjustment; to extinguish (a debt). 2. To ascertain the precise amount of (debt, damages, etc.) by litigation or agreement. 3. To determine the liabilities and distribute the assets of (an entity), esp. in bankruptcy or dissolution. 4. To convert (a nonliquid asset) into cash.
white book. 1. Hist. (cap.) ALBUS LIBER. 2. A government report bound in white, common esp. in European and papal affairs.
boilerplate, n. 1. Ready-made or all-purpose language that will fit in a variety of documents. • The term, first recorded in 1893, may have referred to steel plates affixed to boilers. But the modern sense comes from the use of the term to refer to copy set on printing plates (or molds to make the
One of a board of officers to whom, in some states, a township’s affairs are entrusted. [Cases: Towns 28. C.J.S. Towns §§ 95–114.]
prefer, vb. 1. To put forward or present for consideration; esp. (of a grand jury), to bring (a charge or indictment) against a criminal suspect (the defendant claimed he was innocent of the charges preferred against him). 2. To give priority to, such as to one creditor over another (the statute prefers creditors who are
ante redditas rationes (an-tee red-[schwa]-tas ray-shee-oh-nis or rash-ee). [Law Latin] Scots law. Before accounts are rendered. • A tutor could not file an action against a minor to recover payments unless the tutor first provided an accounting of the ward’s estate.
ante redditas rationes Read More »
nati et nascituri (nay-tI et nas-[schwa]-t[y]oor-Ior -t[y][schwa]r-I), n. pl.[Latin “born and to be born”] Hist. A person’s heirs, near and remote.
A warranty against any person’s claim made by, through, or under the grantor or the grantor’s heirs. [Cases: Covenants 48, 67. C.J.S. Covenants §§ 24, 29.]