Search Results for: REO

disgrading

disgrading. Hist. 1. The act of degrading. 2. The depriving of an order; the depriving of a dignity. “Disgrading, or degrading, is when a man having taken upon him a dignity temporal or spiritual, is afterwards thereof deprived, be he knight, clerk or other. Whereof if a clerk be delivered to his ordinary, and cannot […]

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treasure trove

treasure trove.[Law French “treasure found”] Valuables (usu. gold or silver) found hidden in the ground or other private place, the owner of which is unknown. • At common law in the United States, the finder of a treasure trove can usu. claim good title against all except the true owner. But until 1996, all treasure

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absolute priority rule

absolute-priority rule. Bankruptcy. The rule that a confirmable reorganization plan must provide for full payment to a class of dissenting unsecured creditors before a junior class of claimants will be allowed to receive or retain anything under the plan. • Some jurisdictions recognize an exception to this rule when a junior class member, usu. a

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regalia

regalia (ri-gay-lee-[schwa]). 1. Hist. Rights held by the Crown under feudal law. • Regalia is a shortened form of jura regalia. regalia majora (m[schwa]-jor-[schwa]). [Latin “greater rights”] The Crown’s greater rights; the Crown’s dignity, power, and royal prerogatives, as distinguished from the Crown’s rights to revenues. regalia minora (mi-nor-[schwa]). [Latin “lesser rights”] The Crown’s lesser

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profit à prendre

profit à prendre (a prawn-dr[schwa] or ah prahn-d[schwa]r). [Law French “profit to take”] (usu. pl.) A right or privilege to go on another’s land and take away something of value from its soil or from the products of its soil (as by mining, logging, or hunting). — Also termed right of common. Pl. profits à

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