qualified domestic-relations order. A state-court order or judgment that relates to alimony, child support, or some other state domestic-relations matter and that (1) recognizes or provides for an alternate payee’s right to receive all or part of any benefits due a participant under a pension, profit-sharing, or other retirement benefit plan, (2) otherwise satisfies § […]
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A method of lending in which lenders and investors look primarily to the cash flow from a particular asset for repayment.
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holdback, n. An amount withheld from the full payment of a contract pending the other party’s completion of some obligation, esp. to ensure that a contractor finishes the work agreed on beforehand. • The terms of a holdback are typically expressed in the contract. The device gives the contractor an incentive to finish the work,
de estoveriis habendis (dee es-t[schwa]-veer-ee-is h[schwa]-ben-dis), n. [Law Latin “for having estovers”] Hist. A writ allowing a wife divorced a mensa et thoro (“from bed and board”) to recover alimony or estovers. — Often shortened to estoveriis habendis. “In case of divorce a mensa et thoro, the law allows alimony to the wife which is
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finis (fI-nis orfin-is). [Latin] Hist. 1. Boundary or limit. 2. The compromise of a fine of conveyance. See FINE (1). “The parties then applied to the court to compromise the action; by the terms of the compromise (finis) the intending vendor admitted that the land belonged to the intending purchaser because he had given it
carry, vb. 1. To sustain the weight or burden of; to hold or bear (more weight than a single person can carry). 2. To convey or transport (carrying the coal from one state to another). 3. To possess and convey (a firearm) in a vehicle, including the locked glove compartment or trunk of a car
mortgage banker. An individual or organization that originates real-estate loans for a fee, resells them to other parties, and services the monthly payments.
Costs incurred by a successful party who is entitled to an award of those costs incurred at the conclusion of the matter; esp., appellate court’s order for payment of costs to the party who finally prevails in a proceeding that has been returned to a lower court. [Cases: Costs 69. C.J.S. Costs § 2.]
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truck. Hist. Scots law. The payment of wages in scrip or goods. • Truck systems, once common where workers had to live in isolated areas and depended on company stores for food and clothing, were abolished in the 19th century. “Truck was payment not in money but in goods or tickets which could be exchanged
au besoin (oh b[schwa]-zwan). [French “in case of need”] A designation in a bill of exchange stating who is responsible for payment if the drawee fails or refuses to pay. • Au besoin is part of the phrase au besoin, chez Messrs. Garnier et DuCloux (meaning “in case of need, apply to Messrs. Garnier and