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key money

key money. 1. Payment (as rent or security) required from a new tenant in exchange for a key to the leased property. [Cases: Landlord and Tenant 184(2). C.J.S. Landlord and Tenant §§ 473(2–5).] 2. Payment made (usu. secretly) by a prospective tenant to a landlord or current tenant to increase the chance of obtaining a […]

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joint administration

joint administration. Bankruptcy. The management of two or more bankruptcy estates, usu. involving related debtors, under one docket for purposes of handling various administrative matters, including notices to creditors, to conclude the cases more efficiently. • A bankruptcy court can order a joint administration when there are two or more cases pending involving a husband

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