Search Results for: REP

theft by extortion

Larceny in which the perpetrator obtains property by threatening to (1) inflict bodily harm on anyone or commit any other criminal offense, (2) accuse anyone of a criminal offense, (3) expose any secret tending to subject any person to hatred, contempt, or ridicule, or impair one’s credit or business reputation, (4) take or withhold action […]

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deed of trust

A deed conveying title to real property to a trustee as security until the grantor repays a loan. • This type of deed resembles a mortgage. — Also termed trust deed; trust indenture; indemnity mortgage. — Also termed common-law mortgage. [Cases: Mortgages 8. C.J.S. Mortgages §§ 5–6, 10.]

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durrett rule

Durrett rule. Bankruptcy. The principle that a transfer of property in exchange for less than 70% of the property’s value should be invalidated as a preferential transfer. Durrett v. Washington Nat’l Ins. Co., 621 F.2d 201 (5th Cir. 1980); 11 USCA § 548. • This rule has been applied most frequently to foreclosure sales. But

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pro bono

pro bono (proh boh-noh), adv. & adj.[Latin pro bono publico “for the public good”] Being or involving uncompensated legal services performed esp. for the public good (took the case pro bono) (50 hours of pro bono work each year). [Cases: Attorney and Client 132. C.J.S. Attorney and Client §§ 299–303.] “The bar in this country

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legislative council

legislative council. 1. A state agency that studies legislative problems and plans legislative strategy between regular legislative sessions. 2. In some English-speaking jurisdictions, the upper house of a legislature (corresponding to an American senate). 3. In some English-speaking jurisdictions, the lower house of a legislature (corresponding to an American House of Representatives).

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buy back clause

buy-back clause. 1. Contracts. A provision that requires a manufacturer or franchiser to buy back inventory and equipment if the distributor or franchisee’s contract is terminated prematurely. 2. Contracts. A clause allowing the seller of property the right or opportunity to repurchase the property under stated conditions. 3. Insurance. An insurance-policy clause that provides for

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