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regulation q

Regulation Q. A Federal Reserve Board regulation that sets interest-rate ceilings and regulates advertising of interest on savings accounts. • The Banking Act of 1933 is the basis of this regulation, which applies to all commercial banks. [Cases: Banks and Banking 359. C.J.S. Banks and Banking §§ 661–662.]

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discount

discount, n. 1. A reduction from the full amount or value of something, esp. a price. 2. An advance deduction of interest when a person lends money on a note, bill of exchange, or other commercial paper, resulting in its present value. See PRESENT VALUE. 3. The amount by which a security’s market value is

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larcenous intent

A state of mind existing when a person (1) knowingly takes away the goods of another without any claim or pretense of a right to do so, and (2) intends to permanently deprive the owner of them or to convert the goods to personal use. See LARCENY. [Cases: Larceny 3. C.J.S. Larceny §§ 25–29.]

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disentailment

disentailment (dis-[schwa]n-tayl-m[schwa]nt), n. The act or process by which a tenant in tail bars the entail on an estate and converts it into a fee simple, thereby nullifying the rights of any later claimant to the fee tail. See BARRING OF ENTAIL. — Also termed disentailing assurance. [Cases: Estates in Property 12. C.J.S. Estates §§

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hand formula

Hand formula. A balancing test for determining whether conduct has created an unreasonable risk of harm, first formulated by Judge Learned Hand in United States v. Carroll Towing Co., 159 F.2d 169 (2d Cir. 1947). • Under this test, an actor is negligent if the burden of taking adequate precautions against the harm is outweighed

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