Search Results for: LOT

intendment

intendment (in-tend-m[schwa]nt). 1. The sense in which the law understands something (the intendment of a contract is that the contract is legally enforceable). — Also termed intendment of law. 2. A decision-maker’s inference about the true meaning or intention of a legal instrument (there is no need for intendment, the court reasoned, when the text

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maiden

maiden. 1. A young unmarried woman. 2. Scots law. An instrument used to behead criminals. • The Earl of Morton, who had introduced the instrument to Scotland, was the first to be executed by it, in 1581. It was the prototype of the guillotine. Hence, “to kiss the maiden was to be put to death.”

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countertrade

countertrade. A type of international trade in which purchases made by an importing nation are linked to off-setting purchases made by the exporting nation. “Countertrade is barter in modern clothes. It developed rapidly as a form of doing business with the USSR and Eastern European nations in the 1970s and 1980s, before the major economic

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legal description

legal description. A formal description of real property, including a description of any part subject to an easement or reservation, complete enough that a particular piece of land can be located and identified. • The description can be made by reference to a government survey, metes and bounds, or lot numbers of a recorded plat.

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