codicillus (kod-[schwa]-sil-[schwa]s), n. [Latin “little document”] Roman law. 1. An informal document instructing an heir to carry out a certain performance, usu. the payment of money or the transfer of property to a third person. • During the reign of Augustus (27 B.C.–A.D. 14), directives (fideicommissa) contained in codicilli became legally binding. See FIDEICOMMISSUM. 2. […]
Ponzi scheme (pon-zee). A fraudulent investment scheme in which money contributed by later investors generates artificially high dividends for the original investors, whose example attracts even larger investments. • Money from the new investors is used directly to repay or pay interest to earlier investors, usu. without any operation or revenue-producing activity other than the
deforce, vb. 1. To keep (lands) from the true owner by means of force. 2. To oust another from possession by means of force. 3. To detain (a creditor’s money) unjustly and forcibly. — deforciant, n. “The character of the action of debt is well illustrated by the form of the writ as given by
appensura (ap-en-s[y]oor-[schwa]), n. [fr. Latin appendere “to weigh out”] Hist. The payment of money by weight rather than by count.
payable, adj. (Of a sum of money or a negotiable instrument) that is to be paid. • An amount may be payable without being due. Debts are commonly payable long before they fall due. payable after sight. Payable after acceptance or protest of nonacceptance. See sight draft under DRAFT. [Cases: Bills and Notes 129(3). C.J.S.
withdrawal, n. 1. The act of taking back or away; removal (withdrawal of consent). 2. The act of retreating from a place, position, or situation ( withdrawal from the moot-court competition). 3. The removal of money from a depository (withdrawal of funds from the checking account). 4. RENUNCIATION (3) (withdrawal from the conspiracy to commit
pecunia (pi-kyoo-nee-[schwa]), n. [Latin] Hist. 1. Money. 2. Real or personal property. pecunia certa (pi-kyoo-nee-[schwa] s[schwa]r-t[schwa]). [Latin] A definite sum of money. pecunia constituta (pi-kyoo-nee-[schwa] kon-sti-t[y]oo-t[schwa]). [Latin “fixed sum of money”] Roman law. See pactum de constituto under PACTUM. pecunia non numerata (pi-kyoo-nee-[schwa] non n[y]oo-m[schwa]-ray-t[ schwa]). [Latin “money not paid”] Roman law. A defense that
A partnership composed of one or more persons who control the business and are personally liable for the partnership’s debts (called general partners), and one or more persons who contribute capital and share profits but who cannot manage the business and are liable only for the amount of their contribution (called limited partners). • The
limited partnership Read More »
blackmail, n. 1. A threatening demand made without justification; EXTORTION. Cf. FEEMAIL; GRAYMAIL; GREENMAIL(1), (2). [Cases: Extortion and Threats 25. 1. C.J.S. Threats and Unlawful Communications §§ 2–20.] — blackmail, vb. “[Blackmail is] a certain rate of Money, Corn, Cattle, or other consideration, paid to some inhabiting upon, or near the borders, being persons of
withholding, n. 1. The practice of deducting a certain amount from a person’s salary, wages, dividends, winnings, or other income, usu. for tax purposes; esp., an employer’s practice of taking out a portion of an employee’s gross earnings and paying that portion to the government for income-tax and social-security purposes. [Cases: Internal Revenue 4849; Taxation