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ratable

ratable (ray-t[schwa]-b[schwa]l), adj. 1. Proportionate (ratable distribution). 2. Capable of being estimated, appraised, or apportioned ( because hundreds of angry fans ran onto the field at the same time, blame for the goalpost’s destruction is not ratable). 3. Taxable (the government assessed the widow’s ratable estate). See PRO RATA.

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charitable

charitable, adj. 1. Dedicated to a general public purpose, usu. for the benefit of needy people who cannot pay for benefits received (charitable contribution). [Cases: Charities 1–50; Taxation 241. 1. C.J.S. Charities §§ 2–70; Taxation§§ 323–338.] 2. Involved in or otherwise relating to charity (charitable foundation).

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equitable right

A right cognizable within a court of equity. • If a legal right and an equitable right conflict, the legal right ordinarily prevails over and destroys the equitable right even if the legal right arose after the equitable right. With the merger of law and equity in federal and most state courts, the procedural differences

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equitable title

A title that indicates a beneficial interest in property and that gives the holder the right to acquire formal legal title. • Before the Statute of Uses (1536), an equitable title was enforceable only in a court of chancery, not of law. Cf. legal title. [Cases: Vendor and Purchaser 54. C.J.S. Vendor and Purchaser §§

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