mutuum (myoo-choo-[schwa]m), n. 1. A transaction (sometimes referred to as a bailment) in which goods are delivered but, instead of being returned, are replaced by other goods of the same kind. • At common law such a transaction is regarded as a sale or exchange, not as a bailment, because the particular goods are not […]
pignoratio (pig-n[schwa]-ray-shee-oh), n. [Latin] 1. Roman law. The real contract (pignus) under which a debtor handed something over to a creditor as security; the act of depositing as a pledge. — Also spelled pigneratio. 2. Civil law. The impounding of another’s cattle (or other animals) that have damaged property until the cattle’s owner pays for
starr (stahr), n. [fr. Latin starrum fr. Hebrew sh’tar “a writing”] Hist. A Jewish contract (esp. for release of an obligation) that Richard I declared to be invalid unless it was placed in a lawful repository, the largest being in the king’s Exchequer at Westminster. Pl. starra, starrs. “It is well known that, before the
escrow (es-kroh), n. 1. A legal document or property delivered by a promisor to a third party to be held by the third party for a given amount of time or until the occurrence of a condition, at which time the third party is to hand over the document or property to the promisee (the