tacking. 1. The joining of consecutive periods of possession by different persons to treat the periods as one continuous period; esp., the adding of one’s own period of land possession to that of a prior possessor to establish continuous adverse possession for the statutory period. See ADVERSE POSSESSION . [Cases: Adverse Possession 39–56. C.J.S. Adverse […]
subordination, n. 1. The act or an instance of moving something (such as a right or claim) to a lower rank, class, or position (subordination of a first lien to a second lien). [Cases: Secured Transactions 147. C.J.S. Secured Transactions § 108.] 2. Parliamentary law. The status and relation of a lower-ranking governing document to
subinfeudation (s[schwa]b-in-fyoo-day-sh[schwa]n), n. Hist. The system under which the tenants in a feudal system granted smaller estates to their tenants, who in turn did the same from their pieces of land. • As this system proceeded down the social scale, the lords were deprived of their feudal profits, as a result of which the system
An international bill of rights proclaimed by the United Nations in December 1948, being that body’s first general enumeration of human rights and fundamental freedoms. • The preamble states that “recognition of the inherent dignity and of the equal and inalienable rights of all members of the human family is the foundation of freedom, justice
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A judgment that has not been executed or enforced within the statutory time limit. • As a result, any judgment lien may have been lost and execution cannot be issued unless the judgment creditor first revives the judgment. See REVIVAL(1).
soft dollars. 1. Securities. The credits that brokers give their clients in return for the clients’ stock-trading business. 2. The portion of an equity investment that is tax-deductible in the first year. Cf. HARD DOLLARS.
subject, adj. Referred to above; having relevance to the current discussion ( the subject property was then sold to Smith). subject, n. 1. One who owes allegiance to a sovereign and is governed by that sovereign’s laws (the monarchy’s subjects). “Speaking generally, we may say that the terms subject and citizen are synonymous. Subjects and
quod permittat prosternere (kwod p[schwa]r-mit-it proh-st[schwa]r-n[ schwa]-ree), n. [Law Latin “that he permit to abate”] Hist. A writ to abate a nuisance, similar in nature to a petition of right. • This writ was abolished by the Real Property Limitation Act of 1833. “This is a writ commanding the defendant to permit the plaintiff to
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encumbrance, n. A claim or liability that is attached to property or some other right and that may lessen its value, such as a lien or mortgage; any property right that is not an ownership interest. • An encumbrance cannot defeat the transfer of possession, but it remains after the property or right is transferred.
no-right, n. The absence of right against another in some particular respect. • A no-right is the correlative of a privilege. — Also termed liability. “A says to B, ‘If you will agree to pay me $100 for this horse you may have him and you may indicate your agreement by taking him.’ This is