dead man’s part. 1. Archaic. By custom in certain places, the portion of a dead man’s estate set aside for mass services; later, that portion set aside as payment for the administrator. • That portion ranged from one-third (if the deceased had a wife and children) to the entire estate (if the deceased had no […]
banking day. 1. Banking hours on a day when a bank is open to the public for carrying on substantially all its banking functions. • Typically, if the bookkeeping and loan departments are closed by a certain hour, the remainder of that day is not part of that bank’s banking day. 2. A day on
viator (vI-ay-t[schwa]r). 1. APPARITOR(1). 2. A terminally or chronically ill life-insurance policyholder who sells the policy to a third party in return for a lump-sum payment equal to a percentage of the policy’s face value. [Cases: Insurance 1994.]
security for costs. Money, property, or a bond given to a court by a plaintiff or an appellant to secure the payment of court costs if that party loses. [Cases: Costs 105, 302; Federal Civil Procedure 2732. C.J.S. Costs §§ 59, 63; Criminal Law §§ 1742–1743.]
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Commercial law. An instrument under which the issuer (usu. a bank), at a customer’s request, agrees to honor a draft or other demand for payment made by a third party (the beneficiary), as long as the draft or demand complies with specified conditions, and regardless of whether any underlying agreement between the customer and the
stock certificate. An instrument evidencing ownership of shares of stock. — Also termed certificate of stock; share certificate. [Cases: Corporations 94. C.J.S. Corporations § 172.] face-amount certificate. 1. A certificate, investment contract, or other security representing an obligation by its issuer to pay a stated or determinable sum, at a fixed or determinable date or
bribery, n. The corrupt payment, receipt, or solicitation of a private favor for official action. • Bribery is a felony in most jurisdictions. See Model Penal Code § 240. 1. Cf. KICKBACK. [Cases: Bribery 1. C.J.S. Bribery §§ 2–3, 5–8, 10–11.] — bribe, vb. “If money has been corruptly paid and corruptly received, for the
compromise, n. 1. An agreement between two or more persons to settle matters in dispute between them; an agreement for the settlement of a real or supposed claim in which each party surrenders something in concession to the other. — Also termed compromise and settlement; (erroneously) compromise settlement. [Cases: Com-promise and Settlement 1. C.J.S. Compromise