reduction to practice. Patents. The embodiment of the concept of an invention, either by physical construction and operation or by filing a patent application with a disclosure adequate to teach a person reasonably skilled in the art how to make and work the invention without undue experimentation. • The date of reduction to practice is […]
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setting, n. The date and time established by a court for a trial or hearing ( the plaintiff sought a continuance of the imminent setting). [Cases: Federal Civil Procedure 1991; Trial 6, 9. C.J.S. Trial §§ 31–38, 60.] special setting. A preferential setting on a court’s calendar, usu. reserved for older cases or cases given
preference. 1. The act of favoring one person or thing over another; the person or thing so favored. 2. Priority of payment given to one or more creditors by a debtor; a creditor’s right to receive such priority. 3. Bankruptcy. PREFERENTIAL TRANSFER. insider preference. A transfer of property by a bankruptcy debtor to an insider
gradual method. An intestate-inheritance scheme that gives priority to relatives who are nearest in degree of consanguinity. • This method dates back to the English Statute of Distributions (1670). Cf. PARENTELIC METHOD; UNIVERSAL INHERITANCE RULE.
grace period. 1. A period of extra time allowed for taking some required action (such as making payment) without incurring the usual penalty for being late. • Insurance policies typically provide for a grace period of 30 days beyond the premium’s due date, during which the premium may be paid without the policy being canceled.
interference, n. 1. The act of meddling in another’s affairs. 2. An obstruction or hindrance. 3. Patents. An administrative proceeding in the U.S. Patent and Trademark Office to determine who is entitled to the patent when two or more applicants claim the same invention, or when an application interferes with an existing patent. • This