primary term. Oil & gas. The option period — set by the habendum clause in an oil-and-gas lease — during which the lessee has the right to search, develop, and produce from the property. • The primary term should be long enough to allow the lessee to evaluate the property and make arrangements to drill. […]
concubine (kong-ky[schwa]-bIn). 1. Archaic. A woman who cohabits with a man to whom she is not married. • A concubine is often considered a wife without title. A concubine’s status arises from the permanent cohabitation of a man and a woman as husband and wife although without the benefit of marriage. Cf. common-law wife under
A secondary motion that does not relate to other business, but rather to the organization, the meeting, its members, and their rights and privileges, and is thus entitled to prompt attention in preference over other pending business. See secondary motion; PRIVILEGE(6).
Subrogation that arises by operation of law or by implication in equity to prevent fraud or injustice. • Legal subrogation usu. arises when (1) the paying party has a liability, claim, or fiduciary relationship with the debtor, (2) the party pays to fulfill a legal duty or because of public policy, (3) the paying party
gavel through. Parliamentary law. To put (a question) to a vote before any member can obtain the floor. • The practice of “gaveling through” a motion is improper under parliamentary law. “It should be noted that, under legitimate parliamentary procedure, there is no such thing as ‘gaveling through’ a measure. The right of members to
yield, n. Profit expressed as a percentage of the investment. — Also termed yield on investment; return. See RATE OF RETURN. coupon yield. The annual interest paid on a security (esp. a bond) divided by the security’s par value. — Also termed nominal yield. current yield. The annual interest paid on a security (esp. a
Family law. 1. A parent’s legal obligation to contribute to the economic maintenance and education of a child until the age of majority, the child’s emancipation before reaching majority, or the child’s completion of secondary education. • The obligation is enforceable both civilly and criminally. [Cases: Child Support 22.] 2. In a custody or divorce
Equal Access Act of 1984. A federal law that prohibits school districts receiving federal funds and allowing extracurricular activities to be held in its facilities from denying secondary-school students the right to meet for religious and other purposes in public-school facilities. 20 USCA § 4071. • The constitutionality of the Act was upheld in Board
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