margin, n. 1. A boundary or edge. 2. A measure or degree of difference. 3. PROFIT MARGIN. 4. The difference between a loan’s face value and the market value of the collateral that secures the loan. 5. Cash or collateral required to be paid to a securities broker by an investor to protect the broker […]
A trust in which the trustee has no duty other than to transfer the property to the beneficiary. — Also termed dry trust; general trust; nominal trust; simple trust; naked trust; ministerial trust; technical trust. See bare trustee under TRUSTEE. Cf. active trust. [Cases: Trusts 136. C.J.S. Trover and Conversion §§ 13, 243.]
Administrative Procedure Act. 1. A federal statute establishing practices and procedures to be followed in rulemaking and adjudication. • The Act was designed to give citizens basic due-process protections such as the right to present evidence and to be heard by an independent hearing officer. 2. A similar state statute. — Abbr. APA. [Cases: Administrative
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Employment Standards Administration. A unit in the U.S. Department of Labor responsible for administering various laws and programs pertaining to minimum-wage and overtime standards, registration of farm-labor contractors, wage rates to be paid and the nondiscrimination and affirmative-action programs to be followed by government contractors and subcontractors, workers’-compensation programs for federal and certain private employers,
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non molestando (non moh-l[schwa]-stan-doh), n. [Law Latin “by not molesting”] Hist. A writ available to a person whose possession of land has been disturbed, contrary to the Crown’s protection.
void, adj. 1. Of no legal effect; null. • The distinction between void and voidable is often of great practical importance. Whenever technical accuracy is required, void can be properly applied only to those provisions that are of no effect whatsoever — those that are an absolute nullity. — void, avoid, vb. — voidness, n.
premises (prem-[schwa]-siz). 1. Matters (usu. preliminary facts or statements) previously referred to in the same instrument (wherefore, premises considered, the plaintiff prays for the following relief). 2. The part of a deed that describes the land being conveyed, as well as naming the parties and identifying relevant facts or explaining the reasons for the deed.
egg donation. Family law. A type of assisted-reproductive therapy in which eggs are removed from one woman and transplanted into the uterus of another woman, who carries and delivers the child. • In egg donation, the egg is usu. fertilized in vitro. See IN VITRO FERTILIZATION; ASSISTED REPRODUCTIVE TECHNOLOGY.