amortization (am-[schwa]r-t[schwa]-zay-sh[schwa]n), n. 1. The act or result of gradually extinguishing a debt, such as a mortgage, usu. by contributing payments of principal each time a periodic interest payment is due. negative amortization. An increase in a loan’s principal balance caused by monthly payments insufficient to pay accruing interest. 2. The act or result of […]
appreciation, n. An increase in an asset’s value, usu. because of inflation. Cf. DEPRECIATION. — appreciate, vb. — appreciable, adj.
revocatory action (rev-[schwa]-k[schwa]-tor-ee or ri-vok-[schwa]-tor-ee).Civil law. An action brought by a creditor to annul a contract that has been entered into by the debtor and that will increase the debtor’s insolvency. La. Civ. Code art. 2036. [Cases: Fraudulent Conveyances 205–328.]
fructus pecudum (fr[schwa]k-t[schwa]s pek-y[schwa]-d[schwa]m). [Latin “fruits of the herd”] The produce or increase of flocks or herds.
loss-of-chance doctrine. A rule in some states providing a claim against a doctor who has engaged in medical malpractice that, although it does not result in a particular injury, decreases or eliminates the chance of surviving or recovering from the preexisting condition for which the doctor was consulted. — Also termed lost-chance doctrine; increased-risk-of-harm doctrine.
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undue-burden test. Constitutional law. The Supreme Court test stating that a law regulating abortion will be struck down if it places a substantial obstacle in the path of a woman’s right to obtain an abortion. • This test replaced the “trimester analysis,” set forth in Roe v. Wade, in which the state’s ability to restrict
uncollected funds. A credit, such as an increase in the balance of a checking or other deposit account in a bank, given on the basis of a check or other right to payment that has not yet been received from the drawee or other payor. [Cases: Banks and Banking 122, 133, 137. C.J.S. Banks and
An agreement to indemnify against loss resulting from a broad group of causes such as legal liability, theft, accident, property damage, and workers’ compensation. • The meaning of casualty insurance has become blurred because of the rapid increase in different types of insurance coverage. Cf. accident insurance. [Cases: Insurance 1008; Workers’ Compensation 1061. C.J.S. Insurance
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scalping, n. 1. The practice of selling something (esp. a ticket) at a price above face value once it becomes scarce (usu. just before a high-demand event begins). 2. The purchase of a security by an investment adviser before the adviser recommends that a customer buy the same security. • This practice is usu. considered