redlining, n. 1. Credit discrimination (usu. unlawful discrimination) by an institution that refuses to provide loans or insurance on properties in areas that are deemed to be poor financial risks or to the people who live in those areas. [Cases: Civil Rights 1041, 1079; Consumer Credit 31. C.J.S. Civil Rights §§ 2–3, 14–17, 21, 23; […]
A security issued by a financial institution as a short-term source of funds, usu. with a fixed interest rate and maturity of one year or less. [Cases: Banks and Banking 152. C.J.S. Banks and Banking §§ 294–300, 370.]
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A mortgage, not backed by government insurance, by which the borrower transfers a lien or title to the lending bank or other financial institution. • These mortgages, which feature a fixed periodic payment of principal and interest throughout the mortgage term, are typically used for home financing. — Also termed conventional loan.
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commitment, n. 1. An agreement to do something in the future, esp. to assume a financial obligation (the shipper made a firm commitment to deliver the goods). 2. The act of entrusting or giving in charge (commitment of money to the bank). 3. The act of confining a person in a prison, mental hospital, or
juror (joor-[schwa]r alsojoor-or). A person serving on a jury panel. — Also formerly termed layperson; juryman; jurator. grand juror. A person serving on a grand jury. petit juror (pet-ee). A trial juror, as opposed to a grand juror. presiding juror. The juror who chairs the jury during deliberations and speaks for the jury in court
maintenance, n. 1. The continuation of something, such as a lawsuit. 2. The continuing possession of something, such as property. 3. The assertion of a position or opinion; the act of upholding a position in argument. 4. The care and work put into property to keep it operating and productive; general repair and upkeep. 5.
adventure. 1. A commercial undertaking that has an element of risk; a venture. Cf. JOINT VENTURE. 2. Marine insurance. A voyage involving financial and insurable risk, as to a shipment of goods. — Often shortened to venture. [Cases: Insurance 2214.] common adventure. A maritime enterprise, characterized as an undertaking in which all participants, including the
economic right. (usu. pl.) Copyright. A legal interest and power that concerns a financial benefit from a work, as distinguished from a moral interest that a creator has in a creation. • The term is mostly used in civil-law countries that recognize creators’ moral rights.
business transaction. An action that affects the actor’s financial or economic interests, including the making of a contract.
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