blind-bidding. Copyright. In the licensing of movies for first-run engagements, the practice by film distributors of requiring theater owners to bid for and book movies without having seen them. • By statute, some states prohibit blind-bidding.
freeze, n. 1. A period when the government restricts or immobilizes certain commercial activity. credit freeze. A period when the government restricts bank-lending. wage-and-price freeze. A period when the government forbids the increase of wages and prices. 2. A recapitalization of a closed corporation so that the value of its existing capital is concentrated primarily
Revenue Procedure. An official statement by the IRS regarding the administration and procedures of the tax laws. — Abbr. Rev. Proc. [Cases: Internal Revenue 3048.]
looseleaf service. A type of lawbook having pages that are periodically replaced with updated pages, designed to cope with constant change and increasing bulk. “The first loose leaf service covered the federal income tax, and was published in 1913 shortly after the Federal Income Tax Law of 1913 went into effect. It was followed in
praerogativa regis (pree-rog-[schwa]-tI-v[schwa] ree-jis). [Law Latin “of the Crown’s prerogative”] Hist. A declaration made at the time of Edward I (1272–1307) defining certain feudal and political rights of the Crown, including the right to wardship of an idiot’s lands to protect the idiot’s heirs from disinheritance or alienation. — Also termed de praerogativa regis (dee
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curatory, n. Scots law. The management by a curator of the affairs of someone incapable, esp. consent to the legal acts of a minor to cure the minor’s legal incapacity.
taker, n. A person who acquires; esp., one who receives property by will, by power of appointment, or by intestate succession. [Cases: Wills 492–495. C.J.S. Wills §§ 902–905, 928, 956, 964–966.] first taker. A person who receives an estate that is subject to a remainder or executory devise. presumptive taker. A person who would take
discriminant function (di-skrim-[schwa]-n[schwa]nt). An IRS method of selecting tax returns to be audited. • The method consists of (1) using a computer program to identify returns with a high probability of error (such as those showing a disproportionate amount of deductible expenses), and (2) having examiners manually review the selected returns to determine which ones
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brephotrophus (bre-fah-tr[schwa]-f[schwa]s). [Greek] Civil law. A person who manages institutions that receive and care for poor or abandoned children. • The word is Greek in origin (lit. meaning “one who feeds an infant”) and was used in late Roman law, but it first appeared in English in the 18th century. Pl. brephotrophi.
going through the bar. Hist. A daily process in which the court would ask all barristers present whether they had motions to present. • This practice, which ended in 1873, was conducted according to seniority, except for the last day of a term, when the junior barristers were asked first.
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