oligopoly (ol-[schwa]-gop-[schwa]-lee), n. Control or domination of a market by a few large sellers, creating high prices and low output similar to those found in a monopoly. Cf. MONOPOLY. — oligopolistic, adj. — oligopolist, n. “One reason for the difficulty in describing and delimiting oligopoly power is the large number of variables that confront any […]
deposit in court. The placing of money or other property that represents a person’s potential liability in the court’s temporary custody, pending the outcome of a lawsuit. — Also termed deposit into the registry of the court. [Cases: Deposits in Court 1. C.J.S. Deposits in Court §§ 1, 4–7.]
A settlement in which the defendant pays the plaintiff purely for economic reasons — as opposed to any notion of responsibility — because without the settlement the defendant would spend more money in legal fees and expenses caused by protracted litigation than in paying the settlement amount. • The money paid in such a settlement
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boteless (boht-l[schwa]s), adj. 1. Hist. Of or relating to an offense that cannot be expiated or otherwise remedied by the payment of a fine, the offender being required to suffer loss of liberty or life. • Boteless offenses appeared in Anglo-Saxon Britain about A.D. 700. They appear to have involved treason or violence against the
disbursement (dis-b[schwa]rs-m[schwa]nt), n. The act of paying out money, commonly from a fund or in settlement of a debt or account payable (dividend disbursement). — disburse, vb.
A revocable trust created by one’s deposit of money, typically in a savings account, in the depositor’s name as trustee for another. • A Totten trust is an early form of “pay on death” account, since it creates no interest in the beneficiary unless the account remained at the depositor’s death. Its name derives from
float, n. 1. The sum of money represented by outstanding or uncollected checks. “ ‘Float’ refers to the artificial balance created due to delays in processing credits and debits to an account.” In re Cannon, 277 F.3d 838, 843 (6th Cir. 2002). 2. The delay between a transaction and the withdrawal of funds to cover
counterfeit, vb. To unlawfully forge, copy, or imitate an item, esp. money or a negotiable instrument (such as a security or promissory note) or other officially issued item of value (such as a postage stamp or a food stamp), or to possess such an item without authorization and with the intent to deceive or defraud
mora (mor-[schwa]), n. [Latin] Roman law. Willful delay or default in fulfilling a legal obligation. • A creditor or debtor in mora could be required to pay interest on any money owed. “The word mora means delay or default. In its technical sense it means a culpable delay in making or accepting performance…. The definition
A corporation’s direct or indirect transfer of money or other property, or incurring of indebtedness to or for the benefit of its shareholders, such as a dividend payment out of current or past earnings. [Cases: Corporations 155(1). C.J.S. Corporations § 300.]
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