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chattel

chattel (chat-[schwa]l). (usu. pl.) Movable or transferable property; personal property; esp., a physical object capable of manual delivery and not the subject matter of real property. “That Money is not to be accounted Goods or Chattels, because it is not of it self valuable ….Chattels are either personal or real. Personal, may be so called […]

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instrument

instrument. 1. A written legal document that defines rights, duties, entitlements, or liabilities, such as a contract, will, promissory note, or share certificate. “An ‘instrument’ seems to embrace contracts, deeds, statutes, wills, Orders in Council, orders, warrants, schemes, letters patent, rules, regulations, bye-laws, whether in writing or in print, or partly in both; in fact,

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chevage

chevage (chee-vij). [fr. French chef “head”] Hist. An annual tribute payment from a villein to a lord. • Chevage was commonly exacted from villeins for permission to marry or permission to work outside a lord’s domain. — Also spelled chivage; chiefage. “Chevage, (chevagium) commeth of the French (chef. i. caput). It signifieth with us, a

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tally

tally. 1. Hist. A stick cut into two parts and marked with notches to show what was due between a debtor and creditor. “The tally, used as a receipt for money or chattels, was a narrow wooden stick with notches of varying dimensions to represent the amount received. After the notches had been cut, the

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investment company

A company formed to acquire and manage a portfolio of diverse assets by investing money collected from different sources. • The Investment Company Act of 1940 defines the term as an issuer of securities that (1) is, holds itself out to be, or proposes to be engaged primarily in the business of investing, reinvesting, or

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tack

tack, n. Scots law. A deed creating a lease of land or other immovable property for an annual rent payable in money, services, or fruits produced on the land. • The lessee may be referred to as a tacksman or tackswoman. — tack, vb. tack, vb. 1. To add (one’s own period of land possession)

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wage

wage, n. (usu. pl.) Payment for labor or services, usu. based on time worked or quantity produced; specif., com-pensation of an employee based on time worked or output of production. • Wages include every form of remu-neration payable for a given period to an individual for personal services, including salaries, commissions, vaca-tion pay, bonuses, and

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indebitum

indebitum (in-deb-i-t[schwa]m), n. & adj. Roman law. A debt that in fact is not owed. • Money paid for a nonexistent debt could be recovered by the action condictio indebiti. Cf. DEBITUM. “A conditional debt if paid could be recovered as an indebitum, so long as the condition was outstanding.” W.W. Buckland, A Manual of

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scutage

scutage (skyoo-tij), n. [fr. Latin scutum “a shield”] Hist. 1. A monetary payment levied by the king on barons as a substitute for some or all of the knights to be supplied to the king by each baron. • This payment seems to date from the 12th century, Henry II (1154–1189) having levied five scutages

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