averaging down
averaging down. An investment strategy in which shares in the same company are purchased at successively lower prices to achieve a lower average cost than the first purchase.
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amerce
amerce ([schwa]-m[schwa]rs), vb. 1. To impose a fine or penalty that is not fixed but is left to the court’s discretion; to punish by amercement. 2. To fine or punish in any manner. — amerceable ([schwa]-m[schwa]r-s[ schwa]-b[schwa]l), amerciable ([schwa]-m[schwa]r-see-[schwa]-b[ schwa]l), adj. “There were two more aspects to this financial scheme of permitting suitors to use
ratio decidendi
ratio decidendi (ray-shee-oh des-[schwa]-den-dI), n. [Latin “the reason for deciding”] 1. The principle or rule of law on which a court’s decision is founded (many poorly written judicial opinions do not contain a clearly ascertainable ratio decidendi). 2. The rule of law on which a later court thinks that a previous court founded its decision;
disposition
disposition (dis-p[schwa]-zish-[schwa]n), n. 1. The act of transferring something to another’s care or possession, esp. by deed or will; the relinquishing of property (a testamentary disposition of all the assets). testamentary disposition. A disposition to take effect upon the death of the person making it, who retains substantially entire control of the property until death.
abbreviated term sheet
A term sheet that includes (1) the description of the securities as required by Item 202 of SEC Regulation S–K, or a good summary of that information; and (2) all material changes to the issuer’s affairs required to be disclosed on SEC Form S–3 or F–3, as applicable.
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clinical legal studies
clinical legal studies. Law-school training in which students participate in actual cases under the supervision of a practicing attorney or law professor. • This training was first introduced in the late 1960s under the leadership of Gary Bellow and others. It provided law students with a substitute for traditional apprenticeship programs. — Often shortened to
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renvoi
renvoi (ren-voy), n. [French “sending back”] 1. The doctrine under which a court in resorting to foreign law adopts as well the foreign law’s conflict-of-laws principles, which may in turn refer the court back to the law of the forum. [Cases: Action 17. C.J.S. Actions §§ 18–20; Conflict of Laws§§ 2–3, 12, 15, 20, 23,
pro partibus liberandis
pro partibus liberandis (proh pahr-ti-b[schwa]s lib-[schwa]-ran-dis). [Latin “to free the portions”] Hist. A writ for the partition of lands among coheirs.
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impeachable offense
impeachable offense. An offense for which a public official may legally be impeached, during the first step in a two-step process that may, depending on the vote in the U.S. Senate, lead to the official’s removal from office. • The U.S. Constitution states that “[t]he President, Vice President and all civil Officers of the United
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