repressed-memory syndrome. A memory disorder characterized by an intermittent and extensive inability to recall important personal information, usu. following or concerning a traumatic or highly stressful occurrence, when the memory lapses cannot be dismissed as normal forgetfulness. • The theoretical basis for this syndrome was proposed by Sigmund Freud in 1895. The American Psychiatric Association […]
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treasurer. An organization’s chief financial officer. • The treasurer’s duties typically include prudently depositing (or, if authorized, investing) and safeguarding the organization’s funds and otherwise managing its finances; monitoring compliance with any applicable law relating to such finances and filing any required report; disbursing money as authorized; and reporting to the organization on the state
A typical interest-rate swap that involves one counterparty’s paying a fixed interest rate while the other assumes a floating interest rate based on the amount of the principal of the underlying debt. • The underlying debt, called the “notional” amount of the swap, does not change hands — only the interest payments are exchanged. —
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New York Supplement. A set of regional lawbooks, part of the West Group’s National Reporter System, containing every published appellate decision from intermediate and lower courts of record in New York, from 1888 to date. • The first series ran from 1888 to 1937; the second series is the current one. — Abbr. N.Y.S.; N.Y.S.2d.
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caselaw. The law to be found in the collection of reported cases that form all or part of the body of law within a given jurisdiction. — Also written case law; caselaw. — Also termed decisional law; adjudicative law; juri-sprudence; organic law. “Case law in some form and to some extent is found wherever there
mechanical royalty. Copyright. The payment to which a songwriter is entitled each time a mechanical-right holder reproduces a song on a phonorecord. • Mechanical-royalty rates are statutory, and payable per song or per minute (whichever is higher). If an artist is willing to pay the statutory rate, the songwriter’s permission is not needed before a
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A standard-form contract prepared by one party, to be signed by the party in a weaker position, usu. a consumer, who adheres to the contract with little choice about the terms. — Also termed contract of ad-hesion; adhesive contract; adhesory contract; adhesionary contract; take-it-or-leave-it contract; leonine contract. [Cases: Contracts 1. C.J.S. Contracts §§ 2–3, 9,
Indian Child Welfare Act. A federal act that governs child-custody proceedings — including foster-care placement, preadoptive placement, adoptive placement, and termination of parental rights — in cases involving a child of American Indian descent.25 USCA §§ 1911 et seq. • Congress enacted the Act to help protect the best interests of Indian children, to promote
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correality (kor-ee-al-[schwa]-tee), n. The quality or state of being correal; the relationship between parties to an obligation that terminates when an entire payment is made by one of two or more debtors to a creditor, or a payment is made by a debtor to one of two or more creditors. “But there were circumstances, apart
table, n. 1. A synopsized representation, esp. in columnar form, of the particulars of a subject, usu. to present diverse items in a way that can be more easily understood. • Examples include actuarial tables, genealogical tables (which show the names and relationships of all the persons constituting a family), and interest tables. 2. A