Search Results for: PROSPECTIVE

joinder of remedies

The joinder of alternative claims, such as breach of contract and quantum meruit, or of one claim with another prospective claim, such as a creditor’s claim against a debtor to recover on a loan and the creditor’s claim against a third party to set aside the transfer of the loan’s collateral. [Cases: Action 43; Federal

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title search

title search. An examination of the public records to determine whether any defects or encumbrances exist in a given property’s chain of title. • A title search is typically conducted by a title company or a real-estate lawyer at a prospective buyer’s or mortgagee’s request. [Cases: Abstracts of Title 1–3; Vendor and Purchaser 231(2). C.J.S.

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prospectus

prospectus (pr[schwa]-spek-t[schwa]s). A printed document that describes the main features of an enterprise (esp. a corporation’s business) and that is distributed to prospective buyers or investors; esp., a written description of a securities offering. • Under SEC regulations, a publicly traded corporation must provide a prospectus before offering to sell stock in the corporation. Pl.

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key money

key money. 1. Payment (as rent or security) required from a new tenant in exchange for a key to the leased property. [Cases: Landlord and Tenant 184(2). C.J.S. Landlord and Tenant §§ 473(2–5).] 2. Payment made (usu. secretly) by a prospective tenant to a landlord or current tenant to increase the chance of obtaining a

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