arbitrage (ahr-b[schwa]-trahzh), n. The simultaneous buying and selling of identical securities in different markets, with the hope of profiting from the price difference in those markets. — Also termed space arbitrage. [Cases: Securities Regulation 53.17(4). C.J.S. Securities Regulation § 153.] — arbitrager (ahr-b[schwa]-trazh-[schwa]r), arbitrageur (ahr-b[schwa]-trah-zh[schwa]r), n. covered-interest arbitrage. The simultaneous investment in a currency and […]
item. 1. A piece of a whole, not necessarily separated. 2. Commercial law. A negotiable instrument or a promise or order to pay money handled by a bank for collection or payment. • The term does not include a payment order governed by division 11 of the UCC or a credit- or debit-card slip. UCC
vadium (vay-dee-[schwa]m), n. [Law Latin “pledge, bail, security”] Hist. 1. Security by a pledge of property. vadium mortuum (vay-dee-[schwa]m mor-choo-[schwa]m). [Law Latin “dead pledge”] A mortgage. • This was considered a “dead pledge” because an estate was given as security by the borrower, who granted to the lender the estate in fee, on the condition
grace period. 1. A period of extra time allowed for taking some required action (such as making payment) without incurring the usual penalty for being late. • Insurance policies typically provide for a grace period of 30 days beyond the premium’s due date, during which the premium may be paid without the policy being canceled.
investor. 1. A buyer of a security or other property who seeks to profit from it without exhausting the principal. 2. Broadly, a person who spends money with an expectation of earning a profit. accredited investor. An investor treated under the Securities Act of 1933 as being knowledgeable and sophisticated about financial matters, esp. because
mensura domini regis (men-s[y]oor-[schwa] dom-[schwa]-nIree-jis). [Law Latin “the measure of our lord the king”] Hist. The standard weights and measures established under Richard I, in his Parliament at Westminster in 1197. “Thus, under king Richard I, in his parliament holden at Westminster, A.D. 1197, it was ordained that there shall be only one weight and
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yank-cheating, n. The illegal practice of inserting paper money into a vending machine, then pulling the money out again after the machine has recognized it, thereby retaining the cash and unlawfully obtaining merchandise.
donate, vb. To give (property or money) without receiving consideration for the transfer. — donation, n. — donative (doh-n[schwa]-tiv), adj.
capital flight. The sending of large amounts of investment money out of a country, usu. as a result of panic caused by political turmoil or a severe recession.