Refers to payment, distribution, or substitution of goods or services in lieu of money. Used in wills and trusts, it empowers the executor or trustee to distribute property "in kind" to beneficiaries -- that is regardless of whether the property is money, goods, or services -- as long as property in the correct value is given to each beneficiary.
Forever -- for example, one may have the right to keep the profits from land in perpetuity.
Facing imminent death.
1) To attach or ascribe. 2) To place responsibility or blame on one person for acts of another person because of a particular relationship, such as mother to child, guardian to ward, employer to employee, or business associates. Example: a child's negligence in driving a car without a license may be imputed to the parent. 3) To attribute knowledge to a person because of the person's relationship to the one actually possessing the information. Example: if one partner in a business is informed of something, that knowledge is imputed to other partners. (See also: vicarious liability)
As applies to real estate, any permanent structure or work (such as planting trees) on real property, which increases its value or extends its useful life. As defined by the IRS, an addition to or alteration of a capital asset, which either increases its value or extends its useful life.
A man's inability to copulate. Impotence can be grounds for annulment of a marriage if the condition existed at the time of the marriage and is grounds for divorce in some states.
When a lien, in combination with other liens and the amount a debtor may claim as exempt, exceeds the value of property. For example, if a debtor's home is worth $200,000, the debtor is entitled to a $35,000 homestead exemption, and the home is subject to a mortgage of $150,000, a lien that exceeds $15,000 impairs the debtor's homestead exemption: Once the mortgage was paid off, there wouldn't be enough equity left to pay both the exemption and the lien.
Nonimmigrant visitors entering the United States with a visa are required to complete a Arrival-Departure Record (CBP Form I-94) or the Crewman Landing Permit (CBP Form I-95). The Form I-94 shows the date of arrival in the United States, the date when the authorized period of stay expires (the “Admitted Until” date), and the class of admission.
U.S. Customs and Border Patrol
To pledge as security for a loan without giving up possession, as in the case of property the borrower pledges as collateral and keeps.
A mortgage loan that will have a fixed rate for a set number of years, after that point the interest rate may be adjusted.