money and financial problems

market definition

In antitrust law, market definition is what determines the economic sphere in which anti-competitive conduct is measured.

Some courts have determined market definition based only on marginal consumers, to the neglect of core...

Massachusetts trust

Massachusetts trusts (also known as common-law trusts, business trusts, or unincorporated business organizations) are a unique type of trust used by individuals to run a business outside the normal legal entities such as a corporation or...

mechanic's lien

A mechanic’s lien is a statutory lien secured by real or personal property for labor or materials used to improve, maintain, or repair property. The mechanic’s lien provides a security interest that can be enforced by the holder against the...

Modern Portfolio Theory

The Modern Portfolio Theory is the theory currently guiding the prudent investor rule for trust administration by the trustee. Under the Modern Portfolio Theory, prudence is evaluated not by investment strategy on individual investments but...

modified per stirpes

Modified per stirpes (also referred to as modern per stirpes) is a system of determining the descendants that will take from individuals who have died intestate or have elected to use the distribution method in a will. Under modified per...

money damages

“Money damages,” or monetary damages, are a type of relief that awards money as compensation for some injury. Unlike the amount asked for in a money demand, the amount of money damages is not immediately obvious from the facts of the case,...

money demand

A money demand is a legal claim or request for the payment of a fixed sum of money. It is a demand made by one party to another, as opposed to a damage claims or money damages award, which must be assessed by the trier of fact. The party...

money laundering

Money laundering refers to a financial transaction scheme that aims to conceal the identity, source, and destination of illicitly-obtained money. Given the many ways money laundering can be achieved, the regulation of money laundering by the...

mortgage

A mortgage involves the transfer of an interest in land as security for a loan or other obligation. It is the most common method of financing real estate transactions. The mortgagor is the party transferring the interest in land. The...

mortgage-backed security

A mortgage-backed security is an investment in which the purchaser buys a slice of a pool of mortgage loans. As explained by the Financial Industry Regulatory Authority (FINRA), “mortgage-backed securities, called MBS, are bonds secured by...

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