type

Abut

Definition

Where two different pieces of land (or other parcels of real property) touch one other or have a common border.

Accelerated Depreciation

Definition

Any method of depreciation used by businesses for accounting or tax purposes that allows greater deductions in the earlier years of the life of a company asset, as opposed to the straight-line depreciation method.

Accelerated...

Acceleration

See also Acceleration Clause

Acceleration Clause

Definition

An accelerated clause is a term in a loan agreement that requires the borrower to pay off the loan immediately under certain conditions.

Overview

An accelerated clause is typically invoked when the borrower materially breaches the loan...

Accept

See alsoAcceptance

Acceptance

Definition

Assent to the terms of an offer. Acceptance must be judged objectively, but can either be expressly stated or implied by the offeree's conduct. To form a binding contract, acceptance should be relayed in a manner authorized, requested, or...

Acceptance of Service

Definition

Agreement by the defendant (or the defendant's attorney) to accept papers or a complaint without having the papers served by a process server or a sheriff. Acceptance of service is accomplished by signing a "receipt and acknowledgment of...

Access

Definition

1) In terms of copyright, access refers to the ability of a potential infringer to see or obtain the copyrighted material. Access is important in determining whether a potential infringer has in fact illicitly copied the copyrighted material...

Accession

Definition

1) In trusts and estates law, assets produced by a devised asset after the execution of a will.

2) In secured transactions law, goods that physically united with other goods in a way that doesn't lose the identity of the original goods...

Accessory

Definition

Someone aiding in or contributing to the commission or concealment of a felony, e.g. by assisting in planning or encouraging another to commit a crime (an accessory before the fact) or by helping another escape arrest or punishment (an...

Pages