wex definitions

See Bankruptcy Trustee. 

[Last reviewed in October of 2021 by the Wex Definitions Team]

Trustee powers are generated from a trust document, and these are the powers the trustee may exercise without violation of the law or the terms of the trust. For example, the power to buy and sell assets.

See: settlor.

[Last reviewed in August of 2021 by the Wex Definitions Team]

Turn state’s evidence (also known as “turn King’s evidence”) or to "flip” means the defendant chose to reveal valuable evidence to the prosecutor, in exchange for a reduction of the charge or the dismissal of some charges. When the defendant “flips” they are said to have "turned state's evidence.” 

Turncoat witness is a witness whom the litigating party calls to provide favorable testimony but during the trial they become a hostile witness.  

The term "Twinkie defense" is an umbrella term that, in the most general sense, refers to an unconventional defensive argument. The term originated from the 1979 trial of Dan White, a San Francisco politician, who was charged with first-degree murder. A testifying psychiatrist pointed out that White's consumption of sugary foods, such as Twinkies, could lead to diminished capacity.

A tying arrangement is an agreement in which the seller conditions the sale of one product (the “tying” product) on the buyer’s agreement to purchase a separate product (the “tied” product) from the seller.

Typosquatting is the process of acquiring similarly spelled or misspelled domain names for the purpose of capturing traffic intended for another website. Typosquatters profit from this conduct in multiple ways, such as providing pop-ups for third-party advertisers, capturing fraudulent payment information, or even selling the domain to owners of the legitimate website who wish to prevent further confusion. 

The U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq Accountability Appropriations Act of 2007 was an enormous, emergency omnibus bill costing approximately 120 billion that provided key appropriations for the wars in Iraq and Afghanistan and many other items including:

UBO, or unincorporated business organization, is a business arrangement used in lieu of a company or partnership.

• llcs-corporations-partnerships