wex definitions

Aguilar-Spinelli test

The Aguilar-Spinelli test is a legal standard used in the United States to evaluate the validity of a search warrant based on information provided by an informant. It stems from two U.S. Supreme Court cases: Aguilar v. Texas and Spinelli v....

1031 exchange

1031 exchange (also called a tax-deferred exchange or a Starker exchange) refers to the ability of investors and organizations to replace one investment for a similar one instead of keeping the proceeds. For certain transactions, the exchange...

30-day notice

A 30-day notice is a written letter from tenant to landlord or landlord to tenant informing the other party of their intent to terminate or change a month-to-month or other periodic tenancy of less than one year. The 30-day notice requirement...

341 meeting

A 341 meeting is a mandatory meeting held at the beginning of a bankruptcy proceeding. Also referred to as the creditors meeting, its name comes from section 341 of the Bankruptcy Code. The purpose of a 341 meeting is to examine the debtor’s...

341 notice

A 341 notice is the notice sent by the bankruptcy clerk to the debtor, the creditors, and all other interested parties, notifying them of the date, time, and place in which the 341 meeting (creditors meeting) will be held. Among other things...

342 notice

A 342 notice is the notice sent before the commencement of a bankruptcy proceeding by the bankruptcy clerk of the bankruptcy court to the debtor, which contains:

A brief description of chapters 7, 11, 12, and 13 of the Bankruptcy Code...

401(k)

401(k) plans (also just called 401k) are types of retirement plans that an employer sponsors which allows employees to defer taxes. 401k plans originate from the Internal Revenue Code (IRC) section 401(k) which allows contributions to these...

401(k) plan

401(k) plans (also just called 401k) are types of retirement plans that an employer sponsors which allows employees to defer taxes. 401k plans originate from the Internal Revenue Code (IRC) section 401(k) which allows contributions to these...

707(b) action

707(b) action is defined in Chapter 7 of the United States Bankruptcy code as a motion by the court, the United States trustee, the trustee, the administrator, or any party in interest to dismiss a debtor’s case on the ground that granting a...

a fortiori

A fortiori signals an argument that it is based on an even stronger argument. In Latin, the term literally means ‘from [the] stronger’. A fortiori is generally used to suggest that an argument is based on another argument so strong as to make...

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