wex definitions

Ab initio

Definition

A Latin term meaning "from the beginning." Used to indicate that some fact existed from the start of a relevant time period.

Ab intestato

Definition

A Latin term meaning "by intestacy." The term refers to laws governing the succession of property after its previous owner dies without a valid will.

AB Trust

Definition

An irrevocable trust created by a married couple to avoid probate and minimize federal estate tax. An AB trust is created by each spouse placing property into a trust and naming someone other than his or her spouse as the final beneficiary of...

ABA

Definition

An abbreviation for American Bar Association. See American Bar Association (ABA).

See alsoAmerican Bar Association

Abandon

Definition

In marriage, abandonment is grounds for divorce in most states. Grounds arise when one spouse physically leaves the other with no intent on returning. Usually, the minimum time allowed to claim abandonment is one year, but it changes from...

Abandoned Application

Definition

Refers to the abandonment of a patent or trademark application. An application is removed from the docket of pending applications at the U.S. Patent and Trademark Office when the applicant (either directly or through his attorney or agent)...

Abandonment

See alsoAbandon

Abandonment (of Residence)

Abandonment is a determination by the USCIS that a permanent resident has surrendered his/her status as a lawful permanent resident (LPR). The intent of a LPR is a key factor in the USCIS's determination of whether the LPR has abandoned his/her...

Abandonment (of Trademark)

Definition

Abandonment of a trademark occurs when the owner of the trademark deliberately ceases to use the trademark for three or more years, with no intention of using the trademark again in the future. When a trademark is abandoned, the trademark...

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