Rented or farmed out for a specified assise; that is, a payment of a certain assessed rent in money or provisions.

Weregeld or compensation by a pecuniary mulct Cowell.

In the practice of the criminal courts of Scotland, the fifteen men who decide on the conviction or acquittal of an accused person are called the “assize,” though in popular […]

Sessions of the justices or commissioners of assize. See ASSISE.

A code of feudal jurisprudence prepared by an assembly of barons and lords A. D. 1099, after the conquest of Jerusalem.

An officer in each of the English courts of common law, appointed by the chief judge of the court, and holding his office during good behavior , whose duties were […]

A bank affiliated with another to give clients better benefits.

A broker whose license is held under another broker. It is to ensure the best service is given due to the supervision needed. They are called broker associates, broker salespersons, […]

A firm that another firm controls. At least 20% of shares are usually used for this. The directories are interlocked to make sure a common policy and similiar objectives are […]

The certification for insurance brokers. The Insurance Institution of America offers this program. They must handle bodily injury claims, property loss adjustments , and liability claims.

The resulting certificate after four tests are given by the IIA. It is for managers or employees who want to be a manager. The tests assess skill in management, human […]

The certificate given by the IIA to professionals who have taken six tests. It tests research, planning, decision support, and market feasibility analysis.

When a college gives a student a degree after two years. It is about 60 credits and can be applied to get a bachelors degree that will take an additional […]

1. to be connected to another party or business. 2. when molecules are held together by a common bond.

A group with a common bond or goal. They are both affected by an obligations or loss.

The act of a number of persons who unite or join together for some special purpose or business. The union of a company of persons for the transaction of designated […]

A group started in 1988 to reduce fraud and white collar crimes. Training and tools are given to members to be certified. There are 55,000 members and the head quarters […]

When insurers get together to write large risk insurance and split expense and premiums. Refer to risk.

In French Law . In a socidtg en commandite an associt en nom is one who is liable for the engagements of the undertaking to the whole extent of his […]

To absolve; acquit; to set free; to deliver from excommunication . St. 1 Hen. IV. c. 7; CoweU.

In Scotch law. To acquit the defendant in an action; to find a criminal not guilty .

A MORTGAGE that can be transferred from the original borrower to a new purchaser of the underlying property. The assumability feature eliminates the need for the original LOAN to be […]

To undertake; engage; promise. 1 Ld. Raym. 122; 4 Coke, 92. To take upon one’s self. Springer v. De Wolf, 194 111. 218, 62 N. E. 542, 56 L. R. […]

A BOND issued by one company that is the legal LIABILITY of another company such as might be found between a parent and subsidiary or two joint venture partners.

The profit on a variable anniuty after the first income payment is taken out.