covenant which goes with the land, as being annexed to the estate, and which cannot be separated from the land, and transferred without it. 4 Kent, Comm. 472, note. A […]
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COVENANT TO CONVEY
A covenant by which the covenantor agrees to convey to the covenantee a certain estate, under certain circumstances .
COVENANT TO RENEW
a contract that is given to the lessee who has a right to renew the lease under conditions outlined in the clause for renewal.
COVENANT TO STAND SEISED
A conveyance adapted to the case where a person seised of land in possession, reversion, or vested remainder . proposes to convey it to his wife, child, or kinsman. In […]
COVENANTEE
The party to whom a covenant Is made. Shep. Touch. 100.
COVENANTOR
The party who makes a covenant. Shep. Touch. 160.
COVENANTS FOR TITLE
Covenants usually inserted in a conveyance of land, on the part of the grantor, and binding him for the completeness. security, and continuance of the title transferred to the grantee. […]
COVENANTS IN GROSS
Such as do not run with the land .
COVENANTS PERFORMED
In Pennsylvania practice. This is the name of a plea to the action of covenant whereby the defendant, upon informal notice to the plaintiff, may give anything in evidence which […]
COVENT
A contraction , In the old books, of the word “convent”
COVENTRY ACT
The name given to the statute 22 & 23 Car. II. c. 1, which provided for the punishment of assaults with intent to maim or disfigure a person. It was […]
COVER
(1) The act of repurchasing or HEDGING a position previously SOLD SHORT or held naked. (2) Any form of INSURANCE or REINSURANCE .
COVER INTO
The phrase “covered into the treasury,” as used in acts of congress C and the practice of the United States treas- ury department, means that money has actually been paid […]
COVER UP
This term is given to mean to hide a thing that is unlawful or to evade and impede investigations.
COVERED CALL
An OPTION position where the seller of a CALL OPTION owns the UNDERLYING ASSET that must be delivered if the buyer EXERCISES the option. Selling covered calls is a relatively […]
COVERED INTEREST ARBITRAGE
An ARBITRAGE transaction that takes advantage of any instance when the FORWARD PREMIUM or FORWARD DISCOUNT between two currencies does not equal the INTEREST RATE DIFFERENTIAL . When this occurs, […]
COVERED OPTION
An OPTION position where the seller of the option already holds the UNDERLYING ASSET or cash that must be delivered if the buyer EXERCISES the option. Selling covered options is […]
COVERED POSITION
An outright LONG POSITION or SHORT POSITION that is protected by an offsetting HEDGE. Depending on the nature of the hedge, a covered position may have only negligible MARKET RISK […]
COVERED PUT
An OPTION position where the seller of a PUT OPTION already has sufficient cash on hand to purchase the UNDERLYING ASSET if the buyer EXERCISES the option. Selling covered puts […]
COVERED WARRANT
A longdated EQUITY OPTION (i.e., three to five years) issued by a financial intermediary on a company
COVERED WRITER
The seller of a COVERED OPTION that either owns the UNDERLYING ASSET ( deliverable under a CALL OPTION ) or has sufficient cash on hand to acquire the asset (under […]
COVERT
Covered, protected, sheltered. A pound covert is one that is close or covered over, as distinguished from pound overt, p which is open overhead. Co. Litt. 47b; 3 Bl. U […]
COVERT BARON, OR COVERT DE BARON
Un- n der the protection of a husband; married. 1 fl Bl. Comm. 442. La feme que est covert de baron, the woman which is covert of a husband. Litt.
COVERTURE
The condition or state of a married woman . Sometimes used elliptic- | ally to describe the legal disability arising from a state of coverture. Osborn v. Horlne, 19 111. […]
COVIN
A secret conspiracy or agree- . ment between two or more persons to injure J or defraud another. Mix v. Muzzy, 28 Conn. 191; Anderson v. Oscamp (Ind. App.) 35 […]
