As soon as a notary has made presentment and demand of a bill of ex- change, or at some seasonable hour of the same day, he makes a minute on […]
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NOTIO
by direct information , either written or oral, from those who are cognizant of the fact communicated. Baltimore v. Whittington, 78 Md. 23 1. 27 Atl. 9S4. Implied notice is […]
NOTIONAL
The way amounts payable and received are computed.
NOTIONAL DEMAND
In equilibrium markets, the notional demand is the total quantity of goods and services demanded.
NOTIONAL PRINCIPAL
The principal amount of the underlying debt that is referred to in interest rate swap deals. When the obligation to pay interest is discounted, the principal amount gains a fictitious […]
NOTITIA
Lat. Knowledge; information ; intelligence; notice. Notitia dieitur a noscendo; et notitia non debet clandicare. Notice is named from a knowledge being had; and notice ought not to halt, [i. […]
NOTORIAL
The Scotch form of “notarial,” (q. v.) Bell.
NOTORIETY
The state of being notorious or universally well known.
NOTORIOUS
In the law of evidence , matters deemed notorious do not require to be proved. There does not seem to be any recognized rule as to what matters are deemed […]
NOTORIOUS POSSESSION
The possession of a property that the neighbourhood has a knowledge of. It implies that occupant has taken a dramatic hold of the property which is known to the actual […]
NOTOUR
In Scotch law. Open; notorious. A notour bankrupt is a debtor who, being under diligence by horning and caption of bis creditor, retires to sanctuary or absconds or defends by […]
NOTWITHSTANDING
Literally meaning irrespective of, the term is also used in the contractual sense. A statement in a contract that is used to highlight contractual obligations arising from multiple parts in […]
NOUVEAU MARCHE
An equity market that is focused on novel and emerging firms that are leaders in their respective industries. Usually, companies with the potential to be a global leader or have […]
NOVA CUSTUMA
The name of an imposition or duty. SeeANTIQUA CUSTUMA.
NOVA STATUTA
New statutes. An appellation sometimes given to the statutes which have been passed since the beginning of the reign of Edward III. 1 Steph. Comm. 68.
NOVALE
Land newly plowed and converted into tillage, and which has not been tilled before within the memory of man; also fallow land.
NOVALIS
In the civil law . Land that rested a year after the first plowing. Dig. 50, 16, 30, 2. Novatio non praesumitur. Novation is not presumed. Halk. Lat. Max. 109.
NOVATED LEASE
An agreement in Australia which allows businesses to lease transportation for its employees. However, a portion of the employee’s wage is deducted to cover the leasing costs. The company is […]
NOVATION
Novation is the substitution of a new debt or obligation for an existing one. Civ. Code Cal.
NOVATION AGREEMENT
The substitution or swap of two parties in a contractual agreement is formalized through the use of the novation agreement .
NOVEL
1. Usually refers to an idea or action that is considered to be unique and unusual. 2. A comprehensive fictional story that ties elements of literature such as dialogues, characters, […]
NOVEL ASSIGNMENT
See NEW ASSIGNMENT.
NOVEL DISSEISIN
See ASSISE OF NOVEL DISSEISIN .
NOVELL
fact; the power or authority of a judex; the power of hearing causes and of pronounc- ing sentence, without any degree of jurisdiction . Calvin.
NOVELS
The title given in English to the New Constitutions (Novcllw Constitu- tiones) of Justinian and his successors, now forming a part of the Corpus Juris Civilis . See NOVELL.