1. To pronounce or to declare. 2. To be approved by authorities . 3. A document that allows a prisoner a temporary leave.
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PASS FOR CAUSE
a term that is used when a juror is allowed to go unchallenged for cause and the opportunity for an absolute is in place. See peremptory challenge .
PASS THROUGH SECURITY
Obligations towards debt, which has been sold as shares. In such an agreement, the principal amount as well as the interest taken from borrowers first goes through the middleman, who […]
PASS THROUGH TAXATION
A technique in which the owner of the firm is liable to pay the income tax on the income of the firm, and not the firm itself. This is used […]
PASS-BOOK
A book in which a bank or banker enters the deposits made by a cus- tomer, and which is retained by the latter. Also a book in which a merchant […]
PASS-THROUGH SECURITY
When investors get cashflows from assets in modified or fully modified forms. The assets can be mortgages, certificates, bonds, and loans.
PASS,
v. 1. In practice . To utter or pronounce; as when the court passes sentence upon a prisoner. Also to proceed; to be rendered or given; as when judgment is […]
PASSAGE
A way over water; an easement giving the right to pass over a piece of private water. Travel by sea; a voyage over water; the carriage of passengers by water; […]
PASSAGE COURT
An ancient court of record in Liverpool, once called the “mayor’s court of pays sage,” but now usually called the “court of the passage of the borough of Liverpool.” This […]
PASSAGE MONEY
The fare of a passenger by sea ; money paid for the transpor- tation of persons in a ship or vessel; as distinguished from “freight” or “freight-money,” which is paid […]
PASSAGE OF RISK
During a transaction , the passage of risk is a phase in which the risk of damage or loss passes from the seller of the product to the buyer. For […]
PASSAGIUM REGIS
A voyage or expedition to the Holy Land made by the kings of England in person. Cowell.
PASSATOR
He who has the interest or command of the passage of a river; or a lord to whom a duty Is paid for passage. Wharton.
PASSBOOK
1. A book with bank records in it. 2. A book that a merchant records sales to customers in.
PASSENGER
A person whom a common carrier has contracted to carry from one place to another, and has, in the course of PASSIAGIARIU9 880 PATENT Nthe performance of that contract, received […]
PASSIAGIARIUS
A ferryman. Jacob.
PASSING OF TITLE
The conveyance, or transfer of any title of any good/ property from the seller to the buyer, usually resulting in the transfer of ownership as well.
PASSING-TICKET
In English law . A kind of permit, being a note or check which the toll-clerks on some canals give to the boatmen, specifying the lading for which they have […]
PASSIO
Pannage; a liberty for hogs to run in forests or woods to feed upon mast Mon. Angl. 1, 682.
PASSION
In the definition of manslaughter as homicide committed without premeditation but under the influence of sudden “passion,” this term means any intense and vehement emotional excitement of the kind prompting […]
PASSIVATION
Passivation is a process in which any substnace is rendered inert, or inactive through a chemical reaction . No more reactions can take place with a passivated substance.
PASSIVE
As used in law, this term means inactive; permissive ; consisting in endurance or submission, rather than action; and iu some connections it carries the implication of being subjected to […]
PASSIVE ACTIVITY LOSS RULES
A regulation set by the IRS which forbits businesses to show losses that were incurred by passive activities on their balance sheets, so as to reduce the amount of taxes […]
PASSIVE ATTACK
In terms of computer security, a passive attack is one in which an attempt is made to access unauthorized information , that is located upon a system, for electronic spying.
PASSIVE CONCEALMENT
a term that applies to the act of a person being silent about a fact and it doesn’t imply the active hiding of an event or fact.