A swap whose payoff comes from the interest and leverage. It has high risk but high returns are possible. AKA leveraged swap and ratio swap. Refer to electricity swap .

When legal authorization is given to another person. Or an option that pays off alot if it finishes inthemoney. AKA leveraged option and turbo option. Refer to electricity swap .

These are powers given by the owner to a person with no interest in the property to dispose of it.

the power of a public official that exists due to the duties he performs.

The powers vested in a director of any firm. They can usually act as the agents of a firm, gain access to the accounts of a firm or give or […]

In simple terms, a trustee has all of the powers that are required to do their duties, sell, lease or mortgage property, or even incur expenses.

the authority that si given to an agent in order to perform acts that is different to performing on behalf of the principal.

See POINDING.

An act of parliament , made in Ireland, (10 lieu. VII. c. 22, A. D. 1405;) so called because Sir Edward l’oyuiugs was lieuteuaut there when it was made, whereby […]

the latter’s estate entirely and without any subsequent right of redemption . See Capron v. Attleborough Bank, 11 Gray (Mass.) 403; Appeal of Clark, 70 Conn. 193, 39 Atl. 153.

Lat Aforesaid. Hob. 6. Of the three words, “idem,” “prxdictus,” and “prwfatu.s,” “idem” was most usually applied to plaintiffs or demandants; “pra’dictus,” to defendants or tenants, places, towns, or lands; […]

Lat. Forename, or first name. The first of the three names by which the Romans were commonly distinguished. It marked the individual , and was commonly written with one letter; […]

In the civil law . Lands; estates ; tenements; properties. See PiwiDi- UM.

Any idea or project which can be brought to fruition or reality without any unreasonable demands.

A practical construction of a couslitution or statute is one determined, not by judicial decision , but practice sanctioned by general consent. Farmers’ & Mechanics’ Bank v. Smith, 3 Serg. […]

The capacity of a company in order to provide the best possible service without any interruptions or delays.

the interpretation and meaning of laws not by court but by general practice and consent.

A nurse who is licensed to help her patients in performing usual tasks of the day such as eating, bathing, etc. A practical nurse cannot administer medication.

Coming at a conclusion, or taking action after careful pondering.

The form or mode of proceeding in courts of justice for the enforcement of rights or the redress of wrongs, as distinguished from the substantive law which gives the right […]

a law that defines and regulates a court procedure.

In English law . A court attached to the court of king’s bench , which heard and determined common matters of business and ordinary motions for writs of mandamus, prohibition […]

The effect of taking a test which a person has taken previously. Generally provides a higher score than the older one.

A succession of acts of a similar kind or in a like employment

In Scotch law. The decisions of the court of session , as evidence of the practicc or custom of the country. Bell.