In old English law . A second disseisin of a person of the same ten- ements, and by the same disseisor, by whom be was before disseised. 3 Bl. Comm. […]

Fundamental principle of most modern economies whereby a nation’s wealth is channeled, from those who have more to those below a certain income level, through taxes that pay for welfare.

Lat A revenue or return; Income or profit; specifically, rent.

When a bank refuses funds for an insurance company due to previous losses. It is illegal in many jurisdictions.

In feudal law. Men who, by the tenure or custom of their lands, were to ride with or for the lord of the manor,’ about his business. Domesday.

In old English law . Those that buy stolen cloth and turn it into some other color or fashion that it may not be rpcogni/.ed. Redubbers.

In commercial law . A draft or bill drawn in the place where the original bill was made payable and where it went to protest, on the place where such […]

The receiving satisfaction for an injury sustained.

In criminal law . Those who bought stolen cloth and dyed it of another color to prevent its being identified were anciently so called. Cowell; 3 lust 134.

In Scotch law. To rescind or annul.

IBM’s central processing unit (CPU) chip design that utilizes a reasonably smaller number of machine language instructions to perform its jobs, thereby enhancing the computer’s speed of data processing .

This term is in reference to a policy whose cash value can be used to buy paid-up insurance in the highest amount that it can afford to buy.

A Material that brings about reduction or depletion of oxygen or the addition of hydrogen in other substances by being oxidized in a chemical reaction . Also known as reluctant.

1. Accounting: Procedure of asset depreciation based on a percentage of its book value that lessens every year. 2. Banking: Procedure for calculating the interest amount on the principal balance […]

Lat In logic. The method of disproving an argument by showing .that it leads to an absurd consequence .

In Scotch law. An action brought for the purpose of rescinding, annulling, or cancelling some bond, contract or other instrument in writing. 1 Forb. Inst pt. 4, pp. 158, 150. […]

This term refers to the provision in a guarantee agreement under which the guarantor’s liability will be lowered in proportion with each payment that is made.

This term refers to the process that is used to terminate employment positions that are caused by funding that was lost, changes of requirements , or the reorganization of business […]

The act of exercising the right conferred by a chose in action , so as to convert it into a chose in possession ; thus, a debt is reduced into […]

One of the major risk management techniques includes using precautionary measures to reduce the likelihood of a loss, or to reduce the severity of a possible loss, for instance, the […]

a term that applies to the lessening of a sentence or the severity of a punishment.

This tool uses different types of loans to give a consumer the most affordable interest rate . For example, a mixed mortgage loan with two different interest rates.

Material worldview in which compound facts are broken down into conceptual pieces small enough to be measured. The basis of all analysis, reductionism is useful in understanding inanimate things or […]

This is the fault of Introducing superfluous matter into a legal instrument ; particularly the insertion in a pleading of matters foreign, extraneous, and irrelevant to that which it is […]

This term refers to that which goes beyond natural or ordinarily necessary