A comparison, mathematically, of the different elements of financial statements. 1. Current liabilities to inventory ratio. 2. Current liabilities to net worth ratio. 3. Current ratio. 4. Fixed assets to […]

Lat. Paying. An apt word of reserving a rent in old conveyances. Co. Litt. 47a.

Lat. To be in a state of solvency; i. e., able to pay. Solvendo esse nemo intelligitur nisi qui solidum potest solvere. No one is considered to be solvent unless […]

A solvent person is one who is able to pay all his just debts in full out of bis own present means. See Dig. 50, 10, 114. And see SOLVENCY.

Lat. To pay; to comply with one’s engagement; to do what one has undertaken to do; to release one’s self from obligation , as by payment of a debt. Calvin.

Lat He paid; paid. 10 East, 20G.

A celebrated decision of the English king’s bench , in 1771, (20 IIow. St. Tr. 1.) that slavery no longer existed in England in any form, and could not for […]

In French law . A demand served by a liuissicr, by which oue party calls upon another to do or not to do a certain thing. This document has for […]

Sleep-walking. Whether this condition is anything more than a co- operation of the voluntary muscles with the thoughts which occupy the mind during sleep is not settled by physiologists. Wharton.

In ecclesiastical law , an oflicer of the ecclesiastical courts whose duty was to serve citations or process.

An Immediate male descendant; the correlative of “father.” Technically a word of purchase, unless explained. Its meaning may be extended by construction to include more remote descendants, such as a […]

His. Her. See Civ. Code La. art. 3522.

The husband of one’s daughter.

The shock waves heard and felt when an aircarft of any sort travels at the speed of sound.

A tax of forty shillings anciently laid upon every knight’s fee. Cowell.

Lat. In the civil law . Hurtful; injurious; hindering; excusing or justifying delay. Morbus sonticus is any illness of so serious a nature as to prevent a defendant from appearing […]

If there is no time specified for the performance of an act, or if it is specified that it is to be performed soon, tlie law implies that it is […]

An investor with experience to marketing knowledge able to evaluate investments and their potential.

An arbitrary exaction, formerly existing in Scotland and Ireland. Whenever a chieftain had a mind to revel, he came down among the tenants with his followers, by way of contempt […]

In Scotch law. A person who takes meat and drink from others by force or menaces, without paying for it Bell. SOROR 1098 SOVEREIGN

The opposite of monopoly where a customer is served by a large number of suppliers without the prospect of getting any more.

Lat. In the civil law . Sister; a sister. Inst. 3, 6, 1.

The killing or murder of a sister; one who murders his sister. This is uot a technical term of the law.

Lat. In the civil law . Lot; chance; fortune; hazard; a lot, made of wood, gold, or other material. Money borrowed, or put out at interest. A principal sum or […]

Lat. In the civil law . A drawing of lots. Sortitio judicum was the process of selecting a number of judges, for a criminal trial, by drawing lots.