If an insured person pays for a policy in advance, the “earned” premium is the portion of the policy that has already been used.
This phrase applies to the alteration of property to become real estate and for real estate to become property.
the term for having the right to the first choice to purchase something.
a phrase found in wills where property will be shared and shared a like and each person will receive the same amount.
situation in an organisation that calls for a response from management.
The term applied to a trust or an interest that will arise at a time in the future.
the endorsement that specifically names a person who will receive a money payment.
a Latin phrase that means to arise from a crime or from something that is contrary to law.
used to calculate income tax and is the expenses that are able to be deducted.
a law that states after being missing for a certain number of years a person is declared dead. See legally dead; presumption of death.
the phrase that means that a legal document has been signed, sealed and notarised.
an authority that is based on the nature of a matter and it will be dealt with an equitable deliberation and not one of laws.
the right given to use a pathway or a road to a property that belongs to another person to give access to a road.
a defence in a law suit that is based on equity matters. It is the same as an equitable defence.
the abbreviation for a proposed amendment, Equal Rights Amendment to the US Constitution.
another term that is given to a valid trust.
the term given to an endorsement not specifying anyone in particular and permits negotiation of a payment.
These are the assets that go to the trustee under bankruptcy laws.
This term applies to any income that you don’t pay tax on.
the error made when a court gives a judgement or verdict and doesn’t know of a fact.
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