Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: I

INSIDE DIRECTOR

A director of the board who is somehow related to the company they oversee. They are not independant voters as they have personal connections. Refer to outside director.

INDEX FUTURE

A future contract exchanged in reference to a specific index sector, benchmark equity index, or equity basket. This is also called a commodity, currency, or interest rate future.

INDEX PRINCIPAL SWAP

An over the counter swap with floating interest. The principal is notational. This type of exhange is also called index amoritizing rate, accreting, amoritizing, reverse index principle, or a variable principle swap

INSIDER SYSTEM

A corporation controlled by a family. Refer to outsider system.

INDEX TRIGGER

An event that suspends coupon interest and principal when losses meet an agreed upon amount. Also called an indemnity or parametric trigger.

INSIDER TRADING

Where private information is used to create more profit. Sometimes this is considered a crime and punished. Refer to gun jumping.

IDEM SONANS

Sounding the same or alike; having the same sound. A term applied to names which are substantially the same, though slightly varied in the spelling, as”Lawrence” and “Lawronce,” and the like. 1

IGNOMINY

Public disgrace; Infamy; reprttidi; dishonor. Ignominy is the opposite ofesteem. Wolff,

IMMIGRATION

The coming Into a country of foreigners for purposes of permanentresidence. The correlative term “emigration” denotes the act of such persons in leavingtheir former country.

IMPEACHMENT

A criminal proceeding against a public officer, before a quasipolitical court, instituted by a written accusation called “articles of impeachment;” forexample, a written accusation by the house of representatives of the United

IMPETRARE

In old English practice. To obtain by request, as a writ or privilege.Bract, fols. 57, 1726. This application of the word seems to be derived from the civillaw. Calvin.

IMPOSTS

Taxes, duties, or impositions. A duty on imported goods or merchandise.Story, Const.

IMPROPRIATE RECTOR

In ecclesiastical law. Commonly signifies a lay rector asopposed to a spiritual rector; just as impropriate tithes are tithes in the hands of a layowner, as opposed to appropriate tithes, which are

IN AQUALI JURE

In equal right; on an equality in point of right.In sequali jure melior est conditio possidentis. In Ta case of] equal right thecondition of the party in i>ossession is the better. Plowd.

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