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

Category: I

INSIDER TRADING

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

INDEXING

An investment strategy that tries to predict the future perfromance of an asset with minimum error. This is also called an active investment strategy or an index fund.

INDICATION OF INTEREST (IOI)

When an investor shows interest in new securities. It is nonbinding because the securities are not yet registered. Refer to the defenition of circle.

INSURABLE RISK

A risk that causes loss that can be covered by the premium paid. Refer to uninsurable risk.

IN PARI MATERIA

Upon the same matter or subject. Statutes in pari materia are toconstrued together. United Society v. Eagle Bank, 7 Conn. 457; State v. Ger- hardt, 145Ind. 439, 44 N. E. 409, 33

IN STIRPES

In the law of Intestate succession. According to the roots or stocks; byrepresentation; as distinguished from succession per capita. See IJEB STIRPES; PER CAPITA.

INADVERTENCE

Heedlessness; lack of attention; failure of a person to pay carefuland prudent attention to the progress of a negotiation or a proceeding in court bywhich his rights may be affected. Used chiefly

INCIDERE

Lat In the civil and old J English law. To fall into. Calvin.To fall out; to happen; to come to pass. Calvin.To fall upon or under; to become subject or liable to.

INCOMMUTABLE

Not capable of or entitled to be commuted. See COMMUTATION.

INCULPATORY

In the law of evidence. Going or tending to establish guilt; intendedto establish guilt; criminative. Burrill, Circ. Ev. 251, 252.

IDEO CONSIDER ATUM EST

Lat. Therefore it is considered. These were the words used at the beginning of the entry ofjudgment in an action, when the forms were in I/atin. They are also used as a

IGNORATIO ELENCHI

Lat. A term of logic, sometimes applied to pleadings and toarguments on appeal, which signifies a mistake of the question, that is, the mistake ofone who, failing to discern the real question

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