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

Category: T

TYING IN

the name given to the practice of insisting you buy another product before you are able to buy the one you want.

TACIT UNDERSTANDING

a term for the unstated and implied understanding without it being committed to writing.

TO

the term used to take title or to gain and to hold possession of property legally.

TRUTH-IN-LENDING ACT

federal law that requires people who apply for credit be given information that is accurate and easily understood.

TRUST PRIVATE

a trust for the benefit of certain people that is different from a trust that benefits a charitable organisation.

TWO-PARTY CONSENT

when all parties will consent to a wiretap that is needed in some states for it be lawful.

TOTTEN TRUST

where you put your own money in a bank in your own name as the trustee for another person.

TRUST FUND

This term applies to the property and money that is held in a trust and the property and money that is administered by the trustees.

TENDER OF PERFORMANCE

an offer by a person who has bound himself to fulfill a contract to carry out his obligations.

TRAVERSE COMMON

This term is applied to the flat denial of the charges brought about by the opposing side.

TAKING THE FIFTH

refusing to answer a question on the grounds of self-incrimination. See the fifth amendment.

TEARING OF WILL

a term used to revoke a will by tearing up the paper it has been written on.

TITLE JURISDICTION

the term applied when the title to a mortgaged property is kept by the mortgagee until the owner has paid off the mortgage in full.

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