The Law Dictionary

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

Category: T

TENANT IN DOWER

the term that is given to a widow who holds property by a virtue of the right of a wife to her husband’s property. See dower rights.

TERM BAILMENT

a term that is used for bail that is for a limited and set period of time.

TO WIT

the term that means namely or that is to say.

TENANT IN SEVERALTY

a person who possesses property in his own right and is the opposite of a joint tenant. See tenant, sole.

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.

TERM INSURANCE

type of life insurance policy with no loan or cash value that can be cancelled at any time when a premium is not paid.

TRADE COMMISSION

the federal agency that ensures a fair trade practice and ensures that the public is not going to be defrauded.

TACIT UNDERSTANDING

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

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.

TIME IS THE ESSENCE OF CONTRACTS

a term where one party to a contract needs to carry out his obligation in a set period of time so the other party can carry out their obligations of the contract.

TITLE QUIET

used to describe a suit in a court of equity that will settle all claims of rightful ownership.

TRUST NAKED

a trust where the only action of the trustee is to hand over money and property to the beneficiaries.

TORT WILLFUL

the term that applies to a wrong that was committed intentionally.

TOWING SERVICE

the service used to bring a boat to port who cannot get there under its own power or aid a vessel in reaching port sooner.

TAX EXEMPT

a term that is applied to income that is not taxable.

TRANSEXUAL

a person who chnages his sex with an operation.

TURPITUDE MORAL

This phrase is used to describe the violation of decent, moral and honest behaviour and an act of depravity or vileness.

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