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

COVENANT TO RENEW

a contract that is given to the lessee who has a right to renew the lease under conditions outlined in the clause for renewal.

VETERANS

the name of a federal government agency that administers government benefits to veterans of the US armed forces and their dependents.

CERTIFICATE OF ABSTRACTOR

the certificate that verifies the abstractor of titles to property that shows the records of titles covered by the search.

UNABLE TO STAND TRIAL

the term that describes a person who is unable to defend himself in court as he is suffering from ill health or a mental incapacity.

EQUITABLE RECOUPMENT

the term applied to the fair and reasonable reduction in the damages awarded to a claimant.

CERTIFICATE OF OCCUPANCY

the document that certifies a building has been completed to conform with zoning and other standards and is ready to be occupied.

RESIDENTIAL RESTRICTION

a local regulation that defines the type of buildings that can be built on particular areas or neighbourhoods.

PERFECT INSTRUMENT

the term applied to a deed or instrument that is perfect when it is filed and recorded.

ACCUMULATED SURPLUS

The fund resulting in the undistributed earnings and profits from a corporation or company that is in excess of its capital stock.

DERIVATIVE TORT

the court action that is based on the criminal conduct of the defendant against the plaintiff where the plaintiff seeks recompense for injuries.

COUNTERCLAIM

the term that is given to the claim or cause of action against the plaintiff by the defendant.

ILLEGAL ALIEN

This term is given to a foreigner living in the US with no right to stay who has taken no steps to become a citizen.

ESTOPPEL BYCONTRACT

a bar that will renounce or renege that facts that have already been agreed to in a contract.

FEDERAL PATENT

the granting of a right to make something that excludes all others from making the same thing.

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