Legal Terms of : election of remedies, eleemosynary, endowment, equal opportunity, escrow

election of remedies: The purpose of the doctrine of election of remedies is to prevent double recovery. Once a Plaintiff has chosen his remedy and made his claim he can not change his mind and seek recovery on a different legal theory. For example, if a Plaintiff’s car was stolen he can seek either a return of the car or receive monetary award equal to the entire value of the … Full Definition »
Law topic: Product Reclamation << Legal issue: Consumer Protection
eleemosynary: relating to, or supported by charity source: Merriam-Webster Dictionary. … Full Definition »
Law topic: Estate Taxes & Gift Taxes << Legal issue: Tax Law
endowment: a transfer of money to a fund (trust) with the aim of investing the money and keeping the principal intact forever or for a definite period of time. The most famous and successful endowments are Harward Fund and Yale endowment fund. … Full Definition »
Law topic: Estate Taxes & Gift Taxes << Legal issue: Tax Law
equal opportunity: A right supposedly guaranteed by both federal and many state laws against any discrimination in employment, education, housing or credit rights due to a person's race, color, sex (or sometimes sexual orientation), religion, national origin, age or handicap. A person who believes he/she has not been granted equal opportunity or has been outright sexually … Full Definition »
Law topic: Freedom Of Information << Legal issue: Constitutional Law & Civil Rights
escrow: This term is usually used to put aside some money, documents, or something of value, with an independent third party called an escrow agent, to satisfy certain debts or obligations established in a written agreement. Most often escrow accounts are used in real estate sales by title companies, or attorneys. See also: escrow agent … Full Definition »
Law topic: Commercial Real Estate << Legal issue: Real Estate Law
estate: Estate" means a trust estate, a decedent's estate, a guardianship or conservatorship estate, or other property that is the subject of a donative transfer. … Full Definition »
Law topic: Living Trusts << Legal issue: Trusts & Estate Planning
executor: The person named as executor in the decedent's will has the right to appointment as personal representative. … Full Definition »
Law topic: Wills Drafting << Legal issue: Wills & Probate
extortion: the felonious act of extorting money by use of threats of violence. Extortion, as it is defined in Hobbs Act, is the obtaining of another person's property or money, with (his)(her) consent when this consent is induced or brought about through the use of actual or threatened force, violence or fear. (8 U.S.C. S 1951(b)(2)) A public (official)(employee) … Full Definition »
Law topic: Felonies << Legal issue: Criminal Defense

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abatement: A diminution, decrease or easing of something. Abatement refers to a reprieve from or reduction in a debt, tax or other payment obligation faced by an individual or company. In Real Estate, tax abatement is used by cities as an incentive to encourage the redevelopment of distressed areas by providing real property tax abatement for 10 or 15 years. … Full Definition »

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