Legal words and terms: general damages, general denial, general partner, general plan, generation skipping, gift, gift in contemplation of death

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Legal Dictionary Legal Terms by First Letter "G"

 
 
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  TERM CATEGORY  
 

general damages
n. monetary recovery (money won) in a lawsuit for injuries suffered (such as pain, suffering, inability to perform certain functions) or breach of contract for which there is no exact dollar value which can be calculated.

Legal Remediesdetails
 

general denial
n. a statement in an answer to a lawsuit or claim by a defendant in a lawsuit, in which the defendant denies everything alleged in the complaint without specifically denying any allegation. It reads:

Litigation and Evidencedetails
 

general partner
n. 1) usually one of the owners and operators of a partnership, which is a joint business entered into for profit, in which responsibility for management, profits and, most importantly,

Business Lawdetails
 

general plan
n. a plan of a city, county or area which establishes zones for different types of development, uses, traffic patterns and future development. See also: zoning.

Real Estate Lawdetails
 

generation skipping
adj., adv. referring to gifts made through trusts by a grandparent to a grandchild, skipping one's child (the grandchild's parent). Originally intended to avoid or defer federal gift or estate taxes if paid through a "generation skipping trust,& ...

Trust and Living Trustdetails
 

gift
n. the voluntary transfer of property (including money) to another person completely free of payment or strings while both the giver and the recipient are still alive.

Personal propertydetails
 

gift in contemplation of death
n. (called a gift causa mortis by lawyers showing off their Latin), a gift of personal property (not real estate) by a person expecting to die soon due to ill health or age.

Personal propertydetails
 
 
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