Search results for: “legal uncertainty”
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Inflation Uncertainty
The fact that future inflation rates are not known. It is a possible contributing factor to the makeup of the term structure of interest rates….
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Uncertainty
Vagueness, unknown. Where a gift or bequest in a will that is so vague that the intention of the testator cannot be ascertained, then the gift or the bequest will fail.
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Age of majority
The chronological age at which a person ceases to be a minor, and, subject to whatever legal disabilities minority carries with it (e.g., inability to vote, to drink intoxicating liquors, to drive on the public highways, to make valid contracts, conveyances and wills) while […]
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Jeopardy
Legal Definition and Related Resources of Jeopardy Meaning of Jeopardy In this sense, a person is said to be placed in jeopardy when he is put to trial in a court of competent jurisdiction on a valid accusatory pleading , before a trier of fact […]
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Contingency
An event which may or may not occur; that which is possible or probable; a fortuitous event; a chance. 82 111. App. 526. A contingency has the element of uncertainty and doubt, and is defined as an event which is possible but which may or may not occur, in the nature of a casualty, […]
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Satisfaction
To extinguish by performance or release and discharge of an obligation in reference to which the term is used. In equity , the term means the donation of a thing, with the intention , either express or implied , that it is to be taken either wholly or in part in […]
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Satisfaction
To extinguish by performance or release and discharge of an obligation in reference to which the term is used. In equity , the term means the donation of a thing, with the intention , either express or implied , that it is to be taken either wholly or in part in […]
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Indeterminate
Legal Definition and Related Resources of Indeterminate Meaning of Indeterminate That which Is uncertain, or not particularly designated; as, if I sell you one hundred bushels of wheat, without stating what wheat. 1 Bouv. Inst, note 950. […]
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Ambiguitas,Ambiguity
Concept of “Ambiguitas,Ambiguity” Traditional meaning of ambiguitas,ambiguity in English (with some legal use of this latin concept in England and the United States in the XIX Century) [1]: (in Latin) Uncertainty of meaning in the words of a written instrument; see 4 Watts, 90. It is patent, […]
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Ambiguitas,Ambiguity
Concept of “Ambiguitas,Ambiguity” Traditional meaning of ambiguitas,ambiguity in English (with some legal use of this latin concept in England and the United States in the XIX Century) [1]: (in Latin) Uncertainty of meaning in the words of a written instrument; see 4 Watts, 90. It is patent, […]
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Chance
A fortuitous event , an accident . Also, absence of skill or of explainable or controllable causation, as in game of chance. The opposite of intention , design or contrivance.
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Hazard
Legal Definition and Related Resources of Hazard Meaning of Hazard A game of chance or wagering. Exposure to the chance of loss or injury . In insurance law, the risk, danger or probability that the event insured against may happen , varying with […]
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Speculation
The hope or desire of making a profit by the purchase and resale of a thing. Pardessus, Dr. Com. note 12. The profit so made; as, he made a good speculation. …