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Most Popular Legal Definitions
Yellow Dog Contract
A name given in American labor law to contract of employment by which the
employee promises not to join a union or agrees to forfeit employment if he/she
joins a union during the period of employment.
dower
A widow's life estate interest in her husband's
real property if he died.
custody
charge and control of a person or item of
property
massachusetts trust
A unique way to organize a business where the property is bought by a trustee
and the trustee issues trust units, which the investors hold s beneficiaries.
transcript
An official direct and verbatim written record of what was said, as in a court
of law or other judicial proceedings.
capitalized value
Anticipated earnings which are discounted so that they represent a more
realistic current value since projected earnings do not always turn out as
favorable as expected or hoped.
confession
a statement made by a person suspected or charged with a crime, that they did,
in fact, commit that crime
notional severance
Reading down a contractual provision so as to
make it legal and enforceable.
split custody
A child custody decision which results in the
splitting up of the children; that legal custody of one or more of the children
is with the father, and that of one or more of the children are with the
mother.
shareholder
Persons who own a share of a for-profit corporation.