Scotch law. Where an estate is settled on a long series of heirs, substituted one after another, in tailzie, the person first called in the tailzies, is the institute; the rest, the heirs of tailzie; or the substitutes. … [Read more...] about SUBSTITUTES
SUBSTITUTIO HAEREDIS
Latin: In Roman law, It was competent for a testator after instituting a hares (called the "hatres institutus") to substitute auother (called the "haeres substitutus") in his place in a certain event. If the event upon which the substitution was to take effect was the refusal of the instituted heir to accept the inheritance at all, then the substitution was called "vulgaris." … [Read more...] about SUBSTITUTIO HAEREDIS
SUBSCRIPTION RIGHTS
A shareholder who has an option (a subscription) to buy additional identical shares of stock at a favorable price. … [Read more...] about SUBSCRIPTION RIGHTS
SUBSTANTIAL COMPLETION
Where a construction or a performance contract is almost fully completed and sufficient for a certain purpose. … [Read more...] about SUBSTANTIAL COMPLETION
SUBSCRIPTION LIST
The names of persons who have agreed to take a newspaper, magazine or other publication, placed upon paper, is a subscription list. 2. This is, an incident to a newspaper, and passes with the sale of the printing materials. 2 Watts, 111. … [Read more...] about SUBSCRIPTION LIST