Latin: A root or stock of descent or title. Taking property by right of representation is called "succession per stirpes," In opposition to taking in one's own right or as a principal, which is termed "taking per capita." See Rotmanskey v. Helss, 86 Md. 633, 39 Atl. 415 … [Read more...] about STIRPS
STOCK
descents. This is a metaphorical expression which designates, in the genealogy of a family, the person from whom others are descended: those persons who have so descended are called branches. Law Dictionary - Alternative Legal Definition In mercantile law. The goods and wares of a merchant or tradesman, kept for sale and traffic. In a larger sense. The capital of a merchant or … [Read more...] about STOCK
STIRPES
(A) A term used in wills that refers to descendants of a common ancestor or branch of a family. See its application in will practice under per stirpes as opposed to per capita. (B) descents. The root, stem, or stock of a tree. Figuratively, it signifies, in law, that person from whom a family is descended, and also the kindred or family. 2. It is chiefly used in estimating the … [Read more...] about STIRPES
STOCK EXCHANGE
The location or marketplace where stocks, bonds and other securities are bought and sold. … [Read more...] about STOCK EXCHANGE
STOCK OPTION
A right granted to purchase stock in the future at a specified price. If the option owner chooses to exercise the option, he or she must pay the purchase price of the shares and request their issuance by the corporation. … [Read more...] about STOCK OPTION