(A) An advance on a payment, gift or right. Usually made in the context of estate matters, where a gift is made by a parent to a child with the intent of reducing the amount of that gift from the recipient's share of the parent's estate. Thus this is an advancement of inheritance during the life of the testator. (B) That which is given by a father to his child or presumptive … [Read more...] about ADVANCEMENT
A
ADVERSE POSSESSION
(A) A means by which one can legally take another's property without paying for it. The requirements for adversely possessing property vary between states, but usually include continuous and open use for a period of five or more years and paying taxes on the property in question. (B) title to lands. The enjoyment of land, or such estate as lies in grant, under such … [Read more...] about ADVERSE POSSESSION
ADVANCES
Moneys paid before or in advance of the proper time of payment; money or commodities furnished on credit; a loan or gift, or money advanced to be repaid conditionally. Vail v. Vail, 10 Barb. (N. Y.) 69. This word, when taken in its strict legal sense, does not mean gifts, (advancements,) and does mean a sort of loan; and, when taken in its ordinary and usual sense, it includes … [Read more...] about ADVANCES
ADVERSE TITLE
A claim of title that is adverse or against a claim of title by another. … [Read more...] about ADVERSE TITLE
ADMIRAL
In European law. An officer who presided over the admiralitas, or collegium ammiralitatis. Locc. de Jur. Mar. lib. 2, c. 2, … [Read more...] about ADMIRAL