A

The act of becoming the owner of certain property; the act by which one acquires or procures the property in anything. Used also of the thing acquired. Original acquisition is where the title to the thing accrues through occupancy or accession, (q. v.,) or by the creative labor of the individual, as in the case of patents and copyrights. Derivative acquisition is where property … [Read more...] about ACQUISITION

An event which occurs in consequence of some principle of law. If, for example, land out of which a rent charge has been granted, be recovered by an elder title, and thereby the rent charge becomes avoided; yet the grantee, shall have a writ of annuity, because the rent charge is made void by due course or act of law, it, being a actus legis nemini est damnosus. … [Read more...] about ACT OF LAW

An abbreviation for "account," of such universal and immemorial use that the courts will take judicial notice of its meaning. Heaton v. Ainley, 108 Iowa, 112, 78 N. W. 798. … [Read more...] about ACCT.

The levelers in the reign of Hen. I., who acknowledged no head or superior. Leges II. 1; Cowell. Also certain ancient heretics, who appeared about the beginning of the sixth century, and asserted that there was but one substance in Christ, and one nature. Wharton; Gibbon, Rom. Emp. ch. 47. … [Read more...] about ACEPHALI

The cost involved in the acquisition of something. For example, if research fees were required as part of the acquisition of an asset, the fees in addition to the purchase price would be the acquisition cost of the asset. … [Read more...] about ACQUISITION COST