A gratuity. A premium paid to a grantor or vendor. An extra consideration given for what is received. Any premium or advantage; an occasional extra dividend. A premium paid by a company for a charter or other franchises. "A definite sum to be paid at one time, for a loan of money for a specified period, distinct from and independently of the interest" Association v. Wilcox, 24 … [Read more...] about BONUS
B
BOON DAYS
In English law. Certain days in the year (sometimes called "due days") on which tenants in copyhold were obliged to perform corporal services for the lord. Whishaw. … [Read more...] about BOON DAYS
BONUS JUDEX SECUNDUM AEQUUM ET BONUM JUDICAT ET AEQUITATEM STRICTO JURI PRAEFERT
A good judge decides according to justice and right and prefers equity to strict law. … [Read more...] about BONUS JUDEX SECUNDUM AEQUUM ET BONUM JUDICAT ET AEQUITATEM STRICTO JURI PRAEFERT
BOOT
In a like kind exchange of property (Internal Revenue Code Sec. 1031), this refers any property or money value which does not quality. Selling a property for $150,000 resulting in a $50,000 gain in exchange for another property purchased for $130,000 results in $20,000 of boot or taxable gain. … [Read more...] about BOOT
BONDAGE
Slavery, involuntary personal servitude; captivity. In old English law, villenage, villein tenure. 2 Bl. Comm. 92. … [Read more...] about BONDAGE