The Law Dictionary

DUMMY DIRECTOR

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

The director of a corporation that has no real interest in running the corporation, acts out the directives of others and serves merely as a figurehead. … [Read more...]

DUMMY SHAREHOLDER

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

The named holder of shares of stock who holds them on behalf of the actual owner. … [Read more...]

DUE ON SALE CLAUSE

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

Mortgage provision that allows the mortgage holder to demand and obtain immediate payment on the outstanding portion of the loan once a property is sold. … [Read more...]

DUKE OF EXETER'S DAUGHTER

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

The name of a rack in the Tower, so called after a minister of Henry VI. who sought to introduce it into England. … [Read more...]

DUE PROCESS

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

A fundamental procedural safeguard that ensures that every citizen has the right to be have a proper hearing in a court of law before being deprived of any life, liberty or property pursuant to a government decree. See also the fifth and fourteenth amendments to the US Constitution. … [Read more...]

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