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Accounting term; money expended for the current operation of the business, e.g. rent, utilities, salaries, etc. as opposed to the long term investments in the business, which are referred to as capital expenditures. … [Read more...] about EXPENSE

Having relation to, or depending upon something; this word is frequently used in connexion with fee, as fee expectant. … [Read more...] about EXPECTANT

An ancient writ to prohibit the sheriff from levying any allowance for knights of the shire upon those who held lands in ancient demesne. Reg. Orig. 261. Experientia per varios actns legem facit. Magistra reran experientia. Co. Litt 60. Experience by various acts makes law. Experience is the mistress of things. … [Read more...] about EXPENSIS MILITUM NON LEVANDIS

An heir who is expected to inherit a property even when no will is made. … [Read more...] about EXPECTANT HEIR

In patent law, either a trial of an uncompleted mechanical structure to ascertain what changes or additions may be necessary to make it accomplish the design of the projector, or a trial of a completed machine to test or illustrate its practical efficiency. In the former case, the inventor's efforts, being incomplete, if they are then abandoned, will have no effect upon the … [Read more...] about EXPERIMENT