Shifting fees to be paid by one party to another party. Typically it refers to the action of a court awarding legal costs associated with something from one party to another. For example, a court may award legal costs of the successful party to a lawsuit upon the losing party to the lawsuit (so that the losing party must pay both its own legal costs as well as the attorneys' … [Read more...]

This term has grown out of those purely speculative transactions, in which there is a rominal contract of sale for future delivery, but where in fact none is ever intended or executed. The nominal seller does not have or expect to have the stock or merchandise he purports to sell, nor does the nominal buyer expect to receive it or to pay the price. Instead of that, a percentage … [Read more...]

Lat. Those who are to be. Part of the commencement of old deeds. "Sciant prcesentes et futuri, quod ego talis, dedi et concessi" etc., (Let all men now living and to come know that I, A. B., have, etc.) Bract, fol. 345. … [Read more...]

A Celtic word, meaning a wood or forest. … [Read more...]

Foreign exchange market … [Read more...]