Lat. Having fulfilled the function, discharged the office, or accomplished the purpose, and therefore of no further force or authority. Applied to an officer whose term has expired, and who has consequently no further official authority; and also to an instrument power, agency, etc., which has fulfilled the purpose of its creation, and is therefore of no further virtue or … [Read more...]

An insurance policy which includes all options for coverage. … [Read more...]

(verb) - To capitalize with a view to the production of interest Stephen v. Mil nor, 24 N. J. Eq. 376. Also, to put into the form of bonds, stocks, or other securities, bearing regular interest, and to provide or appropriate a fund or permanent revenue for the payment thereof. Merrill v. Monticello (C. C.) 22 Fed. 596. Funded debt. To fund a debt is to pledge a specific fund to … [Read more...]

pleading. A denial of all wrong or injury. It is expressed in the following formula: And the said C D, (the defendant,) by E F, his attorney, comes, and defends the wrong or injury, (or force and injury,) when and where it shall behoove him, and the damages and whatsoever else he ought to defend. … [Read more...]

This word is applied to those laws which are the foundation of society. Those laws by which the exercise of power is restrained and regulated, are fundamental. The Constitution of the United States is the fundamental law of the land. See Wolff, Inst. Nat. Section 984. … [Read more...]