A tenant who stays in possession of property after termination of a lease. … [Read more...]
HOLD HARMLESS
A contract term meaning that one party will not hold the other party responsible. This is usually the context in that a party performs on the contract in a way that might cause damage to the other party, usually unintentional, such as a failure of a service that causes a consequential damage. … [Read more...]
HOLDUP
A robbery, usually at gunpoint. … [Read more...]
HOLD HARMLESS CLAUSE
A contractual clause where it is agreed that a party will not to hold the other party responsible for losses or damages. See also indemnity clause. … [Read more...]
HOLIDAY
A religious festival; a day set apart for commemorating some important event in history; a day of exemption from labor. Webster. A day upon which the usual operations of business are suspended and the courts closed, and, generally, no legal process is served. Legal holiday. A day designated by law as exempt from judicial proceedings, service of process, demand and protest of … [Read more...]