A contract that is payable for performance in one single lump sum and with no division. … [Read more...]

Latin: In Roman law. A term including everything which a husband or wife, as such, acquires from the estate of the other, either before the marriage, or on agreeing to it, or during its continuance, or after its dissolution, and whether the acquisition is by pure gift, or by virtue of the marriage contract, or against the will of the other party by law or statute. See Mackeld. … [Read more...]

A single payment made at one time rather than smaller periodic installment payments. … [Read more...]

Lat. In Roman law. A consideration which is voluntary; that is to say, a gratuitous gift, or such like. It was opposed to onerosa causa, which denoted a valuable consideration. It was a principle of the Roman law that two lucrative causes could not concur in the same person as regarded the same thing; that is to say, that, when the same thing was bequeathed to a person by two … [Read more...]

A payment made to settle a matter or lawsuit that is made in one single lump sum and at one time rather than smaller periodic installment payments. … [Read more...]