In English law. Transcripts sent to the remembrancer's office in the exchequer out of the chancery, distinguished from recorda, which contain the judgments and pleadings in actions tried before the barons. Origine propria neminem posse vo lnntate sua eximi manifestum est. It is evident that no one is able of his own pleasure, to do away with his proper origin. … [Read more...]
OSTENDIT VOBIS
Latin: In old pleading. Shows to you. Formal words with which a demandant began his count. Fleta, lib. 5, c. 38, 5 2. … [Read more...]
ORIGINATION FEE
The fee that is paid to a lender in order to begin the process of completing a loan application. May also be called points and is usually a percentage of the amount of the loan. … [Read more...]
OSTENSIBLE AGENCY
An implied or presumptive agency, which exists where one, either intentionally or from want of ordinary care, induces another to believe that a third person is his agent though he never in fact employed him. Bibb v. Bancroft (Cal.) 22 Pac. 484; First Nat. Bank v. Elevator Co., 11 N. D. 280, 91 N. W. 437. … [Read more...]
ORNAMENT
An embellishment. In questions arising as to which of two things is to be considered as principal or accessory, it is the rule, that an ornament shall be considered as an accessory. Vide Accessory; Principal. … [Read more...]