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...] about ORIGINATION FEE
O
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...] about OSTENSIBLE AGENCY
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...] about ORNAMENT
OSTENSIBLE AGENT
One who is an apparent agent for a principle. … [Read more...] about OSTENSIBLE AGENT
ORNEST
In old English law. The trial by battle, which does not seem to have been usual in England before the time of the Conqueror, though originating in the kingdoms of the north, where it was practiced under the name of "holmgang," from the custom of fighting duels on a small island or holm. Wharton. … [Read more...] about ORNEST