This term is applied to those rights which are cast upon a party by the law, without any act of his own; as, the right to an estate of one who dies intestate, is cast upon the heir at law, by operation of law; when a lessee for life enfeoffs him in reversion, or when the lessee and lessor join in a feoffment, or when a lessee for life or years accepts a new lease or demise from … [Read more...] about OPERATION OF LAW
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OPEN ENDED LOAN
A loan made with no specific due date, e.g. credit cards. May be paid back within a certain period of time. … [Read more...] about OPEN ENDED LOAN
OPERATIVE
A workman; one employed to perform labor for another. 2. This word is used in the bankrupt law of 19th August, 1841, s. 5, which directs that any person who shall have performed any labor as an operative in the service of any bankrupt shall be entitled to receive the full amount of wages due to him for such labor, not exceeding twenty-five dollars; provided that such labor … [Read more...] about OPERATIVE
OPEN JUSTICE
A common law concept that court proceedings should be open to the public for viewing, including all court files, which provides transparency of the process. … [Read more...] about OPEN JUSTICE
OPERATIVE PART
That part of a conveyance, or of any Instrument intended for the creation or transference of rights, by which the main object of the instrument is carried into effect. It is distinguished from Introductory matter, recitals, formal conclusion, etc. … [Read more...] about OPERATIVE PART