A pecuniary legacy is one of money; pecuniary legacies are most usually general legacies, but there may be a specific pecuniary legacy; for example, of the money in a certain bag. 1 Rop. Leg. 150, n. … [Read more...] about PECUNIARY LEGACY
P
PAYMENT INTO COURT
Where a party pays money into court and is held by the court until it is determined who should be distributed the money or part of the money. Frequently this occurs in landlord-tenant court where a tenant may need to deposit rent with the court pending an eviction proceeding in order to avoid eviction for non-payment. … [Read more...] about PAYMENT INTO COURT
PEACEABLE POSSESSION
Holding of title to property without adverse claims by another party. … [Read more...] about PEACEABLE POSSESSION
PECUNIARY LOSS
A loss relating to money, a loss of expected economic benefit such as a child who is expecting financial support from a parent who is now injured. … [Read more...] about PECUNIARY LOSS
PAYOFF
To pay in full. To pay completely and discharge all obligations. … [Read more...] about PAYOFF