P

Holding of title to property without adverse claims by another party. … [Read more...] about PEACEABLE POSSESSION

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

To pay in full. To pay completely and discharge all obligations. … [Read more...] about PAYOFF

Latin, meaning Wrongs against nature are the most serious. … [Read more...] about PECCATA CONTRA NATURAM SUNT GRAVISSIMA

A payment that is due to a named person upon the death of the decedent, used as frequently to avoid probate. The person retains complete control over the property and provide an ownership document (on a bank account registration card, for example) which has the designated beneficiary who will inherit the property at death. … [Read more...] about PAY-ON-DEATH (POD) DESIGNATION