The tools which a person uses in performing work for his or her occupation, e.g. an electrician would have pliers, electrical tape, etc. Such tools of the trade are exempt property for bankruptcy purposes. … [Read more...]

A complete loss occurs where property is completely destroyed. Frequently used for insurance purposes, such as in auto insurance, where a total loss is also called a "write-off" which represents a judgment call made by an insurance company or insurer that the loss of value or cost of repair of the vehicle (or property) exceeds the policy value. As a result, repair is not a … [Read more...]

In Scotch law. An annual rent out of a house built in a burgh. Whishaw. A duty which, from the act 1551, c. 30, appears to have been due from certain lands in Edinburgh, the nature of which is not now known. Bell. … [Read more...]

The whole sum or quantity. 2. In making a tender, it is requisite that the totality of the sum due should be offered, together with the interest and costs. Vide Tender. … [Read more...]

The Bible or Old Testament, the Hebrew word for law. Also known as The Five Books of Moses that comprise the fundamental tenets of Jewish law. … [Read more...]