TERM FOR YEARS

An estate for years, and the time during which such estate is to be held, are each called a term; hence the term may expire before the time, as by a surrender. Co. Litt. 45. If, for example, a conveyance be made to Peter for three years, and after the expiration of the said term to Paul for six, and Peter surrenders or forfeits his term after one year, Paul's estate takes … [Read more...] about TERM FOR YEARS

This phrase is used in the English courts of equity, to signify that when a term has been created for a particular purpose, which is satisfied, and the instrument by which it is created does not provide for a cesser of the term, on the happening of the event, the benefit in it becomes subject to the rules of equity, and must be moulded and disposed of according to the equitable … [Read more...] about TERM ATTENDANT ON THE INHERITANCE

(A) construction. Word; expression speech. 2. Terms or words are characters by which we announce our sentiments, and make known to others things with which we are acquainted. These must be properly construed or interpreted in order to understand the parties using them. Vide Construction; Interpretation; Word. (B) contracts. This word is used in the civil, law to denote the … [Read more...] about TERM

A term applied in the West Indies to a person one of whose parents was white and the other a mulatto. See Daniel v. Guy, 19 Ark. 13L … [Read more...] about TERCERONE

In Scotch law. A widow that possesses the third part of her husband's land, as her legal jointure. 1 Karnes, Eq. pref. … [Read more...] about TERCER