Tag: party

Joint And Several Liability

DefinitionWhere two or more persons are liable in respect of the same liability, in most common law legal systems they may either be... Joint...
land lease option

Land Lease Option

When it comes to buying a home, there are many different options available to you. One of those options is the land lease option....

Land Trust

DefinitionThere are two distinct definitions of a land trust... Land Trust What is 'Land Trust' A legal agreement where a trustee is...

Lady Macbeth Strategy

What is 'Lady Macbeth Strategy' A corporate-takeover strategy with which a third party poses as a white knight to gain trust, but...
easement in gross

Easement In Gross

What does 'Easement In Gross' mean An easement in gross is an easement that attaches a particular right to an individual or entity rather than...
obligor

Obligor

What is an obligor An obligor is a legal entity that is obligated to make payments on a debt or other financial obligation. The term...

Tailgating

DefinitionTailgating is when a driver drives behind another vehicle while not leaving sufficient distance to stop without causing a collision if the vehicle in...

A-B Trust

What is 'A-B Trust' A trust created by a married couple with the objective of minimizing estate taxes. An A-B trust is...

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