Law Glossary
Law Glossary
About the Book
A law glossary that is being written and published using Leanpub's philosophy.
Table of Contents
- Preface
- \#’s
-
A
- abatement
- abeyance
- abrogate
- abstract fees
- Accelerated Cost Recovery System (ACRS)
- accidental American
- accounting period
- accumulation planning
- acknowledgment
- acknowledgment of paternity
- action for mesne profits
- action for the recovery of mesne profits
- action of trespass for mesne profits
- active trust
- activities of daily living (ADLs)
- ActivityPub
- ademption
- adjourn
- adjournment
- adjusted gross income (AGI)
- administration
- administrator cum testamento annexo (c.t.a.)
- administrator de bonis non (d.b.n.)
- ad valorem tax
- advance-and-protect strategy
- affidavit
- affidavit of entitlement in Nevada
- affidavit of handwriting
- affirmative defense
- after-tax dollars
- age-based 529 plan
- agency mortgage-backed securities
- agency mortgage bonds
- “aggregate” approach to partnership taxation
- Agreement Settling Account
- aids
- alienable
- alienation
- allodial
- amend
- American Citizens Abroad
- amortization
- annuitant
- annuity
- answer
- antenuptial agreement
- appellant
- appellee
- appraisal gap
- appraisal gap waiver
- appraisal waiver
- artificial intelligence (AI)
- asset allocation
- asset protection
- assignee for the benefit of creditors
- autophagy
- average liquidity coverage ratio
-
B
- baby boomer
- back-end SLAT
- balanced portfolio
- Barista FIRE
- basis point
- Battle of Hastings
- bear market
- bench trial
- beneficiary
- beneficiary form
- bequest
- bill jacket
- Billionaire Minimum Income Tax
- blended family
- bond
- bond ladder
- book value of a bond
- “boomerang children”
- borough English tenure
- boundary line agreement
- broker
- brokering fractional shares in life insurance
- brownfield site
- BRRRR strategy
- bull market
- burgage tenure
- burial insurance
- bylaws
-
C
- cabined
- California source income
- call
- callable bond
- callable certificate of deposit
- capital flight
- capital gains
- capital gains tax
- capital loss
- caption
- casual ejector
- catch and kill
- catch-up contribution
- CD ladder
- cell reprogramming
- certificate of deposit
- certified financial planner (CFP)
- cestui que trust
- chattel
- Chevron deference
- chose
- chose in action
- chosen family
- codicil
- cognovit judgment
- coins
- collateralized debt obligation (CDO)
- collateral heirs
- combined loan-to-value ratio (CLTV)
- Committee for a Responsible Federal Budget
- common law
- community property
- community spouse
- commute
- compound interest
- concurrent interest
- concurrent jurisdiction
- concurrent ownership
- conflict of laws
- Congressional Review Act (CRA)
- consideration
- constructive fraud
- Consumer Price Index (CPI)
- contingent convertible bond (CoCo)
- continuously compounding interest
- contractual buyout
- contractual will
- contribution
- convenience of employer rule
- convertible bond
- copyhold tenure
- corporate bond
- correction
- correction deed
- cost basis
- cost of living
- court
- Court Baron
- Court Customary
- covenant of seisin
- covenant for seisin
- Coverdell education savings account (Coverdell ESA)
- CPLR § 408
- creator
- credit quality
- credit risk
- Credit Suisse
- credit washing
- CRE industry
- cryogenic freezing
- cryptocurrency
- CUSIP number
-
D
- Danegeld
- dapps
- DAPT
- dead hand
- debate
- de facto
- de jure
- death benefit
- Death on the High Seas Act (DOSHA)
- death-put redemption clause in a certificate of deposit
- death tax
- decanting
- decedent
- decentralized apps
- decentralized finance
- declaratory judgment
- decumulation
- deed
- default rule
- defective grantor trust
- defendant in error
- DeFi
- demesne
- dependent tenure
- deposit betas
- derivative claim
- derivative suit
- designated Roth contribution
- devisable
- devise
- devisee
- dicta
- digital asset account
- digital assets
- directed verdict
- directed trust
- disclaim
- discretionary fiduciary investment adviser
- discretionary power of appointment
- discretionary trust
- disposition
- distributee
- Domesday Book
- donor
- Donor-Advised Fund (DAF)
- double spacing
- double tapping
- dovish
- draftsmanship
- due-on-sale clause
- durable power of attorney
- duress
- duty of loyalty
- duty of impartiality
- duty of prudent administration
- dwelling
- dynasty trust
-
E
- economies of scale
- endowment fund
- education inflation
- effective tax rate
- efficient market theory
- ejector
- elective deferral contribution
- eligible designated beneficiary
- emergency fund
- enfeoff
- “entity” approach to partnership taxation
- equitable adjustment
- equitable apportionment
- equitable buyout
- equitable conversion
- equity risk premium
- escheat
- ESG factors
- estate
- estate planning
- estate tax
- estate tax cliff
- execute
- executor
- diversification
- ex-dividend date
- ex-dividend effect
-
F
- fair market value
- family office
- Fat FIRE
- FDIC-insured sweep program
- fealty
- fear index
- fee
- fee-only advisers
- feudalism
- fiduciary
- fiduciary accounting
- fiduciary duty
- fieri facias
- final
- final expense insurance
- final judgment
- financial adviser
- financial coach
- financial consultant
- financial elder abuse
- financial independence
- financial planning
- FIRE movement
- firm risk
- first in, first out (FIFO) method
- flat tax
- flood zones
- font
- Form 941
- four unities test
- frankalmoin tenure
- free tenure
- freeman
- funeral insurance
- future interest
-
G
- gaslighting
- gavelkind tenure
- general denial
- general power of appointment
- generation-skipping transfer
- generation-skipping transfer tax (GSTT)
- gift tax
- gig work
- gold
- gold IRA
- governance
- government bond
- Grammarly
- grand serjeanty
- grantor
- grantor trust
- gray divorce
- gross estate
- gross negligence
- gross pay
- guardian ad litem (GAL)
- guardian by nature
- H
-
I
- “I love you” will
- ICE U.S. Dollar Index
- Illinois Senior Citizens Real Estate Tax Deferral Program
- illiquid estate
- ILIT
- impounded document
- incidents of tenure
- income-driven repayment (IRD) plan
- Incomplete Non-Grantor Trust (ING)
- index number
- indictment
- individual retirement account (IRA)
- Individual Taxpayer Identification Number (ITIN)
- individually managed account
- industry risk
- inflation
- inflation rate
- informal settlement of an estate
- inheritable
- inheritance
- inheritance tax
- installment debt
- installment loan
- insurable title
- intentionalist
- intentionally defective grantor trust (IDGT)
- inter alia
- interest rate risk
- Internal Revenue Code (IRC)
- Internet Tax Freedom Act (ITFA)
- intestacy law
- intestate
- inverted yield curve
- investment adviser
- Investment Advisers Act of 1940
- investment grade-rated company
- involuntary alienation
- J
- K
-
L
- labor hoarding
- laddered bond portfolio
- land trust
- last-in, first-out (LIFO) method
- “laughing” heir
- Lean FIRE
- legacy
- legal list state
- legal obligations of an estate
- legal rate of interest
- legatee
- letters
- life estate
- life estate pur autre vie
- life insurance
- life insurance trust
- life settlement
- lifetime trust
- lineal ancestors
- lineal descendants
- liquid asset
- loan principal
- loan-to-value ratio
- longevity risk
- long-term care insurance
- loophole
- lord
- Lucas v. Earl, 281 U.S. 111 (1930)
-
M
- managed account
- manor
- manorial court
- marginal tax rate
- market risk
- market value of a bond
- marketable title
- mass affluent
- maturity
- may
- measuring life
- mediator
- Medicaid Asset Protection Trust (MAPT)
- Medicare Part B
- merger
- mesne profits
- midtier millionaires
- military tenure
- “millionaires next door”
- mistaken reversal
- modern portfolio theory
- money market fund
- money market mutual fund (MMMF)
- monospaced typeface
- mortgage insurance premium
- mortgage protection insurance
- mortgage recasting
- motherhood penalty
- motion to dismiss
- municipal bond
- multiple dwelling
-
N
- natural burial
- N.B.
- net asset value
- net investment income tax (NIIT)
- net pay
- net sales
- New Domesday Book
- next of kin
- NFTs
- nominal consideration
- non dat qui non habet
- non-discretionary fiduciary financial adviser
- nonfungible tokens
- non-grantor trust
- non-judicial settlement of an estate
- nonmatching contributions
- non-probate asset
- Norman Conquest
- nota bene
- notice of appeal
- nullius in verba
- O
-
P
- part performance
- partnership
- passive trust
- pass-through entity tax (PTET)
- patrimony
- pay-as-you-go
- pay-go
- pecuniary distribution
- Personal Consumption Expenditures Index (PCPI)
- petit serjeanty
- petition
- plaintiff in error
- point size
- poll tax
- portfolio manager
- postponed power of appointment
- pour-over will
- power
- power of appointment
- power of attorney
- precatory language
- predecease
- present interest
- preservation planning
- presumption
- primer seisin
- primogeniture
- principal
- principal-agent problem
- private mortgage insurance
- private trust company
- probate
- probate assets
- probate estate
- profit
- progressive tax
- proportionally spaced typeface
- pro tanto
- PTET
- public record
- purposivist
- put
- Q
-
R
- ratio decidendi
- reacquired stock
- real estate
- real property
- realization
- Receipt and Release Agreement
- Receipt, Release, Refunding and Indemnification Agreement
- recession
- record date
- regressive tax
- reinvestment risk
- remaining executor
- relief
- remedy of distress
- remote-ink notarization (RIN)
- remote online notarization (RON)
- rent
- renunciation
- required beginning date
- required minimum distribution (RMD)
- res
- res judicata
- restricted document
- Restricted Property Trust
- resulting trust
- retirement
- retirement plan fiduciary adviser
- retirement planning
- Revenue Ruling 85-13
- Revenue Ruling 2004-64
- reversion
- revolving debt
- risk management
- risk premium
- risk-return curve
- risk-tolerance surveys
- robo adviser
- rollover
- Roth conversion
- rule against perpetuities
- Rule of 72
-
S
- salary reduction contribution
- sanism
- sans serif
- scoring a bill
- scutage
- seal
- section 7520 interest rate
- secured debt
- seisin
- self-declared trust
- self-settled trust
- separately managed account (SMA)
- serif
- serjeanty tenure
- service
- service of process
- settlement
- settlor
- short sale
- short-term capital gains
- shorting a stock
- silent trust
- Silicon Valley Bank
- skip person
- slave
- socage tenure
- sole proprietorship
- Sotheyb’s
- special guardian
- special needs trust
- special verdict
- spendthrift clause
- SPLAT
- sprinkle trust
- squeaky wheel principle
- stagflation
- standard deduction
- state and local tax (SALT) deduction
- static 529 plan
- Statute of Frauds
- Statute of Wills (1540)
- Statute Quia Emptores (1290)
- statutory buyout
- statutory will
- stipulated facts
- “still working” exception for RMDs
- stock buyback
- subject to
- subpoena ad testificandum
- subpoena duces tecum
- successor agent
- successor trustee
- sundowner’s syndrome
- supplemental needs trust
- supported decision making
- surcharge
- surrender and admittance
- surviving executor
-
T
- target-date fund
- tax accounting
- tax advisory services
- tax bracket system
- tax cliff
- tax compliance services
- tax credit
- Tax Cuts and Jobs Act (TCJA)
- tax deduction
- tax installment agreement
- taxable income
- tax-loss harvesting
- tax planning
- tax preparation
- tax rate
- tenancy by the entirety
- tenancy in partnership
- tenant in capite
- tenant-in-chief
- tenant in demesne
- tenants paravail
- tenure
- tenure by divine service
- tenure by knight service
- term
- testament
- testamentary substitutes
- testamentary trust
- testate
- testator
- the 4% rule
- the fiduciary obligation
- the great wealth transfer
- The New Domesday Book
- the observer effect
- the TINA effect for stocks
- Thrift Savings Plan (TSP)
- time value of money
- title
- title insurance
- title report
- tokens
- total return
- total return swap
- total return trust (TRT)
- total value locked
- Totten trust
- Treasuries
- Treasury inflation-protected securities (TIPS)
- treasury shares
- treasury stock
- trial by judge
- trust
- trust fiduciary law
- trust protector
- trustee
- trustor
- turnkey property
- typeface
-
U
- ultra-high-net-worth individuals (ultra-HNWI)
- ultrashort bond strategy
- underscore
- undue influence
- unfree tenure
- unhosted wallet
- Uniform Fiduciary Income and Principal Act (UFIPA)
- Uniform Management of Institutional Funds Act (UMIFA)
- Uniform Principal and Income Act (UPIA)
- unitrust
- unrealized gain
- unrealized gains tax
- unrealized loss
- unseal order
- unsecured debt
- upstate New York
- U.S. Treasuries
- V
- W
- X
- Y
- Z
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