Law Glossary

Preface

#’s

1. 10-year rule
2. 18B attorney
3. 50/30/20 budget rule
4. 60/40 portfolio
5. 401(k)
6. 2503(c) trust
7. 7520 rate

A

1. abatement
2. abeyance
3. abrogate
4. abstract fees
5. Accelerated Cost Recovery System (ACRS)
6. accidental American
7. accounting period
8. accumulation planning
9. acknowledgment
10. acknowledgment of paternity
11. action for mesne profits
12. action for the recovery of mesne profits
13. action of trespass for mesne profits
14. active trust
15. activities of daily living (ADLs)
16. ActivityPub
17. ademption
18. adjourn
19. adjournment
20. adjusted gross income (AGI)
21. administration
22. administrator cum testamento annexo (c.t.a.)
23. administrator de bonis non (d.b.n.)
24. ad valorem tax
25. advance-and-protect strategy
26. affidavit
27. affidavit of entitlement in Nevada
28. affidavit of handwriting
29. affirmative defense
30. after-tax dollars
31. age-based 529 plan
32. agency mortgage-backed securities
33. agency mortgage bonds
34. “aggregate” approach to partnership taxation
35. Agreement Settling Account
36. aids
37. alienable
38. alienation
39. allodial
40. amend
41. American Citizens Abroad
42. amortization
43. annual compounding
44. annuitant
45. annuity
46. answer
47. antenuptial agreement
48. appellant
49. appellee
50. appraisal gap
51. appraisal gap waiver
52. appraisal waiver
53. articles of incorporation
54. artificial intelligence (AI)
55. asset allocation
56. asset protection
57. assignee for the benefit of creditors
58. attorney-client privilege
59. autophagy
60. average liquidity coverage ratio

B

1. baby boomer
2. back-end SLAT
3. backfire effect
4. balanced portfolio
5. Barista FIRE
6. basis point
7. Battle of Hastings
8. bear market
9. bench trial
10. beneficiary
11. beneficiary form
12. bequest
13. bias
14. bill jacket
15. Billionaire Minimum Income Tax
16. blended family
17. bond
18. bond ladder
19. book value of a bond
20. “boomerang children”
21. borough English tenure
22. boundary line agreement
23. broker
24. brokering fractional shares in life insurance
25. brownfield site
26. BRRRR strategy 
27. bull market
28. burgage tenure
29. burial insurance
30. bylaws

C

1. cabined
2. California source income
3. call
4. callable bond
5. callable certificate of deposit
6. capital flight
7. capital gains
8. capital gains tax
9. capital loss
10. caption
11. casual ejector
12. catch and kill
13. catch-up contribution
14. CD ladder
15. cell reprogramming
16. certificate of deposit
17. certificate of incorporation
18. certified financial planner (CFP)
19. cestui que trust
20. charging order
21. chattel
22. Chevron deference
23. chose
24. chose in action
25. chosen family
26. claim
27. codicil 
28. cognovit judgment
29. coins
30. collateralized debt obligation (CDO)
31. collateral heirs
32. combined loan-to-value ratio (CLTV)
33. Committee for a Responsible Federal Budget
34. common law
35. community property
36. community spouse
37. commute
38. compound interest
39. concurrent interest
40. concurrent jurisdiction
41. concurrent ownership
42. conflict of laws
43. Congressional Review Act (CRA)
44. consideration
45. constructive fraud
46. Consumer Price Index (CPI)
47. contingent convertible bond (CoCo)
48. continuously compounding interest
49. contractual buyout
50. contractual will
51. contribution
52. convenience of employer rule
53. convertible bond
54. convertible virtual currency (CVC) kiosk
55. copyhold tenure
56. corporate bond
57. correction
58. correction deed
59. cost basis
60. cost of living
61. court
62. Court Baron
63. Court Customary
64. covenant of seisin
65. covenant for seisin
66. Coverdell education savings account (Coverdell ESA)
67. CPLR § 408
68. creator
69. credit quality
70. credit risk
71. Credit Suisse
72. credit washing
73. CRE industry
74. cryogenic freezing
75. crypto ATM
76. cryptocurrency
77. CUSIP number
78. CVC kiosk

D

1. Danegeld
2. dapps
3. DAPT
4. dead hand
5. debate
6. de facto
7. de jure
8. death benefit
9. Death on the High Seas Act (DOSHA)
10. death-put redemption clause in a certificate of deposit
11. death tax
12. decanting
13. decedent
14. decentralized apps
15. decentralized finance
16. declaratory judgment
17. decumulation
18. deed
19. default rule
20. defective grantor trust
21. defendant in error
22. DeFi
23. demesne
24. dependent tenure
25. deposit betas
26. derivative claim
27. derivative suit
28. designated Roth contribution
29. devisable
30. devise
31. devisee
32. dicta
33. digital asset account
34. digital assets
35. direct care workforce
36. directed verdict
37. directed trust
38. disclaim
39. discretionary fiduciary investment adviser
40. discretionary power of appointment
41. discretionary trust
42. disposition
43. distributee
44. Domesday Book
45. domicile
46. donor
47. Donor-Advised Fund (DAF)
48. double spacing
49. double tapping
50. dovish
51. draftsmanship
52. due-on-sale clause
53. durable power of attorney
54. duress
55. duty of loyalty
56. duty of impartiality
57. duty of prudent administration
58. dwelling
59. dynasty trust

E

1. echo chamber effect
2. echo chambers
3. economies of scale
4. endowment fund
5. education inflation
6. effective tax rate
7. efficient market theory
8. ejector
9. elective deferral contribution
10. eligible designated beneficiary
11. emergency fund
12. enfeoff
13. “entity” approach to partnership taxation
14. equitable adjustment
15. equitable apportionment
16. equitable buyout
17. equitable conversion
18. equitable deviation
19. equity risk premium
20. escheat
21. ESG factors
22. estate
23. estate planning
24. estate tax
25. estate tax cliff
26. execute
27. executor
28. diversification
29. ex-dividend date
30. ex-dividend effect
31. exception creditor

F

1. fair market value
2. family office
3. Fat FIRE
4. FDIC-insured sweep program
5. fealty
6. fear index
7. fee
8. fee-only advisers
9. feudalism
10. fiduciary
11. fiduciary accounting
12. fiduciary duty
13. fieri facias
14. filter buble
15. final
16. final expense insurance
17. final judgment
18. financial adviser
19. financial coach
20. financial consultant
21. financial elder abuse
22. financial independence
23. financial planning
24. FIRE movement
25. firm risk
26. first in, first out (FIFO) method
27. flat tax
28. flood zones
29. flowage right
30. font
31. Form 941
32. four unities test
33. frankalmoin tenure
34. free tenure
35. freeman 
36. funeral insurance
37. future interest 

G

1. gaslighting
2. gavelkind tenure
3. general denial
4. general power of appointment
5. generation-skipping transfer
6. generation-skipping transfer tax (GSTT)
7. gift tax
8. gig work
9. gold
10. gold IRA
11. governance
12. government bond
13. Grammarly
14. grand serjeanty
15. grantor
16. grantor trust
17. gray divorce
18. gross estate
19. gross negligence
20. gross pay
21. guardian ad litem (GAL)
22. guardian by nature

H

1. habendum clause
2. harmless error doctrine
3. Hawking Index
4. hawkish
5. health care proxy
6. heir
7. high-net-worth individuals (HNWI)
8. high-yield bonds
9. holographic will
10. homage
11. honour
12. hosted wallet
13. Housing Development Fund Corporations (HDFCs)
14. human composting
15. hybrid DAPT

I

1. “I love you” will
2. ICE U.S. Dollar Index
3. Illinois Senior Citizens Real Estate Tax Deferral Program
4. illiquid estate
5. ILIT
6. impounded document
7. incidents of tenure
8. income-driven repayment (IRD) plan
9. Incomplete Non-Grantor Trust (ING)
10. incorporation
11. indenture
12. index number
13. indictment
14. individual retirement account (IRA)
15. Individual Taxpayer Identification Number (ITIN)
16. individually managed account
17. industry risk
18. inflation
19. inflation rate
20. informal settlement of an estate
21. inheritable
22. inheritance
23. inheritance tax
24. installment debt
25. installment loan
26. insurable title
27. intentionalist
28. intentionally defective grantor trust (IDGT)
29. inter alia
30. interest rate risk
31. Internal Revenue Code (IRC)
32. Internet Tax Freedom Act (ITFA)
33. intestacy law
34. intestate
35. intrinsic validity
36. inverted yield curve
37. investment adviser
38. Investment Advisers Act of 1940
39. investment grade-rated company
40. involuntary alienation

J

1. joint tenancy
2. joint tenancy with right of survivorship
3. joint will
4. Juneteenth
5. junk bonds
6. jurisdiction

K

L

1. labor hoarding
2. laddered bond portfolio
3. land trust
4. last-in, first-out (LIFO) method
5. “laughing” heir
6. Lean FIRE
7. legacy
8. legal list state
9. legal obligations of an estate
10. legal rate of interest
11. legatee
12. letters
13. life estate
14. life estate pur autre vie
15. life insurance
16. life insurance trust
17. life settlement
18. lifetime trust
19. lineal ancestors
20. lineal descendants
21. liquid asset
22. loan principal
23. loan-to-value ratio
24. longevity risk
25. long-term care insurance
26. long-term services and supports (LTSS)
27. loophole
28. lord
29. Lucas v. Earl, 281 U.S. 111 (1930)

M

1. managed account
2. manor
3. manorial court
4. marginal tax rate
5. market risk
6. market value of a bond
7. marketable title
8. mass affluent
9. maturity
10. may
11. measuring life
12. mediator
13. Medicaid Asset Protection Trust (MAPT)
14. Medicare Part B
15. merger
16. mesne profits
17. midtier millionaires
18. military tenure
19. “millionaires next door”
20. mistaken reversal
21. modern portfolio theory
22. money market fund
23. money market mutual fund (MMMF)
24. monospaced typeface
25. moot
26. mortgage insurance premium
27. mortgage protection insurance
28. mortgage recasting
29. motherhood penalty
30. motion to dismiss
31. municipal bond
32. multiple dwelling

N

1. natural burial
2. N.B.
3. net asset value
4. net investment income tax (NIIT)
5. net pay
6. net sales
7. New Domesday Book
8. next of kin
9. NFTs
10. nominal consideration
11. non dat qui non habet
12. non-discretionary fiduciary financial adviser
13. nonfungible tokens
14. non-grantor trust
15. non-judicial settlement of an estate
16. nonmatching contributions
17. non-probate asset
18. normalcy bias
19. Norman Conquest
20. nota bene
21. notice of appeal
22. nullius in verba

O

1. obiter
2. occupant
3. off-the-rack rule
4. off-the-shelf rule
5. “One Shot Deal”
6. order
7. ostrich effect by investors
8. overreaching

P

1. part performance
2. partnership
3. passive trust
4. pass-through entity tax (PTET)
5. patrimony
6. pay-as-you-go
7. pay-go
8. pecuniary distribution
9. pension fund
10. persistence bias
11. Personal Consumption Expenditures Index (PCPI)
12. petit serjeanty
13. petition
14. petition for a writ of certiorari
15. pied-à-terre
16. plaintiff in error
17. privilege
18. point size
19. poll tax
20. portfolio manager
21. postponed power of appointment
22. pour-over will
23. power
24. power of appointment
25. power of attorney
26. precatory language
27. predecease
28. present interest
29. preservation planning
30. presumption
31. primer seisin
32. primogeniture
33. principal
34. principal-agent problem
35. private mortgage insurance
36. private trust company
37. probate
38. probate assets
39. probate estate
40. profit
41. progressive tax
42. projection bias
43. proportionally spaced typeface
44. pro tanto
45. PTET
46. public record
47. purposivist
48. put

Q

1. qualified charitable distribution (QCD)
2. Qualified Terminable Interest Property Trust (QTIP)
3. quantitative easing
4. quantitative tightening

R

1. Rashomon effect
2. ratio decidendi
3. reacquired stock
4. real estate
5. real property
6. realization
7. Receipt and Release Agreement
8. Receipt, Release, Refunding and Indemnification Agreement
9. recession
10. record date
11. regressive tax
12. reinvestment risk
13. remaining executor
14. relief
15. remedy of distress
16. remote-ink notarization (RIN)
17. remote online notarization (RON)
18. rent
19. renunciation
20. required beginning date
21. required minimum distribution (RMD)
22. res
23. res judicata
24. restricted document
25. Restricted Property Trust
26. resulting trust
27. retirement
28. retirement plan fiduciary adviser
29. retirement planning
30. Revenue Ruling 85-13
31. Revenue Ruling 2004-64
32. reversion
33. revolving debt
34. right of sepulcher
35. risk management
36. risk premium
37. risk-return curve
38. risk-tolerance surveys
39. robo adviser
40. rollover
41. Roth conversion
42. rule against perpetuities
43. Rule of 72

S

1. salary reduction contribution
2. sanism
3. sans serif
4. scoring a bill
5. scutage
6. seal
7. section 7520 interest rate
8. secured debt
9. seisin
10. self-declared trust
11. self-direction
12. self-settled trust
13. separately managed account (SMA)
14. serif
15. serjeanty tenure
16. service
17. service of process
18. settlement
19. settlor
20. short sale
21. short-term capital gains
22. shorting a stock
23. silent trust
24. Silicon Valley Bank
25. skip person
26. slave
27. socage tenure
28. sole proprietorship
29. Sotheyb’s
30. sovereign wealth fund
31. special guardian
32. special needs trust
33. special verdict
34. spendthrift clause
35. SPLAT
36. sprinkle trust
37. squeaky wheel principle
38. stagflation
39. standard deduction
40. state and local tax (SALT) deduction
41. static 529 plan
42. status quo bias
43. Statute of Frauds
44. Statute of Wills (1540)
45. Statute Quia Emptores (1290)
46. statutory buyout
47. statutory will
48. stipulated facts
49. “still working” exception for RMDs
50. stock buyback
51. subject to
52. subpoena ad testificandum
53. subpoena duces tecum
54. successor agent
55. successor trustee
56. sundowner’s syndrome
57. supplemental needs trust
58. supported decision making
59. surcharge
60. surrender and admittance
61. surviving executor

T

1. target-date fund
2. tarrif
3. tax accounting
4. tax advisory services
5. tax bracket system
6. tax cliff
7. tax compliance services
8. tax credit
9. Tax Cuts and Jobs Act (TCJA)
10. tax deduction
11. tax installment agreement
12. taxable income
13. tax-loss harvesting
14. tax planning
15. tax preparation
16. tax rate
17. T-bill
18. tenancy by the entirety
19. tenancy in partnership
20. tenant in capite
21. tenant-in-chief
22. tenant in demesne
23. tenants paravail
24. tenure
25. tenure by divine service
26. tenure by knight service
27. term
28. testament
29. testamentary substitutes
30. testamentary trust
31. testate
32. testator
33. the 4% rule
34. the fiduciary obligation
35. the great wealth transfer
36. The New Domesday Book
37. the observer effect
38. the TINA effect for stocks
39. Thrift Savings Plan (TSP)
40. time value of money
41. title
42. title insurance
43. title report
44. tokens
45. total return
46. total return swap
47. total return trust (TRT)
48. total value locked
49. Totten trust
50. Treasuries
51. treasury bill
52. Treasury inflation-protected securities (TIPS)
53. treasury shares
54. treasury stock
55. trial by judge
56. trust
57. trust fiduciary law
58. trust indenture
59. trust protector
60. trustee
61. trustor
62. turnkey property
63. typeface

U

1. ultra-high-net-worth individuals (ultra-HNWI)
2. ultrashort bond strategy
3. underscore
4. undervalued investment
5. undue influence
6. unfree tenure
7. unhosted wallet
8. Uniform Fiduciary Income and Principal Act (UFIPA)
9. Uniform Management of Institutional Funds Act (UMIFA)
10. Uniform Principal and Income Act (UPIA)
11. unitary executive theory
12. unitrust
13. unrealized gain
14. unrealized gains tax
15. unrealized loss
16. unseal order
17. unsecured debt
18. upstate New York
19. U.S. Treasuries

V

1. vassal
2. venue
3. verification
4. vest
5. villein
6. virtual currency
7. vouch to warranty
8. virtute officii
9. VIX
10. volatility index

W

1. waive extradition
2. wallet
3. warrant of eviction
4. wardship
5. wash sale
6. waste
7. wealth adviser
8. wealth transfer
9. wealth-transfer taxes
10. WebSurrogate
11. wiki
12. wiki link
13. will
14. will substitute
15. woke
16. words of limitation
17. words of purchase
18. work product doctrine
19. wrap account

X

Y

Z

1. zakāt