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. autophagy
59. 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. chattel
21. Chevron deference
22. chose
23. chose in action
24. chosen family
25. codicil 
26. cognovit judgment
27. coins
28. collateralized debt obligation (CDO)
29. collateral heirs
30. combined loan-to-value ratio (CLTV)
31. Committee for a Responsible Federal Budget
32. common law
33. community property
34. community spouse
35. commute
36. compound interest
37. concurrent interest
38. concurrent jurisdiction
39. concurrent ownership
40. conflict of laws
41. Congressional Review Act (CRA)
42. consideration
43. constructive fraud
44. Consumer Price Index (CPI)
45. contingent convertible bond (CoCo)
46. continuously compounding interest
47. contractual buyout
48. contractual will
49. contribution
50. convenience of employer rule
51. convertible bond
52. convertible virtual currency (CVC) kiosk
53. copyhold tenure
54. corporate bond
55. correction
56. correction deed
57. cost basis
58. cost of living
59. court
60. Court Baron
61. Court Customary
62. covenant of seisin
63. covenant for seisin
64. Coverdell education savings account (Coverdell ESA)
65. CPLR § 408
66. creator
67. credit quality
68. credit risk
69. Credit Suisse
70. credit washing
71. CRE industry
72. cryogenic freezing
73. crypto ATM
74. cryptocurrency
75. CUSIP number
76. 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. donor
46. Donor-Advised Fund (DAF)
47. double spacing
48. double tapping
49. dovish
50. draftsmanship
51. due-on-sale clause
52. durable power of attorney
53. duress
54. duty of loyalty
55. duty of impartiality
56. duty of prudent administration
57. dwelling
58. 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. equity risk premium
19. escheat
20. ESG factors
21. estate
22. estate planning
23. estate tax
24. estate tax cliff
25. execute
26. executor
27. diversification
28. ex-dividend date
29. ex-dividend effect

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. font
30. Form 941
31. four unities test
32. frankalmoin tenure
33. free tenure
34. freeman 
35. funeral insurance
36. 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. hawkish
3. health care proxy
4. heir
5. high-net-worth individuals (HNWI)
6. high-yield bonds
7. holographic will
8. homage
9. honour
10. hosted wallet
11. human composting
12. 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. inverted yield curve
36. investment adviser
37. Investment Advisers Act of 1940
38. investment grade-rated company
39. 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. mortgage insurance premium
26. mortgage protection insurance
27. mortgage recasting
28. motherhood penalty
29. motion to dismiss
30. municipal bond
31. 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. plaintiff in error
16. point size
17. poll tax
18. portfolio manager
19. postponed power of appointment
20. pour-over will
21. power
22. power of appointment
23. power of attorney
24. precatory language
25. predecease
26. present interest
27. preservation planning
28. presumption
29. primer seisin
30. primogeniture
31. principal
32. principal-agent problem
33. private mortgage insurance
34. private trust company
35. probate
36. probate assets
37. probate estate
38. profit
39. progressive tax
40. projection bias
41. proportionally spaced typeface
42. pro tanto
43. PTET
44. public record
45. purposivist
46. 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-settled trust
12. separately managed account (SMA)
13. serif
14. serjeanty tenure
15. service
16. service of process
17. settlement
18. settlor
19. short sale
20. short-term capital gains
21. shorting a stock
22. silent trust
23. Silicon Valley Bank
24. skip person
25. slave
26. socage tenure
27. sole proprietorship
28. Sotheyb’s
29. sovereign wealth fund
30. special guardian
31. special needs trust
32. special verdict
33. spendthrift clause
34. SPLAT
35. sprinkle trust
36. squeaky wheel principle
37. stagflation
38. standard deduction
39. state and local tax (SALT) deduction
40. static 529 plan
41. status quo bias
42. Statute of Frauds
43. Statute of Wills (1540)
44. Statute Quia Emptores (1290)
45. statutory buyout
46. statutory will
47. stipulated facts
48. “still working” exception for RMDs
49. stock buyback
50. subject to
51. subpoena ad testificandum
52. subpoena duces tecum
53. successor agent
54. successor trustee
55. sundowner’s syndrome
56. supplemental needs trust
57. supported decision making
58. surcharge
59. surrender and admittance
60. 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. wrap account

X

Y

Z

1. zakāt