Legal words and terms: election of remedies, eleemosynary, endowment, equal opportunity, escrow, estate, extortion

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Legal Dictionary Legal Terms by First Letter "E"

 
 
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election of remedies

The purpose of the doctrine of election of remedies is to prevent double recovery. Once a Plaintiff has chosen his remedy and made his claim he can not change his mind and seek recovery on a different legal theory.

For example, if a Plaint ...

Legal Remediesdetails
 

eleemosynary

relating to, or supported by charity source: Merriam-Webster Dictionary.

Charitable Giftdetails
 

endowment

a transfer of money to a fund (trust) with the aim of investing the money and keeping the principal intact forever or for a definite period of time.

The most famous and successful endowments are Harward Fund and Yale endowment fund.

Charitable Giftdetails
 

equal opportunity

A right supposedly guaranteed by both federal and many state laws against any discrimination in employment, education, housing or credit rights due to a person's race, color, sex (or sometimes sexual orientation), religion, national origin, age or ...

Constitutional Law issuesdetails
 

escrow

This term is usually used to put aside some money, documents, or something of value, with an independent third party called an escrow agent, to satisfy certain debts or obligations established in a written agreement. Most often escrow accounts ar ...

Real Estate Lawdetails
 

estate

"estate" for the purpose of estate planning may mean: (a) The interest which a person has in property; (b) The aggregate of property which a person owns.

After the death of an individual, an estate is opened by any interested p ...

Trust and Living Trustdetails
 

extortion

the felonious act of extorting money by use of threats of violence.

Extortion, as it is defined in Hobbs Act, is the obtaining of another person's property or money, with (his)(her) consent when this consent is induced or brought about thr ...

Criminal Law and Proceduredetails
 
 
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