law term


law term
word used in the legal professional

English contemporary dictionary. 2014.

Look at other dictionaries:

  • term — n often attrib 1: a specified period of time the policy term 2: the whole period for which an estate is granted; also: the estate itself 3 a: the period in which the powers of a court may be validly exercised b …   Law dictionary

  • term loan — see loan Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. term loan …   Law dictionary

  • term of art — term of art: a word having a particular meaning in a field (as the law) – called also word of art; Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. term of art …   Law dictionary

  • law — / lȯ/ n [Old English lagu, of Scandinavian origin] 1: a rule of conduct or action prescribed or formally recognized as binding or enforced by a controlling authority: as a: a command or provision enacted by a legislature see also statute 1 b:… …   Law dictionary

  • term life insurance — see life insurance Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. term life insurance …   Law dictionary

  • term sheet — See heads of terms. Related links + term sheet USA This term has a number of meanings. In the context of: • Corporate, it is also known as a letter of intent, memorandum of understanding, heads of agreement or heads of terms. A term sheet is a… …   Law dictionary

  • term B lender — USA In the context of bank loans, lenders that lend term B loans. Typically they are institutional lenders (such as hedge funds) rather than commercial banks that prefer to hold the investment for the full term of the loan. Most term B lenders… …   Law dictionary

  • term-out option — International An option under a revolving facility (typically a short term revolving facility of 364 days) which allows the borrower to convert drawings under that facility into a term loan, subject, usually, to giving the lenders a specified… …   Law dictionary

  • term sheets — 1) heads of terms Also known as letters of intent, memoranda of understanding, heads of agreement, letters of potential interest, term sheets or protocols. A document which sets out the terms of a commercial transaction agreed in …   Law dictionary

  • term bill — A bill of exchange is a document addressed by the exporter to the importer requiring the importer to pay a sum of money. A term bill requires payment at a future date, whereas a sight draft must be settled immediately. Easyform Glossary of Law… …   Law dictionary


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