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Blind trust
Blind trustA trust set up by a settlor who reserves the right to terminate the trust but other than that, agrees to assert no power over the trust, which is administered without account to the beneficiary/settlor or the retention of any other measure of control over the trust's administration. In Canada, for example, it is common for government ministers to vest all their investment property to a blind trust to avoid any conflict of interest. RELATED TERMS-------------------------------------- Trust Contracts, devises. An equitable right, title or interest in property, real or personal, distinct from its legal ownership; or it is a personal obligation for paying, delivering or performing anything, where the person trusting has no real. right or security, for by, that act he confides altogether to the faithfulness of those intrusted. This is its most general meaning, and includes deposits, bailments, and the like. In its more technical sense, it may be defined to be an obligation upon a person, arising out of a confidence reposed in him, to apply property faithfully, and according to such confidence. Settlor The person who sets up a trust. Also referred to as "grantor." Right 1) Sometimes it signifies a law, as when we say that natural right requires us to keep our promises, or that it commands restitution, or that it forbids murder. In our language it is seldom used in this sense. 2) It sometimes means that quality in our actions by which they are denominated just ones. This is usually denominated rectitude. 3) It is that quality in a person by which he can do certain actions, or possess certain things which belong to him by virtue of some title. In this sense, we use it when we say that a man has a right to his estate or a right to defend himself. Power This is either inherent or derivative. The former is the right, ability, or faculty of doing something, without receiving that right, ability, or faculty from another. The people have the power to establish a form of govemment, or to change one already established. A father has the legal power to chastise his son; a master, his apprentice. Without Pleading. This word is adopted in formal traverses, and is a negative signifying "and not for;" accordingly the language of the elder entries sometimes is, It et nemy pur tiel cause. Account Practice. 1) A statement of the receipts and payments of an executor, administrator, or other trustee, of the estate confided to him. 2) An account is also the statement of two merchants or others who have dealt together, showing the debits and credits between them. Retention Scottish law. The right which the possessor of a movable has, of holding the same until he shall be satisfied for his claim either against such movable or the owner of it; a lien. Measure That which is used as a rule to determine a quantity. A certain quantity of something, taken for a unit, and which expresses a relation with other quantities of the same thing. Administration Government. The management of the affairs of the government; this word is also applied to the persons entrusted with the management of the publio affairs. Example An example is a case put to illustrate a. principle. Common marriage law. a marriage in which no formal ceremony took place and no license exists. Government "natural and political law. The manner in which sovereignty is exercised in each state. There are three simple forms of government, the democratic, the aristocratic, and monarchical. But these three simple forms may be varied to infinity by the mixture and divisions of their different powers. Sometimes by the word government is understood the body of men, or the individual in the state, to whom is entrusted the executive power. It is taken in this sense when the government is spoken of in opposition to other bodies in the state. Property Property is commonly thought of as a thing which belongs to someone and over which a person has total control. But, legally, it is more properly defined as a collection of legal rights over a thing. These rights are usually total and fully enforceable by the state or the owner against others. It has been said that "property and law were born and die together. Before laws were made there was no property. Take away laws and property ceases." before laws were written and enforced, property had no relevance. Possession was all that mattered. There are many classifications of property, the most common being between real property or immoveable property (real estate such as land or buildings) and "chattel", or "moveable" (things which are not attached to the land such as a bicycle, a car or a hammer) and between public (property belonging to everybody or to the state) and private property. Blind One who is deprived of the faculty of seeing. Avoid To make empty, put out of the way. To cause to be or become empty; to render useless or void; to make inoperative or of no effect; to nullify. As oppossed to: affirm, confirm. Conflict The opposition or difference between two judicial jurisdictions, when they both claim the right to decide a cause, or where they both declare their incompetency. Interest 1) Estates. The right which a man has in a chattel real, and more particularly in a future term. It is a word of less efficacy and extent than estates, though, in legal understanding, an interest extends to estates, rights and titles which a man has in or out of lands, so that by a grant of his whole interest in land, a reversion as well as the fee simple shall pass. 2) Contracts. The right of property which a man has in a thing, commonly called insurable interest. 3) Evidence. The benefit which a person has in the matter about to be decided and which is in issue between the parties. SIMILAR TERMS-------------------------------------- Blind One who is deprived of the faculty of seeing. PREVIOUS AND NEXT TERMS-------------------------------------- Blanch firmes The same as white rent. Blank bar Pleading. The same with that called a common bar, whicb, in an action of trespass, is put in to oblige the plaintiff to assign the certain' place where the trespass was committed. Blank indorsement Contracts. An indorsement which does not mention the name of the person in whose favor it is made; it is usually made by writing the name of the indorser on the back of the bill. Blasphemy Greek blas phemein', to speak ill or evil of. Denying the being or providence of the Almighty, or contumelious reproaching of Christ; also, profane scoffling at the Holy Scripture, or exposing it to contempt or ridicule. Maliciously reviling God or religion. An offense at common law. The reviling is an offense because it tends to corrupt the morals of the people and to destroy good order. Such offenses have always been considered independent of any religious establishment or the rights of the church. They are treated as affecting Body. Compare Corpus. The physical person. The natural body or such as is formed by the laws of God, as distinguished from an artificial body or such as is devised by human laws. Blind One who is deprived of the faculty of seeing. Blind trust Blood Kindred. 1) This word, in the law sense, is used to signify relationship, stock, or family; as, of the blood of the ancestor. 2) Brothers and sisters are said to be of the whole blood, if they have the same father and mother of the half blood, if they have only one parent in common. Blood test The process by which blood is drawn from a child and its parents and tested to determine biological parentage. it involves genetic hla and dna testing. Blotter Merchant law. A book among merchants, in which entries of sales. This book, containing the original entries, is received in evidence, when supported by the oaths or affirmations of those who keep it. Board This word is used to designate all the magistrates of a city or borough, or all the managers or directors of any institution; as, the board of aldermen; the board of directors of the Bank of North America. The majority of the board have in general the power to perform the acts of the whole board, but sometimes they are restrained by their charters, and it requires a greater number to perform certain acts. Board of civil authority A used in Vermont. This board is composed of the selectmen and justices of the peace of their respective towns. They are authorized to abate taxes, and the like. We thank you for using the Juridical Dictionary to search for Blind trust. If you have a better definition for Blind trust than the one presented here, please let us know by making use of the suggest a term option. This definition of Blind trust may be disputed by other professionals. Our attempt is to provide easy definitions on Blind trust and any other medical topic for the public at large.
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