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Indenture
IndentureConveyancing. An instrument of writing containing a conveyance or contract between two or more persons, usually indented or cut unevenly, or in and out, on the top or, side. RELATED TERMS-------------------------------------- Instrument Contracts. The writing which contains some agreement, and is so called because it has been prepared as a memorial of what has taken place or been agreed upon. Writing The act of forming by the hand letters or characters of a particular kind on paper or other suitable substance, and artfully putting them together so as to co nvey ideas. It differs from printing, which is the formation of words on paper or other proper substance by means of a stamp. Sometimes by writing ii understood printing, and sometimes printing and writing mixed. Conveyance A written document which transfers property from one person to another. In real-estate law, the conveyance usually refers to the actual document which transfers ownership, between persons living (i.e. other than by will), or which charges the land with another's interest, such as a mortgage. Contract A negotiated oral or written agreement setting forth the terms for an exchange of value between parties (which may be individuals or companies) and under which each party promises to perform an obligation. Certain terms, such as the obligations to be performed and the terms for setting price or compensation must be mutually understood, known in legal lingo as a "meeting of the minds," and promised to by the parties to form a legal contract. SIMILAR TERMS-------------------------------------- Indebitatus assumpsit Remedies, pleadings. That species of action of assumpsit, in which the plaintiff alleges in his declaration, first a debt, and then a promise in consideration of the debt, that the defendant, being indebted, he promised the plaintiff to pay him. Indebiti solutio Civil law. The payment to one of what is not due to him. Indebtedness The state, of being in debt, without regard to the ability or inability of the party to pay the same. Indecency An act against good behaviour and a just delicacy. The law, in general, will repress indecency as being contrary to good morals, but, when the public good requires it, the mere indecency of disclosures does not suffice to exclude them from being given in evidence. Indefeasible That which cannot be defeated or undone. This epithet is usually applied to an estate or right which cannot be defeated. Indefensus One sued or impleaded, who refuses or has nothing to answer. Indefinite That which is undefined; uncertain. Indefinite failure of issue Executory devise. A general failure of issue, whenever it may happen, without fixing a time, or certain or definite period, within which it must take place. The issue of the first taker must be extinct, and the issue of the issue ad infinitum, without regard to the time or any particular event. Indefinite legacy A request of things which are not enumerated or ascertained as to numbers or quantities; as, a bequest by a testator of all his goods, all his stocks in the funds. Indefinite payment Contracts. That which a debtor who owes several debts to a creditor, makes without making an appropriation; in that case the creditor has a right to make such appropriation. Indefinite, number A number which may be increased or diminished at pleasure. Indemnification-hold harmless clause A term providing for the obligation by one party in a contract to defend another party against a stated loss or liability covered by the contract, such as copyright infringement or defamation. Indemnity That which is given to a person to prevent his suffering damage. Sometimes it signifies diminution; a tenant who has been interrupted in the enjoyment of his lease may require an indemnity from the lessor, that is, a reduction of his rent. Indemnity policy A liability insurance policy that provides protection from claims arising from injury or damage to other people or their property. An indemnity policy is less adapted to direct action than a liability policy because it requires that the insured have already paid the claim (“pay first” or “pay to be paid”), before the insurer is obliged to indemnify the insured. Independence A state of perfect irresponsibility to any superior. Independent contract One in which the mutual acts or promises have no relation to each other, either as equivalents or considerations. Independent contractor A self-employed person who contracts with others to perform a service. Contractors are not "employees" under federal and state law and are not guaranteed the same benefits given to regular, or employees. Independent executor A special kind of executor, permitted by the laws of certain states, who performs the duties of an executor without intervention by the court. Indeterminate That which is uncertain or not particularly designated. Indeterminate sentence A sentence of imprisonment to a specified minimum and maximum period of time, specifically authorized by statute, subject to termination by a parole board or other authorized agency after the prisoner has served the minimum term. Indeterminate sentencing In most US states, convicted offenders (with few exceptions) are given a minimum and a maximum portion to their sentences. The maximum is usually determined by law, and the minimum is set by a judge with the legal restriction that it is not to exceed two-thirds of the maximum. The Parole Board has jurisdiction over the prisoner when he or she has served the minimum portion of the sentence. PREVIOUS AND NEXT TERMS-------------------------------------- Indefinite payment Contracts. That which a debtor who owes several debts to a creditor, makes without making an appropriation; in that case the creditor has a right to make such appropriation. Indefinite, number A number which may be increased or diminished at pleasure. Indemnification-hold harmless clause A term providing for the obligation by one party in a contract to defend another party against a stated loss or liability covered by the contract, such as copyright infringement or defamation. Indemnity That which is given to a person to prevent his suffering damage. Sometimes it signifies diminution; a tenant who has been interrupted in the enjoyment of his lease may require an indemnity from the lessor, that is, a reduction of his rent. Indemnity policy A liability insurance policy that provides protection from claims arising from injury or damage to other people or their property. An indemnity policy is less adapted to direct action than a liability policy because it requires that the insured have already paid the claim (“pay first” or “pay to be paid”), before the insurer is obliged to indemnify the insured. Indenture Independence A state of perfect irresponsibility to any superior. Independent contract One in which the mutual acts or promises have no relation to each other, either as equivalents or considerations. Independent contractor A self-employed person who contracts with others to perform a service. Contractors are not "employees" under federal and state law and are not guaranteed the same benefits given to regular, or employees. Independent executor A special kind of executor, permitted by the laws of certain states, who performs the duties of an executor without intervention by the court. Indeterminate That which is uncertain or not particularly designated. We thank you for using the Juridical Dictionary to search for Indenture. 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