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| This dictionary contains: 8526 juridical terms |
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Valuation process
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Valuation processA systematic procedure employed to provide the answer to a client's question about real property value.
RELATED TERMS--------------------------------------
Employed
One who is in the service of another. Such a person is entitled to rights and liable to.perform certain duties.
Answer
Practice. The declaration of a fact by a witness after a question has been put asking for it.
Question
1) Punishment, crm. law. A means sometimes employed, in some countries, by means of torture, to compel supposed great criminals to disclose their accomplices, or to acknowledge their crimes. 2) Evidence. An interrogation put to a witness, requesting him to declare the truth of certain facts as far as he knows them. 3) Practice. A point on which the parties are not agreed, and which is submitted to the decision of a judge and jury.
Real
1) A term which is applied to land in its most enlarged signification. Real security, therefore, means the security of mortgages or other incumbrances affecting lands. 2) In the civil law, real has not the same meaning as it has in the common law. There it signifies what relates to a thing, whether it be movable or immovable, lands or goods; thus, a real injury is one which is done to a thing, as a trespass to property, whether it be real or personal in the common law sense. A real statute is one which relates to a thing, in contradistinction to such as relate to a person.
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.
Value
Common law. This term has two different meanings. It sometimes expresses the utility of an object, and some times the power of purchasing other good with it. The first may be called value in use, the latter value in exchange.
SIMILAR TERMS--------------------------------------
Valuable consideration
Contracts. An equivalent for a thing purchased.
Valuation
The act of ascertaining the worth of a thing; or it is the esti-mated worth of a thing
Value
Common law. This term has two different meanings. It sometimes expresses the utility of an object, and some times the power of purchasing other good with it. The first may be called value in use, the latter value in exchange.
Value received
This phrase is usually employed in a bill of exchange or promissory note, to denote that a consideration has been given for it.
Valued bill of lading or ad valorem bill of lading
A valued bill of lading, sometimes called an ad valorem bill of lading, is a bill of lading where the value of the cargo has been declared by the carrier and "inserted in the bill of lading".
Valued policy
A valued policy is one where the value has been set on the ship or goods insured, and this value has been inserted in the policy in the nature of liquidated damages, to save the necessity of proving it in case of loss.
PREVIOUS AND NEXT TERMS--------------------------------------
Vagrant
A tramp or homeless person.
Vagueness
Uncertainty.
Valid
An act, deed, will, and the like, which has received all the formalities required by law, is said to be valid or good in law.
Valuable consideration
Contracts. An equivalent for a thing purchased.
Valuation
The act of ascertaining the worth of a thing; or it is the esti-mated worth of a thing
Valuation process
Value
Common law. This term has two different meanings. It sometimes expresses the utility of an object, and some times the power of purchasing other good with it. The first may be called value in use, the latter value in exchange.
Value received
This phrase is usually employed in a bill of exchange or promissory note, to denote that a consideration has been given for it.
Valued bill of lading or ad valorem bill of lading
A valued bill of lading, sometimes called an ad valorem bill of lading, is a bill of lading where the value of the cargo has been declared by the carrier and "inserted in the bill of lading".
Valued policy
A valued policy is one where the value has been set on the ship or goods insured, and this value has been inserted in the policy in the nature of liquidated damages, to save the necessity of proving it in case of loss.
Vassal
Feudal law. This was the name given to the holder of a fief, bound to perform feudal service; this word was then always correlative to that of lord, entitled to such service.
RELATED TERMS--------------------------------------
Employed
One who is in the service of another. Such a person is entitled to rights and liable to.perform certain duties.
Answer
Practice. The declaration of a fact by a witness after a question has been put asking for it.
Question
1) Punishment, crm. law. A means sometimes employed, in some countries, by means of torture, to compel supposed great criminals to disclose their accomplices, or to acknowledge their crimes. 2) Evidence. An interrogation put to a witness, requesting him to declare the truth of certain facts as far as he knows them. 3) Practice. A point on which the parties are not agreed, and which is submitted to the decision of a judge and jury.
Real
1) A term which is applied to land in its most enlarged signification. Real security, therefore, means the security of mortgages or other incumbrances affecting lands. 2) In the civil law, real has not the same meaning as it has in the common law. There it signifies what relates to a thing, whether it be movable or immovable, lands or goods; thus, a real injury is one which is done to a thing, as a trespass to property, whether it be real or personal in the common law sense. A real statute is one which relates to a thing, in contradistinction to such as relate to a person.
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.
Value
Common law. This term has two different meanings. It sometimes expresses the utility of an object, and some times the power of purchasing other good with it. The first may be called value in use, the latter value in exchange.
SIMILAR TERMS--------------------------------------
Valuable consideration
Contracts. An equivalent for a thing purchased.
Valuation
The act of ascertaining the worth of a thing; or it is the esti-mated worth of a thing
Value
Common law. This term has two different meanings. It sometimes expresses the utility of an object, and some times the power of purchasing other good with it. The first may be called value in use, the latter value in exchange.
Value received
This phrase is usually employed in a bill of exchange or promissory note, to denote that a consideration has been given for it.
Valued bill of lading or ad valorem bill of lading
A valued bill of lading, sometimes called an ad valorem bill of lading, is a bill of lading where the value of the cargo has been declared by the carrier and "inserted in the bill of lading".
Valued policy
A valued policy is one where the value has been set on the ship or goods insured, and this value has been inserted in the policy in the nature of liquidated damages, to save the necessity of proving it in case of loss.
PREVIOUS AND NEXT TERMS--------------------------------------
Vagrant
A tramp or homeless person.
Vagueness
Uncertainty.
Valid
An act, deed, will, and the like, which has received all the formalities required by law, is said to be valid or good in law.
Valuable consideration
Contracts. An equivalent for a thing purchased.
Valuation
The act of ascertaining the worth of a thing; or it is the esti-mated worth of a thing
Valuation process
Value
Common law. This term has two different meanings. It sometimes expresses the utility of an object, and some times the power of purchasing other good with it. The first may be called value in use, the latter value in exchange.
Value received
This phrase is usually employed in a bill of exchange or promissory note, to denote that a consideration has been given for it.
Valued bill of lading or ad valorem bill of lading
A valued bill of lading, sometimes called an ad valorem bill of lading, is a bill of lading where the value of the cargo has been declared by the carrier and "inserted in the bill of lading".
Valued policy
A valued policy is one where the value has been set on the ship or goods insured, and this value has been inserted in the policy in the nature of liquidated damages, to save the necessity of proving it in case of loss.
Vassal
Feudal law. This was the name given to the holder of a fief, bound to perform feudal service; this word was then always correlative to that of lord, entitled to such service.
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This dictionary contains 8526 terms.
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