Category: O

a term used for the court decision that is against the defendant and orders him to abandon property he is occupying wrongly.

L. Fr. Literally, out of the hand. 1. A delivery of lands out of the king’s hands by judgment given in favor of the pe- titioner in a monstrans de droit. 2. A delivery of the ward’s lands out of the hands of the guardian, on the former ar- riving at the proper age, which was twenty- one iu males, and sixteen in females. Abol- ished by 12 Car. II. c. 24. Mozley & Whitley.

L. Fr. Beyond the sea; a cause of excuse if a person, being summoned, did not appear in court. Cowell.

A record of a company?s debt obligations.

Insanity is a manifestation of disease of the brain, characterized by a general or partial derangement of oue or more faculties of the mind, and in which, while consciousness is not abolished, mental freedom is perverted, weakened, or destroyed. Hammond, Nervous System, 332. The prolonged departure, without any adequate cause, from the states of feeling and modes of thinking usual to the individual in health. Bouvier. By insanity is not meant (in law) a total deprivation of reason, but only an inability, from defect of perception, memory, and judgment, to do the act in question, [with an intelligent apprehension of its nature and consequences.] So, by a lucid interval is not meant a perfect restoration to reason. but a restoration so far as to be able, beyond doubt, to comprehend and to do the act with such reason, memory, and judgment as to make it a legal act. Frazer v. Frazer, 2 Del. Ch. 203.

This income is obtained by transactions outside of day-to-day business operations.

This condition is found in almost all insurance policies (except life insurance). It stipulates that, if multiple policies apply to a given risk, any associated losses will be paid from all relevant policies, based on the value of each policy.

Term used in auto insurance to cover a family member who is not the holder of the insurance.

Classification term that applies to small liabilities, or interest-free liabilities that are payable for a period of more than one year.

A record of a company?s debt obligations that don?t pay out interest on the loan?s principal amount.