Posts by admin
DERELICT-OFFICIAL ACT
derelict-official act.A statute that mandates forfeiture of office if the holder willfully neglects or fraudulently fails to perform official duties. [Blacks Law 8th]
Read MoreDERELICTION
dereliction (der-<<schwa>>-lik-sh<<schwa>>n), n.1. Abandonment, esp. through neglect or moral wrong. dereliction in the performance of duties.Military law. Willful or negligent failure to perform assigned duties; culpable inefficiency in performing assigned duties. [Cases: Military Justice 687. C.J.S. Military Justice § 68.] 2. An increase of land caused by the receding of a sea, river, or stream …
Read MoreDERELICT
derelict (der-<<schwa>>-likt), adj.1. Forsaken; abandoned; cast away <derelict property>. See quasi-derelict under DERELICT. 2. Lacking a sense of duty; in breach of a legal or moral obligation <the managers were derelict in their duties>. derelict,n.1. Personal property abandoned or thrown away by the owner with no intent to claim it any longer, such as a…
Read MoreDE REI GESTAE VERITATE
de rei gestae veritate (dee ree-Ijes-tee ver-i-tay-tee). [Law Latin] Scots law. Of the truth of the thing done. • A witness to a deed that had been lost could testify to the deed’s existence and to the truthfulness of the statements contained in it. [Blacks Law 8th]
Read MoreDEREGULATION CLAUSE
deregulation clause.Oil & gas. A gas-contract provision specifying how the price of gas will be calculated and what the buyer’s and seller’s obligations will be if regulated natural gas becomes deregulated.[Blacks Law 8th]
Read MoreDEREGULATION
deregulation,n. The reduction or elimination of governmental control of business, esp. to permit free markets and competition. — deregulate,vb. financial deregulation.The lessening of governmental oversight and intervention in the business of financial institutions. • Among other effects, regulation of financial contracts is relaxed and competition for depositors and borrowers increases. [Blacks Law 8th]
Read MoreDEREGISTRATION
deregistration,n. The point at which an issuer’s registration under § 12 of the Securities Exchange Act of 1934 is no longer required because of a decline in the number of holders of the issuer’s securities. 15 USCA § 78l. Cf. DELISTING. [Cases: Securities Regulation 35.22. C.J.S. Securities Regulation §§ 112–114.] — deregister,vb. [Blacks Law 8th]
Read MoreDE REDISSEISINA
de redisseisina (dee ree-dis-see-zin-<<schwa>>), n.[Law Latin “of redisseisin”] Hist. A writ for recovery of land or rent by a person who had previously recovered the land or rent by an assize of novel disseisin, but who was again disseised by the same disseisor. • This writ is similar to de post disseisina. See DE POST…
Read MoreDE RECTO PATENS
de recto patens (dee rek-toh pay-tenz), n.[Law Latin “of right patent”] Hist. The highest writ of right under the law given to an owner in fee simple to recover the possession and use of land from the freehold tenant. — Also termed breve magnum de recto. [Blacks Law 8th]
Read MoreDE RECTO DE RATIONABILI PARTE
de recto de rationabili parte (dee rek-toh dee rash-[ee]-<<schwa>>-nay-b<< schwa>>-lIpahr-tee), n.[Law Latin “of right of reasonable part”] Hist. A writ allowing one coparcener or blood relative owning land in fee simple to obtain a rightful share from the other. • It was abolished by St. 3 & 4 Will. 4, ch. 27. [Blacks Law 8th]
Read More