DEED BOX

deed box.Archaic. A box in which  deeds of land title are traditionally  kept. • Such a box is considered an heirloom in the strict sense. See HEIRLOOM(1). [Blacks Law 8th]

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DEED

deed,n.1. Something that is done or carried out; an act or action. 2. A written instrument by which  land  is  conveyed.  3.  At  common  law,  any  written  instrument  that  is  signed,  sealed,  and delivered and that conveys some interest in property. — Also termed (in senses 2 & 3) evidence of title.  See  contract  under …

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DE EA RE ITA CENSUERE

de  ea  re  ita  censuere  (dee  ee-<<schwa>>  ree  I-t<<schwa>>  sen-s[y]oo-<<schwa>>-ree). [Latin] Concerning that matter they have so decreed. • This phrase was used to record decrees of the Roman senate. — Abbr. d.e.r.i.c. [Blacks Law 8th]

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DEDUCTIS DEBITIS

deductis  debitis  (di-d<<schwa>>k-tis  deb-i-tis).  [Latin]  Hist.  The  debts  being  deducted.  • Before an estate could be ascertained, the debts had to be deducted. [Blacks Law 8th]

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DEDUCTION

deduction,n.1. The act or process of subtracting or taking away. 2.Tax. An amount subtracted from gross income when calculating adjusted gross income, or from adjusted gross income when calculating taxable income. — Also termed tax deduction. Cf. EXEMPTION(3); TAX CREDIT. [Cases:  Internal  Revenue    3270–3516; Taxation    1031.1–1046.  C.J.S.  Internal  Revenue  §§  33, 55,  58,  63,  140, …

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