FEE-SPLITTING

fee-splitting. 1. The division of attorney’s fees between two or more lawyers, esp. between the lawyer who handled a matter and the lawyer who referred the matter. • Some states consider this practice unethical. 2. The division of attorney’s fees between two or more lawyers who represent a client jointly but are not in the…

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FEE SIMPLE

fee simple.An interest in land that, being the broadest property interest allowed by law, endures until the current holder dies without heirs; esp., a fee simple absolute. — Often shortened to fee. — Also termed estate in fee simple; tenancy in fee; exclusive ownership; fee-simple title; feudum simplex. [Cases: Estates in Property 5–7. C.J.S. Estates…

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FEEMAIL

feemail (fee-mayl).Slang. 1. An attorney’s fee extorted by intimidation, threats, or pressure. 2. The act or process of extorting such a fee. Cf. BLACKMAIL(1); GRAYMAIL; GREENMAIL(1), (2).[Blacks Law 8th]

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FEE INTEREST

fee interest. 1.FEE(2).2.FEE SIMPLE. 3.FEE TAIL. 4.Oil & gas. Ownership of both the surface interest and the mineral interest.[Blacks Law 8th]

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FEE-FARM RENT

fee-farm rent. 1. The rent reserved, usu. one-fourth or one-third of the land’s value, on granting a fee farm. 2. A rent charge issuing out of a fee estate. 3. A perpetual rent on a conveyance in fee simple.[Blacks Law 8th]

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FEE FARM

fee farm.Hist. A species of tenure in which land is held in perpetuity at a yearly rent (fee-farm rent), without fealty, homage, or other services than those in the feoffment. — Also termed feodi firma; firma feodi. See EMPHYTEUSIS. “Now to all appearance the term socage, a term not found in Normandy, has been extending…

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FEEDER ORGANIZATION

feeder organization.Tax. An entity that conducts a business or trade for the benefit of a tax-exempt organization. • The feeder organization is not tax-exempt. IRC (26 USCA) § 502. [Cases: Internal Revenue 4067.C.J.S. Internal Revenue § 466.][Blacks Law 8th]

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