Law Dictionary Definitions

taxable year.See tax year under YEAR. [Blacks Law 8th]

failing-company doctrine.Antitrust. The rule that allows an otherwise proscribed merger or acquisition between competitors when one is bankrupt or near failure. 15 USCA §§ 12–27. — Also termed failing-firm defense. [Cases: Monopolies 20(1). C.J.S. Monopolies §§ 106–111, 115–116, 125.] “The 1992 guidelines provide a limited defense for failing firms and failing divisions of firms. The…

failing circumstances.See INSOLVENCY.[Blacks Law 8th]

failed legacy.See lapsed legacy under LEGACY[Blacks Law 8th]

failed gift.1. See lapsed devise under DEVISE. 2. See lapsed legacy under LEGACY.[Blacks Law 8th]

failed devise.See lapsed devise under DEVISE.[Blacks Law 8th]

fail,n. A transaction between securities brokers in which delivery and payment do not occur at the prescribed time, usu. on the settlement date. — Also termed fail contract. fail to deliver.The nondelivery of securities from a selling broker to a buying broker by the settlement date. fail to receive.The failure of a buying broker to…

faggot.Hist. 1. A piece of firewood used to burn a heretic alive. 2. An embroidered figure of a faggot, required to be worn by heretics who had recanted.[Blacks Law 8th]

faeder-feoh (fah-th<<schwa>>r-fee).Hist. Property brought by a wife to her husband at marriage. • If the husband died, the property reverted to the widow if the heir of the deceased husband refused consent to her second marriage. The property reverted to the widow’s family if she returned to them.[Blacks Law 8th]

faderfium (fah-th<<schwa>>r-fee-<<schwa>>m).Hist. A marriage gift to the bride from her father or brother.[Blacks Law 8th]