Law Dictionary Definitions
ALLOTMENT NOTE
allotment note.English law. A seaman’s written assignment of a portion of his wages to a wife, parent, grand-parent, or sibling. • These notes are governed by the Merchant Shipping Act of 1970, § 13(1). [Blacks Law 8th]
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allotment certificate.Securities. A document that records the essential elements of a subscription of shares, as how many shares are to be purchased, the price to be paid, and the payment and delivery schedule. [Blacks Law 8th]
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allotment,n.1. A share or portion of something, such as property previously held in common or shares in a cor-poration, or time assigned to speakers or sides in a deliberative assembly. [Cases: Common Lands 14. C.J.S. Common Lands §§ 17–19.] 2. In American Indian law, the selection of specific land awarded to an individual allottee from…
Read MoreALL-OR-NOTHING RULE
all-or-nothing rule.A gloss on the rule against perpetuities holding that a class gift is invalid in its entirety if it is invalid in part. • The effect is to invalidate a class member’s interest even if it vests within the period of the rule because it may be subject to partial divestment by the remote…
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all-or-none order.See ORDER(8). [Blacks Law 8th]
Read MoreALL-OR-NONE OFFERING
all-or-none offering.See OFFERING. [Blacks Law 8th]
Read MoreALLONGE
allonge (a-lawnzh). A slip of paper sometimes attached to a negotiable instrument for the purpose of receiving further indorsements when the original paper is filled with indorsements. • Former UCC § 3-202 required that indorsements be made on the instrument unless there was no space — and only then could an allonge be used. Current…
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allograph (al-<<schwa>>-graf). An agent’s writing or signature for the principal. • This is the antonym of auto-graph. [Cases: Principal and Agent 132(1).] [Blacks Law 8th]
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allogatur. See ALLOCATUR. [Blacks Law 8th]
Read MoreALLODIUM
allodium (<<schwa>>-loh-dee-<<schwa>>m), n. An estate held in fee simple absolute. — Also spelled alodium. — Also termed alod; alode. [Cases: Estates in Property 5. C.J.S. Estates §§ 11–12.] “In this country, one who has full ownership of land is said to own it allodially — that is, free of feudal services and incidents.” Thomas F.…
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