The Elk County advocate. [volume] (Ridgway, Pa.) 1868-1883, 1878-05-09
A USEFUL GLOSSARY.
Technical Words and Phrases Used in Law
and Business, with Their Meaning.

ADMINISTRATION. One who manages
or settles the estate of an intestate.
APPRECIATE. A rise in price.
ARBITRATION. The hearing and de-
termination Of causes between parties in
controversy by a person or persons
chosen by the parties.
ASSIGNMENT. The transfer of proper-
ty to assignees for the benefit of credi-
tors.
ATTACHMENT. A seizure of goods or
property by virtue of legal process.
BEARS. Those who scheme to depress
or bear down prices.
BEoUEsT. Something left by will:
appropriately real estate.
Bill OF EXCHANGE. A written order
from one person to another to pay
money to third person.
BOND. A sealed instrument by which
q corporation or person binds itself or
himself and its or his heirs or assigns to
pay sum of money on the day or days
specified.
BoNDsMAN. One who gives security
for another.
BULLS. In stock gambling, those
who scheme to raise:prices.
good by the bank on which it is drawn.
CHArrELs. Every kind of property
except real estate.
CHECK. An order on a bank for
money.
OoLLATERALs. Bonds or other valua-
bles left with the loaner of money for
security.
CoNsERvAroR. One who protects an
incapable.
COUPON. An interest certificate at
tached to bond, to be cut off when
| due.
DEED. A sealed instrument in writ
ing transferring property.
DEMoNETIzE. To take from coin by
Legislation its legal-tender quality or
function.
Deposit. A sum of money left with a
bank or banker subject to order.
DEVISE. To give real estate by will.
DISCOUNT. Interest paid in advance
of use.
DRAFT. A written order by one man
upon another, or upon bank.
| EXCHANGE. The cost charged for
paying money in some other place.
EXECUTOR The person appointed by
testator to execute his will after his
decease.
FAoToRIzE-GARN1sH When B has
money or chattel property of A in his
possession, @, a creditor of A, serves a
legal warning on B not to allow the
property to pass from his hands.
FEE. Property.
FEE-SIMPLE. A title to property with
out condition or limits.
| Er IL, so11
at price which covers accrued interest
they are sold, in brokers' phrase fat
FORECLOSURE. Deprivation of the
right of redeeming mortgagod estate.
FORGE. To make falsely. Most fire.
quently by signing another's name on a
note or document.
FREEHOLD. A life estate in real prop
erty or in fee.
GRACE. The three days allowed be-
yond the time specified for the payment
of q note.
GUARANTEE. An engagement that
another shall perform when he has
stipulated.
GUARDIAN. One who has the care oi
another, especially of children.
ENDORSEMENT. A name written on the
back of note.
INSURANCE POLICY. A certificate oi
insurance.
INTEREST. What is paid for the use
of money after use.
INTERSTATE. Without will.
LEASE. A contract for letting prop
erty for limited time.
LEGACY. A gift by will of personal
property.
LESSEE. One who receives a lease.
LESSOR. One who gives lease.
LIEN. A legal claim on property tc
secure debt.
MORTGAGE. A pledge of property tc
secure debt.
MoRTeAeEE. One who takes mort
gage.
MoRTeAeER. One who pledges prop,
erty for adebt.
NOTARY. A public officer who attest'
deeds and other writings.
NOTE. A written, unconditional prom
Use to pay money.
ORDER. A direction in writing fol
the obtainment of goods or money.
PATRIMoNY-INHERITANcE. An estate
derived from ones ancestors.
PERSONAL ESTATE OR PROPERTY. Nov
ables, chattels.
Power OF ATTORNEY. Authority givel
by one person to another to transac
business in his name.
PROBATE COURT. A court for the pro
bate or proving of wills.
PROTEST. A written declaration by
a notary public to all parties concerned
of the non-payment of note or draft.
QUIToLAIM. A deed of release or relin
uuishment of a claim,
REAL ESTATE. Immovable property
as lands and tenements.
RECEIPT. A written acknowledgment
of gools or money received.
RED TAPE. Pertaining to official for
malities, especially in law.
REMoNETIzE. To restore to coin it
former legal-tender function.
SCALING. The term has new mean
ing, and signifies the reduction of
debt without a corresponding payment
STOCKS. The capital of bank or othe
company in the form of transferabl
shares.
Stock CERTIFICATE. Shows how man,
shares one has standing in his name ol
the company's books.
SUE. To prosecute in law; to max
legal claim.
TAXES. A levy made upon propert,,
for the support of the government.
TEsTAToR-TEsTATRIx. A man or wo
man whe leaves will at death.
TRUSTEE. One to whom property /
intrusted.
UsURY. The excess of interest take
above the rate fixed by law.
WAIVER, The REIMBURSEMENT of