Legal Term Dictionary

Search our free database of thousands of legal terms. The easiest-to-read, most user-friendly guide to legal terms.This dictionary is from the early 20th century and is not to be construed as legal advice.

Search
  • OMNIUM
    In mercantile law. A term used to express the aggregate value of the different stock in which a loan is usually funded. Tomlins. Omnium contributione sarciatur quod pro omnibus datum est. 4 Blng. 12L That which is given for all is recompensed by the contribution of all. A principle of More...
  • ON ACCOUNT
    In part payment; In partial satisfaction of an account The phrase Is usually contrasted with "in full."
  • ON ACCOUNT OF WHOM IT MAY CONCERN
    When a policy of insurance expresses that the insurance is made "on account of whom it may concern," it will coyer all persons having an insurable interest in the subject-matter at the date of the policy and who were then contemplated by the party procuring the Insurance. 2 Pars. Mar. More...
  • ON CALL
    There is no legal difference between an obligation payable "when demanded" or "on demand" and one payable "on call" or "at any time called for." In each case the debt Is payable Immediately. Bowman v. McChesney, 22 Grat (Va.) 609.
  • ON CONDITION
    These words may be construed to mean "on the terms," in order to effectuate the intention of parties. Mea-nor v. McKowan, 4 Watts A S. (Pa.) 302.
  • ON DEFAULT
    In case of default; upon failure of stipulated action or performance; upon the occurrence of a failure, omission, oor neglect of duty.
  • ON DEMAND
    A promissory note payable "on demand" is a present debt, and Is payable without any demand. Young v. Weston, 39 Me. 492; Appeal of Andreas, 99 Pa . 421.
  • ON FILE
    Filed; entered or placed upon the files; existing and remaining upon or among the proper files. Slosson v. Hall, 17 Minn. 95 (Gil. 71); Snider v. Methvin, 60 Tex. 487.
  • ON OR ABOUT
    A phrase used in reciting the date of an occurrence or conveyance, to escape the necessity of being bound by the statement of an exact date.
  • ON OR BEFORE
    These words, inserted in a stipulation to do an act or pay money, entitle the party stipulating to perform at any time before the day; and upon performance, or tender and refusal, he is immediately vested with all the rights which would have attached if performance were made on the More...
Showing 9990 of 14636