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.

    A public officer or employe. An officer of a private corporation is also sometimes so called.
    Lat. Having fulfilled the function, discharged the office, or accomplished the purpose, and therefore of no further force or authority. Applied to an officer whose term has expired, and who has consequently no further official authority; and also to an instrument power, agency, etc., which has fulfilled the purpose of More...
  • FUND
    v. To capitalize with a view to the production of interest Stephen v. Mil-nor, 24 N. J. Eq, 376. Also, to put into the form of bonds, stocks, or other securities, bearing regular interest and to provide or appropriate a fund or permanent revenue for the payment thereof. Merrill v. More...
  • FUND
    n. A sum of money set apart for a specific purpose, or available for the payment of debts or claims. In its narrower and more usual sense, "fund" signifies "capital," as opposed to "interest" or "income;" as where we speak of a corporation funding the arrears of interest due on More...
    See ERROR.
    The law which determines the constitution of government in a state, and prescribes, and regulates the manner of its exercise; the organic law of a state; the constitution.
    We found. One of the words by which a corporation may be created in England. 1 Bl. Comm. 473 ; 3 Steph. Comm. 173.
    Lat. A founding or foundation. Particularly applied to the creation and endowment of corporations. As applied to eleemosynary corporations such as colleges and hospitals, it is said that "fundatio incipient" is the incorporation or grant of corporate powers, while "fundatio perficiens," is the endowment or grant or gift of funds More...
    A founder, (q. v.)
    Lands of inheritance.
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