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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.

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VALID
Of binding force. A deed, will, or other instrument, which has received all the formalities required by law, is said to be valid

Of binding force. A deed, will, or other instrument, which has received all the formalities required by law, is said to be valid Less...
VALIDITY
This term is used to signify legal sufficiency, in contradistinction to mere regularity. "An official sale, an order, judgment, or decree may be regular,—the whole practice in reference to its entry may be cor-rect,—but still Invalid, for reasons going be-hind the regularity of its forms." Sharpleigh v. Surdam, 1 Flip. More...

This term is used to signify legal sufficiency, in contradistinction to mere regularity. "An official sale, an order, judgment, or decree may be regular,—the whole practice in reference to its entry may be cor-rect,—but still Invalid, for reasons going be-hind the regularity of its forms." Sharpleigh v. Surdam, 1 Flip. 487, Fed. Cas. No. 12,711. Less...
VALOR BENEFICIORUM
L. Lat The value of every ecclesiastical benefice and preferment, according to which the first fruits and tenths are collected and paid It is commonly called the "king's hooks," by which the clergy are at present rated; 2 Steph. Comm. 533; Wharton.

L. Lat The value of every ecclesiastical benefice and preferment, according to which the first fruits and tenths are collected and paid It is commonly called the "king's hooks," by which the clergy are at present rated; 2 Steph. Comm. 533; Wharton. Less...
VALOR MARITAGII
Lat Value of the marriage. In feudal law, the guardian in chivalry had the right of tendering to his infant ward a suitable match, without "dis-paragement," (inequality,) which, if the in-fants refused, they forfeited the value of the marriage (valor maritagii) to their guardian; that is, so much as a More...

Lat Value of the marriage. In feudal law, the guardian in chivalry had the right of tendering to his infant ward a suitable match, without "dis-paragement," (inequality,) which, if the in-fants refused, they forfeited the value of the marriage (valor maritagii) to their guardian; that is, so much as a jury would assess, or any one would bona fide give, to the guardian for such an alliance. 2 Bl. Comm. 70; Litt 5110. A writ which lay against the ward, on coming of full age, for that he was not mar-ried, by his guardian, for the value of the marriage, and this though no convenient marriage had been offered Termes de la Ley. Less...
VALUABLE CONSIDERATION
The distinction between a good and a valuable consideration is that the former consists of blood, or of natural love and affection; as when a man grants an estate to a near rela-tion from motives of generosity, prudence, and natural duty; and the latter consists of such a consideration as More...

The distinction between a good and a valuable consideration is that the former consists of blood, or of natural love and affection; as when a man grants an estate to a near rela-tion from motives of generosity, prudence, and natural duty; and the latter consists of such a consideration as money, marriage which is to follow, or the like, which the law esteems an equivalent given for the grant 2 Bl. Comm. 297. A valuable consideration is a thing of value parted with, or a new obligation assumed, at the time of obtaining a thing, which is a sub-stantial compensation for that which is ob-tained thereby. It is also called simply "value." Civ. Code Dak. | 212L Less...
VALUATION
The act of ascertaining the worth of a thing. The estimated worth of a thing. See Lowenstein v. Schiffer, 38 App. Div. 178, 56 N. Y. Supp. 674; State v. Central Pac. R. Co., 7 Nev. 104; Sergeant v. Dwyer, 44 Minn. 300, 46 N. W. 444.

The act of ascertaining the worth of a thing. The estimated worth of a thing. See Lowenstein v. Schiffer, 38 App. Div. 178, 56 N. Y. Supp. 674; State v. Central Pac. R. Co., 7 Nev. 104; Sergeant v. Dwyer, 44 Minn. 300, 46 N. W. 444. Less...
VALUATION LIST
In English law. A list of all the ratable hereditaments in a parish, showing the names of the occupier, the owner, the property, the extent of the property, the gross estimated rental, and the ratable value; prepared by the overseers of each- parish in a union under section 14 of More...

In English law. A list of all the ratable hereditaments in a parish, showing the names of the occupier, the owner, the property, the extent of the property, the gross estimated rental, and the ratable value; prepared by the overseers of each- parish in a union under section 14 of the union assessment committee act, 1862, (St. 25 A 26 Vict c 103,) for the purposes of the poor rate. Wharton. Less...
VALUE
The utility of an object in satisfying, directly or indirectly, the needs or desires of human beings, called by economists "value In use;" or its worth consisting in the power1 of purchasing other objects, called •*value In exchange." Also the estimated or appraised worth of any object of property, calculated More...

The utility of an object in satisfying, directly or indirectly, the needs or desires of human beings, called by economists "value In use;" or its worth consisting in the power1 of purchasing other objects, called •*value In exchange." Also the estimated or appraised worth of any object of property, calculated in money. The term is also often used as an abbreviation for "valuable consideration," especially ill the phrases "purchaser for value," "holder for value," etc. —Value received. A phrase usually employ¬d in a bill of exchange or promissory note, to denote that a consideration has been given for it. Less...
VALUED POLICY
A policy is called "valued," when the parties, having agreed upon the value of the interest insured, in order to save the necessity of further proof have inserted the valuation in the policy, in the nature of liquidated damages. 1 Duer, Ins. 97.

A policy is called "valued," when the parties, having agreed upon the value of the interest insured, in order to save the necessity of further proof have inserted the valuation in the policy, in the nature of liquidated damages. 1 Duer, Ins. 97. Less...
VALUER
A person whose business is to appraise or set a value upon property.

A person whose business is to appraise or set a value upon property. Less...

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