Term in United States
Term Definition
In Construction. Word; expression; speech. Terms are words or characters by which we announce our sentiments, and make known to others things with which we are acquainted. These must be properly construed or interpreted in order to under stand the parties using them. In Contracts. The space of time granted to a debtor for discharging his obligation. These are express terms, resulting from the positive stipulations of the agreement, as, where one undertakes to pay a certain sum on a certain day, and also terms which tacitly result from the nature of the things which are the object of the engagement, or from the place where the act is agreed to be done. For instance, if a builder engage to construct a house for me, I must allow a reasonable time for fulfilling his engagement. 1 Wis. 314. In Estates. The limitation of an estate; as, a term for years, for life, and the like. The word “term” does not merely signify the time specified in the lease, but the estate, also, and interest that passes by that lease, and therefore the term may expire during the continuance of the time; as, by surrender, forfeiture, and the like. 2 Bl. Comm. 145; 8 Pick. (Mass.) 339. Of Court. The space of time during which a court holds a session. The stated periods during which courts sit for the dispatch of business. Sometimes the term is a monthly, at others it is a quarterly, period, according to the constitution of the court.
Term in Foreign Legal Encyclopedias
| Link | Description |
|---|---|
| Term | Term in the World Legal Encyclopedia. |
| Term | Term in the European Legal Encyclopedia. |
| Term | Term in the Asian Legal Encyclopedia. |
| Term | Term in the UK Legal Encyclopedia. |
| Term | Term in the Australian Legal Encyclopedia. |
For starting research in the law of a foreign country:
Browse the American Encyclopedia of Law for Term
Scan Term in the appropriate area of law:
| Link | Description |
|---|---|
| Term | Term in the Family Law Portal of the American Encyclopedia of Law. |
| Term | Term in the IP Portal of the American Encyclopedia of Law. |
| Term | Term in the Commercial Law Portal of the American Encyclopedia of Law. |
| Term | Term in the Criminal Law Portal of the American Encyclopedia of Law. |
| Term | Term in the Antritrust Portal of the American Encyclopedia of Law. |
| Term | Term in the Bankruptcy Law Portal of the American Encyclopedia of Law. |
| Term | Term in the Constitutional Law Portal of the American Encyclopedia of Law. |
| Term | Term in the Tax Law Portal of the American Encyclopedia of Law. |
| Term | Term in the and Finance and Banking Portal of the American Encyclopedia of Law. |
| Term | Term in the Employment and Labor Portal of the American Encyclopedia of Law. |
| Term | Term in the Personal Injury and Tort Portal of the American Encyclopedia of Law. |
| Term | Term in the Environmental Law Portal of the American Encyclopedia of Law. |
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Legal Issue for Attorneys
In Construction. Word; expression; speech. Terms are words or characters by which we announce our sentiments, and make known to others things with which we are acquainted. These must be properly construed or interpreted in order to under stand the parties using them. In Contracts. The space of time granted to a debtor for discharging his obligation. These are express terms, resulting from the positive stipulations of the agreement, as, where one undertakes to pay a certain sum on a certain day, and also terms which tacitly result from the nature of the things which are the object of the engagement, or from the place where the act is agreed to be done. For instance, if a builder engage to construct a house for me, I must allow a reasonable time for fulfilling his engagement. 1 Wis. 314. In Estates. The limitation of an estate; as, a term for years, for life, and the like. The word “term” does not merely signify the time specified in the lease, but the estate, also, and interest that passes by that lease, and therefore the term may expire during the continuance of the time; as, by surrender, forfeiture, and the like. 2 Bl. Comm. 145; 8 Pick. (Mass.) 339. Of Court. The space of time during which a court holds a session. The stated periods during which courts sit for the dispatch of business. Sometimes the term is a monthly, at others it is a quarterly, period, according to the constitution of the court.
Notice
This definition of Term is based on The Cyclopedic Law Dictionary. This entry needs to be proofread.
Term in Mortgage Law
In the field of mortgage refinancing, a concept of Term may be the following: The period from the time that a loan is made until it is fully paid.
Term in Mortgage Law
In the field of mortgage refinancing, a concept of Term may be the following: The period from the time that a loan is made until it is fully paid.