gap in law
71separation — sep·a·ra·tion /ˌse pə rā shən/ n 1: cessation of cohabitation between a married couple by mutual agreement with intent that it be permanent; also: legal separation compare divorce ◇ In some cases in which the estrangement is extreme, a separation …
72rent — 1 n 1 a: a return made by a tenant or occupant of real property to the owner for possession and use thereof; esp: a sum of money agreed upon between a landlord and tenant for the use of real property b in the civil law of Louisiana: a contract by …
73chain of title — chain of title: the succession of conveyances of the title to a particular item of real property (as a house) ◇ The chain of title is usually stated or shown in an abstract of title. Merriam Webster’s Dictionary of Law. Merriam Webster. 1996.… …
74temporary injunction — See: preliminary injunction Category: Small Claims Court & Lawsuits Nolo’s Plain English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009. t …
75insolvent liquidation — Insolvency means being unable to pay your debts. For a company, this essentially means that there is a deficit in your balance sheet; your tangible assets are less than your liabilities, and your business does not generate sufficient surplus… …
76break — / brāk/ vb broke / brōk/, bro·ken, / brō kən/, break·ing, / brā kiŋ/ vt 1 a: violate transgress break the law …
77hiatus — I noun abeyance, adjournment, break, cessation, chasm, delay, disconnection, discontinuity, disjunction, disunion, fracture, gap, gulf, halt, hiatus, incompleteness, interference, interim, interlude, intermission, interregnum, interruption,… …
78disclosure letter — 1) A key document in any private acquisition. It is prepared by the seller s solicitors and makes general and specific disclosures regarding the warranties (warranty) contained in the acquisition agreement. If a seller fails to disclose a… …
79interest rate floor — The opposite of an interest rate cap. An arrangement under which the seller, in return for a premium, will pay to the buyer the difference between the specified floor rate and the lower variable rate, should the variable rate fall below that… …
80performance ratchet — Also known as equity ratchet. A common feature of private equity transactions, designed as an incentive for owner managers. The effect of the ratchet is to increase the amount of equity held by managers if certain performance targets are reached …
