Residuary bequest – in terms of Inheritance Law, the residuary bequest refers to these assets, available once the tax debts are cleared and all other claims related to the inheritance pot, have been settled. The foundation of the term is…
Residuary beneficiary – this legal term has got application in the Wills & Probate Law in some legal systems. There it usually refers to a person, who acquires title on assets, initially left to another person, but he has died…
Residual profit – this term applies in the Financial Law in some jurisdictions, where refers to the profit made by a physical individual, once they have paid all their taxes and debts. This is the pure income, which usually has…
Residual rights – although the main meaning of this term is of secondary rights, it has different meaning, depending of where it has got application: 1) Within the Corporate Law, it refers to the legal right of shareholder to the…
Residual price – this term has got application in the Law of Contracts, where it details to the fair market price of the property, after the rental relations are over. It bears the amortization (i.e. result of normal usage) of…
Residual disability benefit – This term finds application in the Insurance Law. There it refers to compensation, paid by the insurance company towards a policy holder in situations where he/she faced a loss of income due to a covered disability.…
Residential segregation– in some legal systems this legal term refers to the physical separation of two or more social groups into different societies or a form of segregation that divides (splits) people on various social groups on the base of…
Residential mortgage – the Law of Contracts establishes the residential mortgage as legal security for loan, used for purchasing a house or apartment. I.e. the buyer pledges his/her home to the creditor. If the borrower fails to cover the monthly…
Residential lease – the Law of Contracts in some jurisdictions describes the residential lease as rent of house for living. Somewhere the residential lease may be concluded between the parties with the option to the leaser to buy it too.…
Residential infrastructure – in terms of Building Law in some countries, this legal term refers to all the improvements created by the local authorities that enable the life in a city. For example, Public roads, electricity lines, water lines, waste…