Read Short & Simple Definitions Of Complex Legal Terms
ABEYANCE
The status of real estate ownership when no clear owner is present and must be determined.You might like reading these
Being in expectation. An estate will be in abeyance when there is no one to claim it. The law does anticipate that the heir will be found and the estate will ne longer be abeyance.
» Read More1. Human Resource Management: A natural capacity of an individual to complete the task at hand. Refer to the definition of aptitude. 2. Law: The ability to agree and act upon a legal obligation.
» Read MoreA principle in economics that those with more wealth should pay higher taxes. This balances those with a lesser income who cannot afford to pay as much.
» Read MoreRefer to the definition of pay principle for clarification.
» Read MoreAbility to perform ensures that both parties in a transaction have the financial capacity to complete a transaction. Companies and individuals with higher credit ratings have a higher ability to perform.
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