Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

Boston interest

Read a random definition: furigeldum

A quick definition of Boston interest:

Boston interest refers to the things that people in Boston want or benefit from. Interest means something that people desire or gain financially. It can also mean having a legal right to something, like property. There are different types of interests, such as absolute interest, which means having a right without any conditions, and contingent interest, which means having a right only if something happens first. Boston interest is just the specific interests of people in Boston.

A more thorough explanation:

Definition: Boston interest refers to an object of human desire, especially financial advantage or profit. It can also refer to a legal share or right in property, which includes any aggregation of rights, privileges, powers, and immunities.

Examples:

  • Absolute interest: An interest that is not subject to any condition.
  • Beneficial interest: A right or expectancy in something, such as a trust or an estate, as opposed to legal title to that thing.
  • Contingent interest: An interest that the holder may enjoy only upon the occurrence of a condition precedent.
  • Controlling interest: Sufficient ownership of stock in a company to control policy and management, especially a greater-than-50% ownership interest in an enterprise.
  • Defeasible interest: An interest that the holder may enjoy until the occurrence of a condition.
  • Equitable interest: An interest held by virtue of an equitable title or claimed on equitable grounds, such as the interest held by a trust beneficiary.
  • Entailed interest: An interest that devolves through lineal descendants only as a result of a fee tail.
  • Entire interest: A whole interest or right, without diminution.
  • Expectation interest: The interest of a non-breaching party in being put in the position that they would have been in had the contract been performed.

For example, a person with a beneficial interest in a trust receives income from the trust but does not hold legal title to the trust property. Another example is a controlling interest, which refers to sufficient ownership of stock in a company to control policy and management, especially a greater-than-50% ownership interest in an enterprise.

borrowed-statutes doctrine | bote

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
RoaldDahl
16:05
dodged the mich r wave what does this mean
HopefullyInLawSchool
16:06
it means you will not be rejected today and may be accepted or WL in the future
Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
LSD+ is ad-free, with DMs, discounts, case briefs & more.