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Simple English definitions for legal terms

Boston interest

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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.

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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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