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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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9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
Mich overrated (Dean Z please let me in even tho i didnt apply and I am below both 25ths)
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