Simple English definitions for legal terms
Read a random definition: term interest
DEDICATION AND RESERVATION: Dedication and reservation refer to a promise made with certain conditions, rules, and limits. It means that when someone dedicates something, they are setting it aside for a specific purpose or person, but with some restrictions. For example, a park may be dedicated to a famous person, but with the reservation that it can only be used for certain activities. It's like saying, "I'm giving you this, but you can only use it in this way."
Definition: Dedication and reservation refer to a commitment made with certain conditions, restrictions, and limitations.
Example: A person may dedicate a piece of land to a public park, but with the reservation that it cannot be used for commercial purposes.
Explanation: This means that the land is being given to the public for use as a park, but the person who is dedicating it has placed a restriction on how it can be used. The land cannot be used for any commercial purposes, such as building a shopping center or a hotel. This ensures that the land remains a public park and is not used for any other purpose.
Example: A donor may dedicate a sum of money to a charity, but with the reservation that it can only be used for a specific program or project.
Explanation: This means that the donor is giving money to a charity, but with the condition that it can only be used for a specific program or project. For example, the donor may want the money to be used for a scholarship program or to build a new facility. This ensures that the money is used for the intended purpose and not for something else.