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LSDefine
Simple English definitions for legal terms
regular term
Read a random definition: net operating loss (NOL)
A quick definition of regular term:
A regular term is a specific word or phrase that has a fixed meaning in a certain field or a contractual stipulation. It can be an essential term that must be included in a contract for it to exist or a nonessential term that is not regarded as fundamental. A regular term can also refer to a fixed period of time, such as the period for which an estate is granted or the period during which a court conducts judicial business. There are different types of regular terms, including attendant terms, satisfied terms, and terms of years.A more thorough explanation:
A regular term is a fixed period of time that has a specific meaning in a particular field. It can refer to:
- A word or phrase with a fixed meaning in a certain field
- A contractual stipulation or provision
- A fixed period of time, such as the period for which an estate is granted
- The period during which a court conducts judicial business
For example, a fundamental term is a contractual provision that must be included for a contract to exist. An implied term is a provision not expressly agreed to by the parties but instead read into the contract by a court as being implicit. A regular term can also refer to the period during which a court conducts judicial business, such as a criminal term or equity term.
Overall, a regular term is a specific and defined period of time that has a particular meaning in a certain context.