| 单词 | satisfied term |
| 释义 | > as lemmassatisfied term satisfied term n. Law (now historical and rare) a period of an interest in land for a term of years which has expired because the specific purpose for which it was created has been fulfilled.For example, when land under a strict settlement is assigned to trustees for a term of years on trust to raise capital sums for members of the settlor’s family, the term is satisfied when the sums have been raised. Under the Law of Property Act 1925, the estate or interest in the land ceases when the purpose is fulfilled. ΚΠ 1733 Precedents in Chancery 137 Another Question was, Whether a Dowress has a Right to redeem a Mortgage? And my Lord Keeper declared his Opinion to be, that she had,..and distinguished it from Lady Radnor's Case, for there was a Satisfied Term. 1818 W. Cruise Digest Laws Eng. Real Prop. (ed. 2) I. 502 Where a satisfied term is assigned to a trustee, upon an express trust to attend the inheritance, the owner of such inheritance acquires a right to the term, by the declaration of the parties. 1920 Columbia Law Rev. 20 658 When a mortgage is paid off and a receipt endorsed the term will cease as a satisfied term. 1990 S. Staves Married Women's Separate Prop. in Eng., 1660–1833 iii. 89 Z could jump ahead of Y by buying a satisfied term, so long as Z had had no notice of Y's interest. < as lemmas |
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