Adjustment period is the time within which the interest rate on an adjustable-rate mortgage (ARM) can reset. It is the scheduled amount of time between each adjustment date.
Adjustment periods are set at month-to-month, semi...
financial events
administer
Administer means to carry out a task or give something to someone. Administer appears in a variety of contexts in the legal field. For example:
A trustee administers the assets of an estate by dispersing, selling, or managing the...administration (of an estate)
Administration of an estate means the management of the assets and liabilities of someone who has died. When a person has not designated a personal representative by will to deal with their estate upon death, the court will appoint an administrator...
administrative expenses
Administrative expenses are defined under §507(a)(1) of the U.S. Bankruptcy Code which states that claims that are given first priority distribution are those claims allowed as administrative expenses under §503(b). Administrative expenses...
administrator
In law, there are different meanings for “administrator.”
First, an administrator is a person who operates or leads a business, public office, agency, or other forms of organization. There are court administrators and local...
administrator ad litem
An administrator ad litem is a person appointed by a probate court to represent the interests of an estate for the purposes of a lawsuit.
Administrators ad litem are typically appointed in cases where the estate’s...
Administrator Ad Prosequendum
An Administrator Ad Prosequendum is appointed by the court to bring and prosecute a case on behalf of the deceased person’s estate. A court typically appoints an administrator to pursue a claim only if the person died intestate. An Administrator Ad...
administrator cum testamento annexo
Administrator cum testamento annexo is the Latin phrase term for administrator with will annexed. The administrator is a person appointed by a court to administer a will in lieu of an executor.
[Last updated in June of 2021 by the...
administrator de bonis non
Administrator de bonis non (also referred to as administrator de bonis non cum testamento annexo) is a Latin term for an administrator appointed by a court to replace an administrator of a will that can longer execute the role. The...
administrator de bonis non cum testamento annexo
Administrator de bonis non cum testamento annexo (also referred to as administrator de bonis non) is the Latin phrase for an administrator appointed by a court to replace a prior administrator cum testamento annexo that could not complete the...