Business Terms and Jargon Explained

What is Ademption

Ademption happens when property which has been gifted in to someone in a last will and testament is not in the estate’s possession when the testator’s died. This happens when the property has been either destroyed , sold,  stolen or gifted before the testator’s death.

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Affidavit UFT Fiduciary
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District judges Pleadings Plaintiff
Debtors Contempt of Court Sol
Corner a market Eurobond Autoregressive
Above-board Credit limit Obiter dictum
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Term created / updated 2019-10-07 12:21:46

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