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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Txid Age Relief MoneyGram
Ex post facto Insider report Walking Possession
County Court Judgement Tontine Barrister
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Gaap Bull Market CRN
Underwrite JP Audit Trail
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Exit strategy Guardianship order Gold Standard
Perjury Vertically integrated Bandwidth

Term created / updated 2019-10-07 12:21:46

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