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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AMOGA Merchant Bank Corporations
Rainmaker Primogeniture Warranty of Authority
Discount received Testate Western Union
Receiver Price Transparency Offshore Investments
Crypto-jacking Corporate Strategy Subscribers
BIMBO Bailment Economically Inactive
Simple Interest Preferred stock JCO
Grant of representation Amped Standard terms and conditions
Patents County Court Upskill Domicile of choice
Diplomat Open court Surplus
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European Court of Justice Void Franchise
Deferred sentence Carat Trojan

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

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