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
Smart Card Accounting Rate of Return N285 Civil Court form
District judges Pleadings Plaintiff
Debtors Contempt of Court Sol
Corner a market Eurobond Autoregressive
Above-board Credit limit Obiter dictum
Opportunity Costs Effective Exchange Rate Private Motor Vehicle
Crawler Import VAT Activities of daily living (ADL)
N323 Civil Court form Landlord Parental leave policy
Petition Utter Trust
Domicile of origin Optimist Karat
CMS Arbitration Leave of the court
Guardianship order JVCC Cost Center

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

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