| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 1,885,401,971 visitors served. |
|
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
exculpatory clause |
Also found in: Medical, Legal | 0.01 sec. |
|
exculpatory clause (1) A clause in a mortgage that allows the borrower to surrender the property to a lender without any further personal liability for a deficiency.(2) A clause in a trust instrument or in a will excusing the trustee or executor from liability when powers are exercised in error but in good faith. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
|
| ? Mentioned in | ? References in periodicals archive | |
|---|---|---|
| Justice Harry Lee Anstead wrote in the majority opinion "Florida''s children and parents need not worry, after today''s decision, that careless commercial operators may be immunized from their carelessness by the presence of an exculpatory clause in a ticket for admission. As it stands currently, however, there is no such statutory provision permitting an exculpatory clause for officers to be included in a corporation's certificate of incorporation. The cost of working with an institutional fiduciary is often a broad exculpatory clause (36) or authorization for the trustee to use the trust's corpus to defend itself in litigation. |
| Financial Dictionary |
| Free Tools: |
For surfers:
Free toolbar & extensions |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup | Partner with us |
|---|