- T -
Tangible Personal Property
Memorandum (TPPM) - A legal document that is referred to in a
will and used to guide the distribution of tangible personal
property.
Taxable income - The
income against which tax rates are applied to compute tax paid;
gross income of businesses or adjusted gross income of individuals
less deductions and exemptions.
Tax Court of the United States
- A judicial body which hears cases concerning federal tax laws.
Temporary relief - Any
form of action by a court granting one of the parties an order to
protect its interest pending further action by the court.
Temporary restraining order
- An emergency remedy of brief duration issued by a court only in
exceptional circumstances, usually when immediate or irreparable
damages or loss might result before the opposition could take
action.
Tender of performance - An
offer or attempt to do what is required under a contract or under
the law.
Testamentary capacity -
The legal ability to make a will.
Testamentary trust - A
trust set up by a will.
Testator - Person who
makes a will (Female: testatrix).
Testimony - The evidence
given by a witness under oath. It does not include evidence from
documents and other physical evidence.
Third party complaint - A
petition filed by a defendant against a third party (not presently
a party to the suit) which alleges that the third party is liable
for all or part of the damages plaintiff may win from defendant.
Title - Legal ownership of
property, usually real property or automobiles.
Tort - A private or civil
wrong or injury for which the court provides a remedy through an
action for damages.
Trademark - A word, name,
symbol, or devise used by a manufacturer to distinguish his goods
from those sold by others.
Transcript - A written,
word-for-word record of what was said. Usually refers to a record
of a trial, hearing, or other proceeding which has been
transcribed from a recording or from shorthand.
Transmittal form - Form
required in certain courts for transmitting documents for filing.
Treatise - A formal and
systematic book or writing containing a narrative statement on a
field of law.
Trial - A judicial
examination of issues between parties to an action.
Trial brief - A written
document prepared for and used by an attorney at trial. It
contains the issues to be tried, synopsis of evidence to be
presented and case and statutory authority to substantiate the
attorney's position at trial.
Trust - A legal device
used to manage real or personal property, established by one
person (grantor or settlor) for the benefit of another
(beneficiary). (See trustee.)
Trust agreement or declaration
- The legal document that sets up a living trust. Testamentary
trusts are set up in a will.
Trustee - The person or
institution that manages the property put in trust.
Truth in lending -
Statutes which provide that precise and meaningful cost of credit
information be provided to the credit customer.
