GRANTOR TRUST

1. Trust established by an agreement that is not a will. 2. Trustor keeps control property entrusted, realizing taxes on income from the property.

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GRAND BILL OF SALE

In English law. The name of an instrument used for the transfer of a ship while she is at sea. An expression which is understood to refer to the instrument whereby a ship was originally transferred from the builder to the owner, or first purchaser. 3 Kent, Comm. 133. 9. In the law of negotiable Instruments. A promissory obligation for the payment of money. Standing alone or without qualifying words, the term is understood to mean a bank note, United States treasury note, or other piece of paper circulating as money. Green v. State, 28 Tex. App. 493, 13 S. VV. 785; Keith v. Jones, 9 Johns. (N. Y.) 121; Jones v. Fales, 4 Mass. 252.

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Categories: G

GRANGIA

A grange. Co. Litt. 5a.

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GRAND CAPE

A judicial writ in the old real actions, which issued for the demandant where the tenant, after being duly summoned, neglected to appear on the return of the writ, or to cast an essoin, or, in case of an essoin being cast, neglected to appear on the adjournment day of the essoin; its object being to compel an appearance. Rose. Real Act. 105, et seq. It was called a “cape,” from the word with which it commenced, and a “grand cape” (or cape magnum) to distinguish if from the petit cape, which lay after appearance.

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Categories: G

GRAND COUTUMIER

A collection of customs, laws, aud forms of procedure in use inearly times in France. See COUTUHIER.

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GRAND DAYS

In English practice. Certain days in the terms, which are solemnlykept in the inns of court and chancery, viz., Candlemas day in Hilary term, Ascensionday in Easter, St. John the Baptist’s day in Trinity, and All Saints in Michaelmas ; whichare dies non juridici. Termes de la Ley; Cowell; Blount. They are days set apart forpeculiar festivity; the members of the respective inns being on such occasions regaledat their dinner in the hall, with more than usual sumptuousness. Holthouse.

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Categories: G

GRAND DISTRESS

writ of. A writ formerly issued in the real action of quare impcdit, when noappearance had been entered after the attachment; it commanded the sheriff todistrain the defendant’s lands and chattels in order to compel appearance. It is nolonger used. 23 & 24 Vict. c. 126, 5 20. having abolished the action of quare impcdit.and substituted for it the procedure in an ordinary action. Wharton.

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Categories: G

GRAND JURY

Type of jury composed of 23 citizens. This is a pre-trial jury that decides if prosecution evidence is sufficiently strong to bring an accused to trial for the specified crime. Abolished in 1948 by the UK, this is a continuing and important feature of the US trial system.

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Categories: G

GRAND LARCENY

the term that is used to describe the theft of a large sum of money that is greater than a set amount.

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GRAND OPENING

A new business or a new location having its official opening. Customers alerted to the opening are drawn to come and see. During such an opening most stores offer special promotional items and discounts.

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Categories: G