fair equivalent — As used in statute providing that fair consideration is given for property exchanged at fair equivalent means value at time of conveyance. Equivalent means equal in worth or value; fair means equitable as a basis for exchange; reasonable; a fair… … Black's law dictionary
fair — adj 1: characterized by honesty and justice: free from self interest, deception, injustice, or favoritism a fair and impartial tribunal 2: reasonable as a basis for exchange a fair wage a fair valuation 3: consistent with merit or importance … Law dictionary
equivalent — eq·uiv·a·lent n: something that performs substantially the same function as another thing in substantially the same way compare aggregation, combination, invention ◇ Under patent law, a patentee may bring a claim for infringement against the… … Law dictionary
fair consideration — A fair equivalent. One which, under all the circumstances, is honest, reasonable, and free from suspicion. Full and adequate consideration. Good faith satisfaction of an antecedent debt. One which fairly represents the value of the property… … Black's law dictionary
fair consideration — A fair equivalent. One which, under all the circumstances, is honest, reasonable, and free from suspicion. Full and adequate consideration. Good faith satisfaction of an antecedent debt. One which fairly represents the value of the property… … Black's law dictionary
fair consideration — An adequate, just, or proper consideration; something more than a nominal consideration. Rude v Levy, 43 Colo 482, 96 P 560. A consideration fairly proportioned to the money, property, or services furnished by the contracting party. Manello v… … Ballentine's law dictionary
fair-play — [ fɛrplɛ ] n. m. inv. • 1849; loc. angl. « franc jeu », « jeu loyal » ♦ Acceptation loyale des règles (d un jeu, d un sport). « Toute la vie anglaise n est qu une partie de sport, un fair play qui a ses lois et ses usages chevaleresques »… … Encyclopédie Universelle
Fair dealing — is a doctrine of limitations and exceptions to copyright which is found in many of the common law jurisdictions of the Commonwealth of Nations.Fair dealing is an enumerated set of possible defenses against an action for infringement of an… … Wikipedia
Fair market value — (FMV) is a term in both law and accounting that is based on the economics term of market value. It is also a common basis for assessing damages to be awarded for the loss of or damage to the property, generally in a claim under tort or a contract … Wikipedia
Fair Computational tree logic — is conventional computational tree logic studied with explicit fairness constraints.Weak fairness / justiceThis declares conditions such as all processes are executing infinitely often. If you consider the processes to be Pi, then the condition… … Wikipedia