LECTLAW.COM
|
From the 'Lectric Law Library's Lexicon
|
 |
Search The Library's Lexicon |
SOME MAIN ROOMS
- Reference Room
- Free Forms Room
- Legal Pro's Lounge
- 'Lectric Law Lexicon
- LayPeople's Lounge
- Study of Law Study
- Business Law Lounge
- Periodical Reading Rm
- Inner Sanctum
- Rubber Room
- The Rotunda
- News Room
- Link Room
MISC BUSHWAH
Need a Lawyer?
Check Out Our Very Own Searchable Attorney Directory
Local Guides
- All Guides
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- DC
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
BOOT
Money received during an exchange to equalize values. If two individuals agree to exchange real estate, 'boot' is used to even up the exchange. This term is loosely used to describe cash out of a deal. e.g. if a person sells his business for an assumption of liabilities and for some cash the cash is 'boot.'
* * * * * * * * * *
No one connected with the 'Lectric Law Library, including Sponsors, Advertisers, & Content Providers,
necessarily Endorses, Warrants or Approves of any of its material. Also, Library content is NOT meant
to provide Specific Legal Advice, or to Solicit or Establish Any Kind of Professional-Client Relationship.