- absolute rule
- Same as rule absolute.
Ballentine's law dictionary. Anderson, W.S.. 1998.
absolute rule
Look at other dictionaries:
Rule in Dearle v Hall — The rule in Dearle v Hall (1828) 3 Russ 1 is an English common law rule to determine priority between competing equitable claims to the same asset. The rule broadly provides that where the equitable owner of an asset purports to dispose of his… … Wikipedia
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rule in Shelley's Case — rule in Shel·ley s case / she lēz / often cap R [from Wolfe v. Shelley, a 1581 English case invoking the rule]: a former common law rule that converted a life estate of an ancestor into an estate in fee and destroyed the remainder to the heirs… … Law dictionary
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absolute priority rule — n: a rule that provides for the satisfaction in full of claims of senior creditors before any payments can be made to junior creditors under a chapter 11 bankruptcy plan Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. absolute… … Law dictionary
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Absolute liability — is a standard of tort liability which stipulates that where an enterprise is engaged in a hazardous or inherently dangerous activity and harm results to anyone on account of an accident in the operation of such hazardous or inherently dangerous… … Wikipedia
Absolute priority — Rule in bankruptcy proceedings whereby senior creditors are required to be paid in full before junior creditors receive any payment. The New York Times Financial Glossary … Financial and business terms
