Master Glossary – All Legal Glossary Terms
Santillán Law P.C. has provided this Master Glossary for those people who may be interested in learning and understanding common legal terms used in various kinds of cases such as Bankruptcy, Estate & Wills, Criminal Law, DUI, Uncontested Divorce, Real Estate and Cannabis/CBD Regulations and Law. This glossary is not and should not be construed as legal advice it is provided for informational purposes only and does not constitute “Legal Advice” For proper legal advice please consult a qualified attorney.
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- Tangible personal propertyProperty that is capable of being touched and moved, such as personal effects, furniture, jewelry, and automobiles. Tangible personal property is distinguished from intangible personal property that has no physical substance but represents something of value, such as cash, stock certificates,(...) Read More
- Tax loss carry-forwardLosses, for tax purposes, that can be carried forward and applied to reduce taxable income in future years. The Tax Reform Act of 1986 imposed stringent restrictions on the use of tax loss carry-forwards. Read More
- TaxpayerA person who pays taxes and/or is responsible for paying property taxes. Read More
- Tenancy by the entiretyA joint ownership arrangement between a husband and wife, generally with respect to real property, under which the entire property passes to the survivor at the first death and while both are alive, may not be sold without the approval of both. Read More
- Tenancy in commonA co-ownership arrangement under which each owner possesses rights and ownership of an undivided interest in the property, which may be sold or transferred by gift during lifetime or at death. Read More
- TerahydrocannabinoilAlso known as THC, the main phytocannabinoid in the marijuana plant responsible for the "high," the euphoric and psychoactive effects on the body. Tetrahydrocannabinol (THC) is the only known intoxicating phytocannabinoid that can alter behavior, consciousness, mood, appetite and perception.(...) Read More
- Terms of a trustThe manifestation of the grantor’s intent as expressed in the trust instrument or as may be established by other evidence that would be admissible in a judicial proceeding. Read More
- TerpenesTerpenes are a group of chemical compounds found in nearly all plant life on Earth, with Cannabis being no exception. Terpenes are responsible for the wide variety of smells and flavors associated with different Cannabis strains. Read More
- TestamentaryRelating to a will or other document effective at death. Read More
- Testamentary trustA trust established in a person’s will to come into operation after the will has been probated and the assets have been distributed to it in accordance with the terms of the will. Read More
- TestatorA person who signs a will. If a woman, may be referred to as the testatrix. Read More
- Testimony Evidence that a competent witness under oath or affirmation gives at trial or in an affidavit or deposition. Read More
- Tetrahydocannabinolic AcidAlso known as THCA, the acidic form of Tetrahydrocannabinol (THC), considered “inactive” until it heats (through decarboxylation) to become Tetrahydrocannabinol (THC). Read More
- TetrahydocannabivarinAlso known as THCV, A psychoactive phytocannabinoid known as the “sibling” of THC that may be effective in suppressing appetite. Read More
- TincturesTinctures is a term used to refer to cannabis extracts/concentrates that are typically delivered under the tongue (sublingually) or in a mucous membrane via an eyedropper. Tinctures are intended to be a fast delivery method without smoking. Read More
- Title insuranceAn insurance policy issued to protect a property owner or the owner of a security interest against losses resulting from undisclosed defects which affect or impair the ownership rights of the insured person. Read More
- Title policy endorsementSpecific individual agreements by a title insurance company adding to or altering the basic provisions of a title policy (for example, specifically insuring that the subject property (1) has access to a dedicated street, (2) is a single tax parcel, or (3) is the same land as the land(...) Read More
- Topicals / TransdermalsTopicals and transdermals area type of cannabis product where the active compounds in the flowers have been extracted and added to a product that is applied directly to the skin. As the body’s biggest organ, the skin allows for transdermal absorption of compounds like cannabinoids into the(...) Read More
- Trial Court Courts that listen to testimony, consider evidence and decide the facts in a disputed situation Read More
- Transfer on death designationA beneficiary designation for a financial account (and in some states, for real estate) that automatically passes title to the assets at death to a named individual or revocable trust without probate. Frequently referred to as a TOD (transfer on death) or POD (payable on death) designation. Read More
- Trial In criminal law, the adversary method of whereby opposing attorneys prove in court, according to the rules of evidence, that the defendant is guilty or not guilty of the criminal charges beyond a reasonable doubt. Read More
- TrichomesCrystal-like components of the cannabis plant that hold the most cannabinoid content. Read More
- TrustAn arrangement whereby property is legally owned and managed by an individual or corporate fiduciary as trustee for the benefit of another, called a beneficiary, who is the equitable owner of the property. Read More
- Trust instrumentA document, including amendments thereto, executed by a grantor that contains terms under which the trust property must be managed and distributed. Also referred to as a trust agreement or declaration of trust. Read More
- TrusteeAn agent of the court who manages the property of the debtor for the benefit of the creditors. The court appoints a trustee in most Chapter 7 cases and in Chapter 11 cases when it determines that the debtor’s management should not remain in control. This type of trustee should be distinguished(...) Read More
- Trustee (Wills & Estate)The individual or bank or trust company designated to hold and administer trust property (also generally referred to as a “fiduciary”). The term usually includes original (initial), additional, and successor trustees. A trustee has the duty to act in the best interests of the trust and its(...) Read More
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