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Glossary

  • An administration fee charged by some mortgagees to cover the cost of reserving a mortgagor’s entitlement to a loan on certain terms. Possibly also a fee paid to a builder to reserve a particular new property.

  • When you leave your home to your descendants you may qualify for an additional threshold before inheritance tax becomes due.

  • The remainder of the estate of a deceased person after the liabilities and legacies have been paid. This is split between the ‘residuary beneficiaries’.

  • The person who responds to proceedings issued at court.

  • Cancels.

  • Regulations or principles creating a set of requirements, such as the requirements of the Criminal Injuries Compensation Scheme.

  • A reference to S25 Matrimonial Causes Act 1973 which sets out a list of criteria that a District Judge must consider when making decisions about financial cases.

  • The sale of a property.

  • The rule (now repealed) which blocked victims of violent crime at the hands of another member of their own household from making a claim.

  • A claimant’s opportunity to detail what they want to claim by way of monetary compensation in their tribunal claim.

  • Someone who sells a property.

  • If you separate from one another as a couple. Agreements in relation to finances are often recorded in a deed of separation.

  • A payment required by a lessor or managing agent to cover the costs of maintaining and running a development (e.g. gardening and decorating and also insuring a block of flats).

  • The voluntary conclusion of any litigation by the parties involved. Settlement can be made at any time before a final hearing.

  • A binding contract that records the terms and payments to be made from an employer to a current or a former employee in return for a waiver by the employee of any defined contractual and statutory employment law claims, for example unfair dismissal. For a settlement agreement to be legally binding an employee must seek independent legal advice on its terms.

  • A person who creates a trust.

  • Unfavourable treatment on the grounds of a person’s gender; or a policy or a criterion which has an adverse effect due to a person’s sex or marital status.

  • Cruelty or violence towards another person, involving inappropriate and non-consensual sexual activity.

  • Unfavourable treatment on the grounds of a person’s sexual orientation, or perceived sexual orientation.

  • The term used to describe couples who divorce or separate later in life.

  • A skeleton argument is intended to identify both for the parties and the court, those points which are, and those that are not, in issue, and the nature of the argument in relation to those points which are in issue.

  • An order made by the local authority designating an area to be one in which only smokeless fuels may be burnt (i.e. not coal or wood).

  • A regular payment of money paid by one spouse or former spouse to the other following the breakdown of marriage. Payments can be ordered by the Court and such payments can be paid for a definite term or under a joint lives order. The joint lives order comes to an end on either the recipients remarriage, the death of either party or further order.

  • Your husband or your wife.