South Carolina Code > Title 5 > Chapter 39 > Article 7 – Trusts in Cities Over 5,000
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In South Carolina Code > Title 5 > Chapter 39 > Article 7 - Trusts in Cities Over 5,000
- Bequest: Property gifted by will.
- Contract: A legal written agreement that becomes binding when signed.
- Conviction: A judgement of guilt against a criminal defendant.
- Devise: To gift property by will.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.