interest on lawyers trust account

interest on lawyers trust account
A system in which lawyers place certain client deposits in interest- bearing accounts, with the interest then used to fund programs, such as legal service organizations who provide services to clients in need.

Dictionary from West's Encyclopedia of American Law. 2005.


interest on lawyers trust account
A system in which lawyers place certain client deposits in interest- bearing accounts, with the interest then used to fund programs, such as legal service organizations who provide services to clients in need.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • Interest on Lawyer Trust Accounts — (IOLTA) is a type of program in which interest earned from money held in a lawyer trust accounts is aggregated and required to paid to another state agency, subsidizing legal services for those who cannot afford them.HistoryThe practice is that a …   Wikipedia

  • Trust law — In common law legal systems, a trust is an arrangement whereby property (including real, tangible and intangible) is managed by one person (or persons, or organizations) for the benefit of another. A trust is created by a settlor, who entrusts… …   Wikipedia

  • trust — trustable, adj. trustability, n. truster, n. /trust/, n. 1. reliance on the integrity, strength, ability, surety, etc., of a person or thing; confidence. 2. confident expectation of something; hope. 3. confidence in the certainty of future… …   Universalium

  • United States trust law — Introduction Most law regulating the creation and administration of trusts in the United States is now statutory at the state level. In August 2004, the National Conference of Commissioners on Uniform State Laws created the first attempt to… …   Wikipedia

  • Security interest — A security interest is a property interest created by agreement or by operation of law over assets to secure the performance of an obligation, usually the payment of a debt.[1] It gives the beneficiary of the security interest certain… …   Wikipedia

  • Depository Trust & Clearing Corporation — Type Private Industry Finance Ge …   Wikipedia

  • Marc Stuart Dreier — Marc Dreier Born Marc Stuart Dreier May 12, 1950 (1950 05 12) (age 61) South Shore, New York, US …   Wikipedia

  • Cestui que — Wills, trusts and estates …   Wikipedia

  • United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… …   Universalium

  • United Kingdom — a kingdom in NW Europe, consisting of Great Britain and Northern Ireland: formerly comprising Great Britain and Ireland 1801 1922. 58,610,182; 94,242 sq. mi. (244,100 sq. km). Cap.: London. Abbr.: U.K. Official name, United Kingdom of Great… …   Universalium

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”