Ab Agendo Law and Legal Definition

Ab Agendo is a Latin term which means unable to act or disabled from acting. A person is said to be ab agendo when s/he is incapacitated for business or transactions of any kind because of old age, mental weakness or any other cause.

Ab Initio Law and Legal Definition

Ab initio is a Latin term meaning “from the beginning”. For example, if something is said to be void ab initio, the thing was never created or valid to begin with. The term is often used in connection with contracts, estates, and marriages.

Ab Intestato Law and Legal Definition

Ab Intestato is a Latin term which means ?”by intestacy.” It refers to laws governing the succession of property after its previous owner dies without a valid will. The term intestate when used in regard to a person, it means not having made a legally valid will prior to death; when used in regard to…

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Ab Irato Law and Legal Definition

Ab Irato is a Latin word which means ? By one who is angry.? This usually refers to a gift or bequest that is made adversely to an heir?s interests, out of anger or hatred. A devise made under these circumstances is called a testament ab irato. An action to set aside these type of…

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AB Trust Law and Legal Definition

An A-B trust is a trust which divides into Trust A and Trust B upon the death of the first settlor. The main tax advantage of an A-B trust is to utilize the unified credit upon the death of the first spouse in order that an estate of up to $3,000,000 may entirely escape estate…

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ABA Law and Legal Definition

American Bankers Association (ABA) is the largest national trade organization of the banking industry in the U.S. ABA was formed in 1875. ABA is comprised of banks and other financial institutions. Membership in the ABA includes community; regional, and money-center banks; holding companies; savings associations; trust companies; and savings banks. ABA headquarters is in Washington,…

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ABA Number Law and Legal Definition

ABA transit number is an identification number assigned by the American Bankers Association (ABA) to banks and savings associations. ABA number is a nine-digit number. The number appears on U.S. checks in the lower left-hand corner. ABA number consists of a two-part code. The first part shows the location and the second identifies the bank…

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