See Also: Crummey Demand Power (or Trust)(law)
ACCOMODATION, com(law)
Purchasing power or buying power(finance)
demand(2)(dictionary)
Demand(money)
Demand(medicine)
On Demand(money)
demand(1)(dictionary)
Demand(law)
Demand Curve(money)

Crummey Demand Power (or Trust) (law) and ACCOMODATION, com (law)


Crummey Demand Power (or Trust) (law)




A power granted an individual under a trust instrument, whereby the individual can, for a limited period following any gift to the trust (usually thirty through ninety days), withdraw all or some stated portion of the gift. The power is used to make gifts





ACCOMODATION, com (law)


ACCOMODATION, com. law. That which is done by one merchant or Other personfor the convenience of some Other, by accepting or endorsing his paper, orfor the convenience of some Other, by accepting or endorsing his paper, orby lending him his notes or bills.by lending him his notes or bills. 2. In General the parties who have drawn, endorsed or accepted bills or 2. In General the parties who have drawn, endorsed or accepted bills orother commercial paper for the accommodation, of others, are, while in theother commercial paper for the accommodation, of others, are, while in thehands of a holder who received them before they became due, Other than thehands of a holder who received them before they became due, Other than theperson for whom the accomodation was given, responsible as if they hadperson for whom the accomodation was given, responsible as if they hadreceived full value. Chit. Bills, 90; 91. See 4 Cranch, 141; 1 Ham. 413; 7received full value. Chit. Bills, 90; 91. See 4 Cranch, 141; 1 Ham. 413; 7John. 361; 15 John. 355, 17 John. 176; 9 Wend. 170; 2 Whart. 344; 5 Wend.John. 361; 15 John. 355, 17 John. 176; 9 Wend. 170; 2 Whart. 344; 5 Wend.566; 8 Wend. 437; 2 Hill, S. C. 362; 10 Conn. 308; 6 Munfd. 381.566; 8 Wend. 437; 2 Hill, S. C. 362; 10 Conn. 308; 6 Munfd. 381.