The abbreviation ex rel. stands for the Latin phrase ex relatione. Ex relatione is a procedural phrase in the Bluebook, meaning "on the relation of", “out of the relation of”, or “on behalf of.” This is a phrase showing that the plaintiff is...
ACADEMIC TOPICS
executrix
An executrix is an antiquated term for a woman named in a will as the person responsible for carrying out the terms of the will, as per the testator’s wishes. This term is not commonly used now and every person in this role, no matter their...
exempt offering
In securities, an exempt offering is an offering for which the issuer does not need to file a registration statement.
See private placement.
[Last updated in February of 2022 by the Wex Definitions Team]...
expunge
To expunge means to destroy, obliterate, or strike out records or information in files, computers, and other depositories. A well-known example of this is the expungement of criminal records. The majority of states allow people to have their...
extraordinary fees
Extraordinary fees are irregular fees that an attorney incurs when administering an estate. The attorney must show the court the reasonableness of the expenses for the estate before a judge will approve the fees. Extraordinary fees can be for...
fact
A fact is an event that actually happened, or a statement presented as objective truth. The determination of facts is the key responsibility of trial courts.
[Last updated in December of 2022 by the Wex Definitions Team]
Fair Debt Collection Practices Act
Background
A creditor may seek to collect an outstanding debt in several ways. However, because of “abundant evidence of the use of abusive, deceptive, and unfair debt collection practices by many debt collectors,” (15 U.S.C. § 1692)...
fair market value
The fair market value (FMV) is the value of property as determined by the marketplace (or objective purchasers) rather than as determined by a subjective individual. This is what an informed and unpressured buyer would pay to an...
family law
Family law, also referred to as domestic relations in many states, is the broad body of law that covers marriage, divorce, child custody, adoption, domestic violence, reproductive rights, and other matters regarding family relationships. Much...
FDIC
The Federal Deposit Insurance Corporation (FDIC) insures $250,000 of deposits for each individual’s accounts at over 5,000 banks. This reassures depositors that their money is accessible in the situation where their bank fails, reducing the...