← Back to "N" terms

New London Literary Inst

Categories: Property

Definition (1910 Edition)

v. Prebcott, 40 N. H. —_ portions. When a landed estate is settled on an eldest son, it is generally burdened with the payment of specific sums of money in favor of his brothers and sisters. A direction to this effect is called a direction for “raising portions for younger children ;” and, for this purpose, it is usual to demise or lease the estate tu trustees for a term of years, upon trust to raise the required portions by a pa or mortgage of the same. Mozley & Whitley.
Source: Black's Law Dictionary, 2nd Edition (1910) — Public Domain. UK commentary and modern updates are original additions. This entry is for educational reference only and does not constitute legal advice.