Equitable Adoption: The legal process used in some states to establish inheritance rights of a child, when the prospective adoptive parent had entered into an oral contract to adopt the child and the child was placed with the parent but the adoption was not finalized before the parent died.

 

Related Words

Equitable Adoption: The legal process used in some states to establish inheritance rights of a child, when the prospective adoptive parent had entered into an oral contract to adopt the child and the child was . . . View Full Definition

De Facto Adoption: A legal agreement to adopt a child according to the laws of a particular state which will result in a legal adoption process once the adoption petition is filed with the appropriate court: a . . . View Full Definition

Foster Adoption Placement: Foster placement of a child, with adoption being the final goal, once all legal requirements have been met. The couple must be certified as suitable to adopt with their home licensed as a fo . . . View Full Definition

Final Adoption Decree: Legal document issued by the court that completes the adoption.

Foster-Adoption: A child placement in which birth parents' rights have not yet been severed by the court or in which birth parents are appealing the court's decision but foster parents agree to adopt the chi . . . View Full Definition

Independent Adoption: An adoption arranged privately by a non-licensed third party (i.e., doctor or lawyer) or between the birth family and adoptive parents.

Intercountry or International Adoption: The adoption of a child who is a citizen of one country by adoptive parents who are citizens of a different country.

Fair-And-Equitable Test: In the context of futures, the equilibrium price for futures contracts. Also called the theoretical futures price, which equals the spot price continuously compounded at the cost of carry ra . . . View Full Definition

Equitable Title: The interest held by a vendee under a contract for deed or an installment contract, the equitable right to obtain absolute ownership to property when legal title is held in anothers name.

Equitable Lien: A lien arising out of common law—in contrast to a statutory lien, which is imposed on property by statute.