New Acquisition Law and Legal Definition
New acquisition means an acquisition of an estate not by means of a descent, devise, or gift from the paternal or maternal line of the owner. Hence, it does not mean acquisition of property by descent or by will. New acquisition is an acquisition for the original subscribers or their representatives. The interest created in the new acquisition always continues in the same proportion as in the aggregate capital originally advanced. It means an estate acquired from a non-relative for money.
Legal Definition list
Related Legal Terms
- Abbreviated New Drug Applications [ANDA]
- Acquisition
- Acquisition and Cross-Servicing Agreement
- Acquisition and Improvement Loan [Veterans' Relief]
- Acquisition Assistance [Transportation]
- Acquisition Cost of an Item of Purchased Equipment
- Acquisition Cost of Equipment [Education]
- Acquisition Credit
- Acquisition Debt
- Acquisition Fee
