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adeem

   Also found in: Dictionary/thesaurus, Acronyms 0.01 sec.

adeem v. to revoke a gift made in a will by destroying, selling or giving away the gift item during the lifetime of the testator (writer of the will). Example: a person writes in his/her will, "I leave my son my 1988 Cadillac automobile" and then Dad totals or sells the car. Nasty legal fights can arise if the supposed adeemed gift is not clearly identified as in "I give Robert my family car." Then the giver sells the Cadillac and buys a Jeep. Better will language would be: "To Johnny any (or the newest) automobile of which I shall be possessed at the time of my death." (See: ademption)


adeem verb abnegate, abolish, abrogate, annul, avoid, cancel, declare null and void, deny, deprive of, disseise, divest, make void, negate, nullify, offset, remove, render null and void, render void, repudiate, rescind, retract, revoke, take away, take back, take from, vacate, void, withdraw
Associated concepts: adeem a bequest, adeem a devise, adeem a gift, adeem a legacy
See also: assume, attach, confiscate, seize


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Aston Martin was sold by Ford in the summer of 2007 with a consortium led by racing tycoon David Richards, investment banker John Singers, Investment Dar and Adeem Investment emerging as buyers.
In 2007, a group of investors led by Kuwait's Investment Dar and its partner Adeem Investments acquired the majority stake in Aston Martin from Ford in a deal worth about Au500 million.
T & H also advised Adeem Investments of Kuwait on the acquisition of land adjacent to the Grosvenor House Hotel in London's exclusive Mayfair quarter.
 
 
 
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