adeem


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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
References in periodicals archive ?
Yet Adeem disagreed, stating that it was 'important' for users to have the chance to see someone before they made a choice.
Adeem Younis said: "I'm delighted that so many of our users are pressing ahead with their weddings and I wish them every success and happiness in their lives together.
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.
Adeem Financial Company was authorized to conduct managing and custody in the securities business, Ajeej Capital Ltd.
Meanwhile, Adeem, owned by Sheikh Rashid bin Hamdan Al Nahyan, won the second position and Wadi, owned by Sheikh Hamdan bin Rashid Al Maktoom, finished third.
Gavin Anderson have been active in the MENA region for over 10 years, working on a range of clients, including Arab Bank in the UAE, Unicorn Investment Bank in Bahrain, ADEEM Investment Corporation in Kuwait, BMCE in Morocco, MediCapital Bank, the Dubai International Financial Centre, the Qatar Financial Centre, the Abu Dhabi Stock Market and Sotheby's.
March 12 /PRNewswire-FirstCall/ -- Ford Motor Company announced today it has entered into a definitive agreement to sell Aston Martin, its prestigious sports car business, to a consortium comprised of David Richards, John Sinders, Investment Dar and Adeem Investment Co.
Some reports suggested Toyota was leading the pack and said the firm had already conducted due diligence on the books at Aston Martin, which was bought by Investment Dar, along with David Richards, John Sinders and Kuwait-based Adeem Investment from Ford in 2007 for PS479 million The Japanese car-maker is no stranger to the firm having worked with it to produce its Cygnet city car - an upmarket version of the Toyota iQ.
The consortium includes Investment Dar and Adeem Investment, two Kuwaiti-based investment funds which together have assets of EUR5.
A consortium, including Investment Dar, David Richards, John Sinders and Kuwaitbased Adeem Investment, bought Aston Martin from Ford in 2007 for pounds 479 million.
As well as Richards, the consortium which bought the luxury car marque from Ford in a pounds 479 million deal includes Aston Martin enthusiast John Sinders and Kuwaiti investment firms Investment Dar and Adeem Investment.
Aston Martin is owned by a consortium of two major international investment houses, Investment Dar and Adeem Investment, based in Kuwait, and led by David Richards.