Reply: 1.1.1
From: .watto .
Jeremy Laws said...
>"Wrappees take out a caveat on the property"
The definition of "caveat"
caveat was Word of the Day on December 5, 2000.
Source: Dictionary.com Word of the Day
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ca·ve·at Pronunciation Key (kv-t, kv-, käv-ät)
n.
A warning or caution: “A final caveat: Most experts feel that clients get unsatisfactory results when they don't specify clearly what they want” (Savvy).
A qualification or explanation.
Law. A formal notice filed by an interested party with a court or officer, requesting the postponement of a proceeding until the filer is heard.
v. ca·ve·at·ed, or ca·ve·at·ted ca·ve·at·ing, or ca·ve·at·ting ca·ve·ats or ca·ve·ats
v. intr. Law
To enter a caveat.
v. tr. Informal
To qualify with a warning or clarification: The spokesperson caveated the statement with a reminder that certain facts were still unknown.
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[From Latin, let him beware, third person sing. present subjunctive of cavre, to beware.]
Source: The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2000 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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caveat
\Ca"ve*at\, n. [L. caved let him beware, pres. subj. of cavere to be on one's guard to, beware.] 1. (Law) A notice given by an interested party to some officer not to do a certain act until the party is heard in opposition; as, a caveat entered in a probate court to stop the proving of a will or the taking out of letters of administration, etc. --Bouvier.
2. (U. S. Patent Laws) A description of some invention, designed to be patented, lodged in the patent office before the patent right is applied for, and operating as a bar to the issue of letters patent to any other person, respecting the same invention.
Note: A caveat is operative for one year only, but may be renewed.
3. Intimation of caution; warning; protest.
We think it right to enter our caveat against a conclusion. --Jeffrey.
Caveat emptor [L.] (Law), let the purchaser beware, i. e., let him examine the article he is buying, and act on his own judgment.
Source: Webster's Revised Unabridged Dictionary, © 1996, 1998 MICRA, Inc.
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caveat
n 1: a warning against certain acts: "a caveat against unfair practices" [syn: caution] 2: (law) a formal notice filed with a court or officer to suspend a proceeding until filer is given a hearing: "a caveat filed against the probate of a will"
Source: WordNet ® 1.6, © 1997 Princeton University
Exactly what does a caveat give to the wrappee?
Cheers
Watto