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Key definition

Bear definition

What does Bear mean? In legal and financial practice, a bear is a market participant who expects the price of particular securities or the wider market to fall and may position accordingly (for example, via short selling or put options). The term is market jargon rather than a defined concept in legislation or case law, but is widely used in capital markets, investment management and securities litigation. A bear market describes a period of broadly declining prices; there is no fixed legal threshold. Adjectival forms include bearish (pessimistic on price direction) and bear market. For practitioners, the concept matters when advising on: - Short selling, derivatives...

Sale costs on property gifted by Will: estate or beneficiaries?

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The burden of costs in connection with legacies depends on the type of legacy.

For a discussion of the various types of legacy, refer to the further reading link to Williams on Wills, Part H, Contents of Wills, Chapter 30: Legacies. From that extract, a gift of property constitutes a specific legacy if it comprises particular property that forms part of the testator’s estate at death, is described with sufficient precision to be identified, and is set apart from the testator’s estate in general...

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Web page updated on 27/05/2026

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