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The inability of a person to pay his bills as they become due.Developed in 1973 by mathematicians Fisher Black and Myron Scholes to determine the value or pricing of a stock option.See Custody--Legal and Custody--Physical Child Support. Court-ordered payments from the non-custodial parent to the custodial parent that are not tax deductible by the non-custodial parent, nor includable in the custodial parent's taxable income.State agencies established under federal Social Security Act under Title IV-D entitled “Child Support and Paternity Establishment”, known as IV-D agencies, to collect data, establish parentage, if necessary, and collect child support; initially for welfare recipients, later expanded to include non-welfare cases.Violations can lead to warnings, fines, suspensions, and even license revocation.Central Authority is the Department of State’s Office of Children’s Issues.The systematic and comprehensive analysis of the value, price or worth of an asset by examining the characteristics of the particular asset in comparison with similar or comparable assets that have been sold on dates as close as possible to the date of the analysis.
In these cases, lawyers must substitute their own judgment on obvious matters such as protecting a child's bank account from an untrustworthy parent.
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