Conferrable Meaning: Definition, Examples, and Translations
๐
conferrable
[kษnหfษrษbษl ]
Definition
legal terminology
Conferrable refers to the ability or potential for a right, power, or privilege to be granted or bestowed to someone. In legal contexts, this term is commonly used to describe interests that can be transferred from one party to another, often seen in discussions regarding ownership rights, contractual obligations, or statutory permissions. It implies a formal process where the authorized entity can confer certain rights or benefits to another party, thereby altering the rights and responsibilities associated with those interests.
Synonyms
assignable, bestowable, granted, transferable.
Examples of usage
- The conferrable rights were outlined in the contract.
- Only the board has conferrable powers to issue new shares.
- The conferrable privileges under this law are significant.
- Her conferrable authority allows her to make decisions on behalf of the company.
Translations
To see the translation, please select a language from the options available.
Interesting Facts
Legal Context
- In legal terms, conferrable rights refer to privileges that can be granted by a governing body or authority.
- Certain licenses or certifications are conferrable to ensure that specific standards are met by recipients.
- Conferrable powers can include authority given to officials or organizations in the governance framework.
Education
- In academic settings, conferrable degrees are awarded to students upon the completion of necessary coursework.
- Scholarships can also be conferrable, allowing institutions to offer financial aid to students based on merit or need.
- Certain honors, like cum laude distinctions, are conferrable based on academic performance.
Business and Management
- In HR, conferrable benefits are perks an employer can offer to employees, enhancing job satisfaction.
- Leadership roles often come with conferrable rights, enabling leaders to make decisions and delegate tasks.
- Brand licenses are conferrable, allowing companies to expand and share their trademarks with partners.
Origin of 'conferrable'
Main points about word origin
- The word originated from the Latin 'conferre', meaning 'to bring together' or 'to compare'.
- It combines 'con-' (together) and 'ferre' (to carry), literally meaning 'to carry together' or 'to bring things together'.
- The suffix '-able' indicates the ability to do somethingโhence, something that can be conferred.
The term 'conferrable' originates from the Latin verb 'conferre', meaning 'to bring together' or 'to grant'. The prefix 'con-' signifies 'together' or 'with', while 'ferre' translates to 'to carry' or 'to bear'. This compound suggests the action of carrying rights or privileges from one entity to another. The first recorded use in English dates back to the late 19th century, where it was primarily utilized in legal literature to address the transfer of rights and privileges in various contexts, such as property law and contractual agreements. Over time, its usage expanded into broader discussions involving authority and the delegation of responsibilities. The word encapsulates a formal and often procedural aspect of rights allocation, emphasizing the significance of legal frameworks in the process of conferring benefits.