Exordium Clause

Filed Under: ,
Dictionary Says

Definition of 'Exordium Clause'


A clause most often at the opening of a will that declares that the document is a will and effectively lays out to the readers a few basic premises upon which the rest of the document is based. Contents of an exordium clause are likely to include:

1. Identity of the person who has left the will.
2. The name of the place of residence of that person.
3. A revocation of all previous wills made by that person existing before the date that the current will was produced.
4. Declaration that the current document is the will belonging to the named person.


Investopedia Says

Investopedia explains 'Exordium Clause'


The exordium clause may also include an identification of certain relatives of the person who passed away and a list of the beneficiaries of the will. The clause serves to arrange the arguments for the will and identify the people and entities that are likely to play a key role in the procedures to follow.

comments powered by Disqus
Hot Definitions
  1. Momentum Investing

    An investment strategy that aims to capitalize on the continuance of existing trends in the market. The momentum investor believes that large increases in the price of a security will be followed by additional gains and vice versa for declining values.
  2. IPO ETF

    An exchange-traded fund that focuses on stocks that have recently held an initial public offering (IPO). The underlying indexes tracked by IPO ETFs vary from one fund manager to another, but index IPO ETFs are usually passively managed and contain equities that have recently been offered to the public.
  3. IPO ETF

    An exchange-traded fund that focuses on stocks that have recently held an initial public offering (IPO). The underlying indexes tracked by IPO ETFs vary from one fund manager to another, but index IPO ETFs are usually passively managed and contain equities that have recently been offered to the public.
  4. Maritime Law

    A body of laws, conventions and treaties that governs international private business or other matters involving ships, shipping or crimes occurring on open water.
  5. Maritime Law

    A body of laws, conventions and treaties that governs international private business or other matters involving ships, shipping or crimes occurring on open water.
  6. Lending Freeze

    A period of time when banks either do not have excess money to loan or implement strict rules regarding loan qualification so that less lending is approved.
Trading Center