Issue Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Issue, written in plain English, along with examples of how it is used.
What is Issue?
1\. Refers to the children or lineal descendants in blood relation only, only down the line. In this case the “Heirs” are all including cousin, grandparents and so on, who are not the same as lineal descendants. 2. In business and commerce, it refers to the stock or shares of the business 3. It also means the matter or subject of dispute 4. To take out or publish something.
History and Meaning of Issue
Within the legal context, "issue" refers to the direct lineal descendants, i.e., children, grand-children, great-grandchildren, etc. of a particular individual. These descendants are in direct blood relation and can only come from that individual and their spouse, whereas "heirs" can also include those who are related by blood in other ways, such as a cousin or grandparent. In the context of business, "issue" refers to the stock or shares of the company. This term can also refer to the matter or subject of dispute or discussion, and the act of publishing something.
Examples of Issue
- In a will, the "issue" of the deceased may be named as beneficiaries to inherit the estate.
- The issuance of new stock by a company would increase the "issue" of shares in the market.
- During a legal dispute, one party may raise an "issue" with the way evidence was collected by the other party.
- A newspaper may "issue" a retraction or correction of a previously published article.
- In family law, "issue" may be used to refer to the children of a particular marriage.
Legal Terms Similar to Issue
- Heir: Someone who is entitled to inherit the property or assets of an individual who has passed away, not limited to direct descendants.
- Descendant: A person who is related to someone as a child or offspring in any degree.
- Share: A unit of ownership in a company or corporation.
- Probate: The legal process of distributing the assets of a deceased person according to their will, or if there is no will, according to the laws of inheritance.