The Permanent University Fund, which has assets of more than $5 2 billion It began over 100 years ago when the Texas Legislature set aside more than two million acres (primarily in west Texas) as a permanent capital endowment for the support of a state university In 1923, an oil well on this barren land "came a gusher" and became the foundation for the PUF Royalties from oil and gas operations on PUF lands have declined steadily in recent years
abnormally distended especially by fluids or gas; "hungry children with bloated stomachs"; "he had a grossly distended stomach"; "eyes with puffed (or puffy) lids"; "swollen hands"; "tumescent tissue"; "puffy tumid flesh"
If you are puffed or puffed out, you are breathing with difficulty because you have been using a lot of energy. Do you get puffed out running up and down the stairs? = breathless. breathing quickly because you have been using a lot of energy
Exaggerated or superlative comments or opinions not made as representations of fact and thus not grounds for misrepresentation, such as, "This property is a real good buy " One test used is whether a reasonable person would have relied on the statement A statement such as, "The apartment has a fantastic view, " is puffing because the prospective buyer can clearly assess the view for himself or herself, whereas a statement such as "The apartment has a fantastic view of the lake," when in fact all its windows face the street, would be misrepresentation (See caveat emptor, misrepresentation)
Non-factual or extravagant statements and opinions made to enhance the perceived desirability of a property The is a fine line between legal puffing and illegal misrepresentation, and puffing is best avoided An example of puffing would be, "This home has the best view in the city" Also known as Puffery
Exaggerated or superlative comments or opinions not made as representations of fact and thus not a grounds for misrepresentation A statement such as "the apartment has a fantastic view," is puffing because the prospective buyer can clearly assess the view in each case
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