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Most Popular Legal Definitions

sprinkling trust

Discretion given to a trustee to distribute income from a trust fund disproportionately between beneficiaries.

premises liability

The liability of an occupier of real estate towards injury to others.

ancillary jurisdiction

term used in federal courts when the court decides matters not normally under federal jurisdiction so that it can give a judgment on the entire controversy, the main issue at hand is a federal matter which it is authorized by law to determine

lessor

The person who grants a lease, usually the owner of the thing leased.

subrogation

 Assuming the legal rights of a person for whom expenses or a debt has been paid. Typically, subrogation occurs when an insurance company which pays its insured client for injuries and losses then sues the party which the injured person contends caused he damages to him/her.

security deposit

Money paid to another to be held as security for the occurrence of a specified event.

vest

To give an absolute right to title or ownership.

spy/spies

A person who acts clandestinely or on false pretenses to endeavour to obtain information of or within another state with the intention of communicating or selling it to others.

inter alia

Latin, meaning 'among other things.'

accommodation

1) a favor done without compensation, such as a signature guaranteeing payment of a debt, sometimes called an accommodation endorsement 2) compromising with an for the sake of resolution