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Most Popular Legal Definitions
abstract of judgement
A written summary of a judgment which states how much money the losing party
owes to the person who won the lawsuit, the rate of interest that amount is
subject to, and any specific orders that the losing party must obey.
suit
Generic term for any filing of a complaint (or
petition) asking for legal redress by judicial action.
nemo debet locupletari ex aliena jactura
Latin, no one should be enriched by another's loss.
interim order
A temporary court order until the court has had
an opportunity of hearing the full case and make a final order.
nuisance
The unreasonable, unwarranted and/or unlawful use of property, which causes
inconvenience or damage to others, either to individuals and/or to the general
public.
sustain
In trial practice, for a judge to agree that an attorney's objection, such as a
question, is valid.
share
A portion for a for-profit corporation bought by cash.
book value
A determination of the value of a corporation's stock by adding up the stated
value of corporate assets as shown on the books (records) of a corporation and
deducting all the liabilities (debts) of the corporation. This may not be the
true value of the corporation or its shares since the assets may be under- or
over-valued.
equity
A branch of English law which developed hundreds of years ago when litigants
would go to the King and complain of harsh or inflexible rules of common law
which prevented justice from prevailing
clean hands doctrine
A rule of law that a person coming to court with a lawsuit or petition for a
court order must be free from unfair conduct (have "clean hands" or not have
done anything wrong) in regard to the subject matter of his/her claim.