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Most Popular Legal Definitions
de facto
Latin, exists "in fact", term used to indicate
something already done or established
third party
A person who is not a party to a contract or a transaction, but has an
involvement.
second degree murder
a non-premeditated killing, resulting from an
assault in which the death of the victim was a distinct
possibility.
nugatory
Of no force or effect; invalid.
ad seriatim
Latin for "one after another"
cancel
to cross out, annul, destroy, void or rescind a document
collateral source rule
a rule of tort law which holds that the tort-feasor is not allowed to deduct
from the amount he or she would be held to pay to the victim of the tort, any
goods, services or money received by that victim from other 'collateral' sources
as a result of the tort
certificate of deposit (CD)
A document issued by a bank in return for a deposit of money which pays a fixed
interest rate for a specified period. Interest rates on CD's are usually higher
than savings accounts because banking institutions require a commitment to leave
money in the CD for a fixed period of time.
after-acquired title
title to property acquired after the owner attempts to sell or or transfer the
title to another person before they actually got legal title; when the title is
acquired by the seller in this paper shuffle, title automatically goes to the
person to whom it was sold, passing through the person who acquired the title on
it's way to the buyer
accident
a sudden or unexpected event that occurs without foresight. For example, a car
accident