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Most Popular Legal Definitions
legislative branch
The elected law-making branch of government.
amortalization
periodic payment plan to pay a debt in which the interest and a portion of the
principal are included in each payment by an established mathematical formula;
by figuring the interest on the declining principal and the number of years of
the loan, the monthly payments are averaged and determined; since the main
portion of the early payments is interest, the principal does not decline
rapidly until the latter stages of the loan term; if the amortization leaves a
principal balance at the close of the time for repayment, this final lump sum is
called a "balloon" payment
pension
A private or government fund, from which regular
benefits and stipends are paid to a person upon their retirement or
disability.
marshal
similar to a sheriff; a United States officer whose duty is to carry out the
process of the courts
alibi
In Latin, it means "in another place;" taken as an excuse used by a person
accused or suspected of a crime.
subordination
To be subject to the orders or direction of
another; of lower rank
T.R.O.
Legal slang for temporary restraining order.
Back to back life sentence
slang for consecutive life terms; this differs from two concurrent life
sentences which allows the defendant to serve time for each simultaneously
agreed statement
statement in which the two parties on opposite
sides of a lawsuit or on an appeal from a trial judgment will agree upon certain
facts and sign a statement to be used in court
supremacy clause
found in article VI section 2 of the US Constitution, it is the premise for the
federal government--and thus federal law--to act as the "supreme law of the
land" and maintain power over the collective states