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Most Popular Legal Definitions
trial
The resolution of a dispute by examination of
evidence submitted by opposing litigants by a tribunal or Court of law, and
determination of guilt or civil dispute of fact or law.
carryback
In taxation accounting, using a current tax year's deductions, business losses
or credits to re-figure and amend a previously filed tax return to reduce tax
liability.
mandatory sentence
a legislative act requiring certain crimes to be met with at least a minimum
penalty; removes full discretion from judges in certain situations
summation
the final argument of an attorney at the close of a trial in which he or she
attempts to convince the judge of the virtues of the client's case.
falsa demonstratio non nacet
Latin, a wrong description of an item in a legal document will not necessarily
void the gift if it can be determined from other facts.
bad debt
an non-collectible debt
promissory note
An unconditional, written and signed promise to
pay a certain amount of money, on demand or at a defined date.
assured
the person or entity that is insured
arrest
1) to take or hold a suspected criminal with legal authority, as by a law
enforcement office 2) To delay the enforcement of a judgment by a judge while
errors in the record are corrected
punitive damages
Special and highly exceptional damages ordered
by a court against a defendant where the act or omission which caused the suit
was particularly heinous or malicious.