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Most Popular Legal Definitions
conciliation
a form of alternate dispute resolution in which a neutral third-party hears both
sides and then issues a non-binding suggested resolution
audit
examination by a trained accountant of the financial records of a business or
governmental entity, including; noting improper or careless practices,
recommendations for improvements, and a balancing of the books.
accrue
1) growing or adding to, such as interest on a debt or investment which
continues to accumulate 2) the manifestation of the right to bring forth a
lawsuit, for example; the right to sue on a contract only accrues when the
contract is breached.
royalties
payments based on usage from one individual or party to another, usually based
on a prescribed fee or agreement
bail bond
bond provided by an insurance company through a bail bondsman acting as agent
for the company, to secure the release from jail of an accused defendant pending
trial
trade secret
A process, method, plan, formula or other
information unique to a manufacturer, which gives it an advantage over
competitors.
annul
to reduce or to be made void
shareholder
Persons who own a share of a for-profit corporation.
burglary
the crime of breaking and entering into a structure for the purpose of
committing a crime
estate law
A term used by the law to describe that part of
the law which regulates wills, probate and other subjects related to the
distribution of a deceased person's estate