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Most Popular Legal Definitions
ransom
Money paid to have a kidnapped person released.
innocent passage
A term of international maritime law referring to a ship's right to enter and
pass through a coastal state's territorial water as long as it is not
prejudicial to the peace and order of the coastal state.
appraiser
a professional who makes appraisals of the value of property
administrative law
procedures created by administrative agencies involving rules, regulations,
applications, licenses, permits, available information, hearings, appeals and
decision-making.
attorney-client privilege
requirement that an attorney may not reveal
communications, conversations and letters between himself/ herself and his/her
client, under the theory that a person should be able to speak freely and
honestly with his/her attorney without fear of future revelation
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.
abscond
1) To leave a jurisdiction to avoid being served with legal papers or being
arrested. 2) A surprise departure with funds or goods that have been stolen.
cite
1) To make reference to a decision in another case to make a legal point in
argument. 2) To give notice of being charged with a minor crime and a date for
appearance in court to answer the charge rather than being arrested.
fraudulent conveyance
A transfer of an interest in property done with intent to defeat creditors or
others of their just and lawful entitlements.
lex causae
Latin, law of the cause. The law which has precedence, where there is a conflict
of laws, to dispose of an action.