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Most Popular Legal Definitions

puisne

Junior or lower in rank.

defense

the establishment of a case or position in opposition to allegations or attacks

fiduciary

A legal duty of loyalty and faithfulness towards another.

decedent

an individual who has died

common law

judge-declared law; law which exists and applies to a group on the basis of customs and legal precedents developed over hundreds of years in Britain

redemption

Buying back.

controlled substance

a drug or other entity whose usage is governed by law

basis

the original cost of an asset to be used to determine the amount of capital gain tax upon its sale; an "adjusted basis" includes improvements, expenses, and damages between the time the original basis (price) is established and transfer of the asset; "stepped up basis" means that the original basis of an asset will be stepped up to current value at the time of the death of the owner, and thus keep down capital gain taxes if the beneficiary of the dead person sells the asset

bribery

 the crime of giving or taking money or some other valuable item in order to influence a person, usually a public official, in the performance of their duties

uninsured motorist clause

The clause in a policy of insurance on an automobile which provides that if the owner of the automobile is injured by a negligent driver of another vehicle who does not have liability insurance.