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Most Popular Legal Definitions
pro rata
Latin, to divide proportionate to a certain rate
or interest.
living will
A document that sets out guidelines for
sublease
The subsequent lease of property that is itself leased; with the primary tenant
retaining an interest in the original lease.
call
demand by a corporation that a stockholder pay an installment or assessment on
shares already owned
capital offense
any criminal charge which is punishable by the death penalty, called "capital"
since the defendant could lose his/her head (Latin for caput); crimes punishable
by death vary from state to state and country to country.
malfeasance
Doing something which is illegal.
construction
The legal process of interpreting a phrase or document.
assumption
act of taking over the liability for a debt as part of a payment for property
which secures that debt
vicarious liability
Sometimes called "imputed liability," attachment of responsibility to a person
for harm or damages caused by another person in either a negligence lawsuit or
criminal prosecution.
agency
relationship of a person (called the agent) who acts on behalf of another
person, company, or government known as the principal