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Most Popular Legal Definitions
canon law
Laws and regulations over ecclesiastical matters developed between circa 1100
-1500 and used by the Roman Catholic Church in reference to personal morality,
status and powers of the clergy, administration of the sacraments and church and
personal discipline.
legalese
Language containing an excessive amount of legal terminology or of legal jargon.
matrimonial asset
An asset owned by one or both of two persons who
are married to one another which, upon the application of one of the spouses to
a court, is subject to division between
them.association
any group of people who have joined together for a particular purpose, ranging
from social to business, and usually meant to be a continuing organization
kin
A blood or marriage relative; 'next of kin' refers to the closest relative
sublicense
The grant by a licensee of certain licensed
rights to a third party.
book value
A determination of the value of a corporation's stock by adding up the stated
value of corporate assets as shown on the books (records) of a corporation and
deducting all the liabilities (debts) of the corporation. This may not be the
true value of the corporation or its shares since the assets may be under- or
over-valued.
bailiff
1) a court official, usually a deputy sheriff, who keeps order in the courtroom
and handles various errands for the judge and clerk 2) in some jurisdictions, a
person appointed by the court to handle the affairs of an incompetent person
defalcation
1. defaulting on a debt or other obligation such to account for public or trust
funds; usually used in the context of public officials. 2. defalcation has
another legal meaning referring to the setting-off of two debts owed between two
people by the agreement to a new amount representing the balance
caveat emptor
Latin for "let the buyer beware." The basic premise that the buyer buys at
his/her own risk and therefore should examine and test a product himself/herself
for obvious defects and imperfections.