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Most Popular Legal Definitions

cartel

1) An arrangement among supposedly independent corporations or national monopolies in the same industrial or resource development field organized to control distribution, set prices, reduce competition, and sometimes share technical expertise. Often the participants are multinational corporations which operate across numerous borders and have little or no loyalty to any home country, and great loyalty to profits.

conditional sentence

a sentence of a person convicted of a crime which allows that person to serve his sentence within their community, subject to supervision and reporting, and fully recoverable in the event of breach of those conditions

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.

money laundering

the process of legitimizing illegal money without paying applicable taxes

sum certain

A specific amount stated in a contract or negotiable instruments at the time the document is written.

ways and means

committee found in the US house of representatives and some states that determines many--if not all--aspects of funding and fiscal decision-making 

adoption

the taking of a child into one's family, creating a parent to child relationship, and giving him or her all the rights and privileges of one's own child

supreme court

The highest court in the United States which has the ultimate power to decide constitutional questions and other appeals.

constructive total loss

Insured property that has been abandoned because its actual total loss appears to be unavoidable, or because it could not be preserved or repaired without an expenditure which would exceed its value.

clear and present danger

The doctrine established in an opinion written by Oliver Wendell Holmes, Jr. in Schenk vs. United States (1919) which is used to determine if a situation creates a threat to the public, individual citizens or to the nation. If so, limits can be placed on First Amendment freedoms of speech, press or assembly.