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Most Popular Legal Definitions
tenancy
A contract by which the owner of the property grants exclusive possession of
that property to another person, in exchange for the tenant's periodic payment
of money (rent).
sub judice
A matter that is still under consideration by a
court.
lease
A special kind of contract between a property
owner and a person wanting temporary enjoyment and exclusive use of the
property, in exchange for rent paid.
advocacy
act of favoring or supporting a body of work or individual
ad seriatim
Latin for "one after another"
sixth amendment
A 1791 amendment to the American Constitution guaranteeing fundamental rights in
criminal proceedings such as speedy trial, impartiality, public evidence of
witnesses and a right to a lawyer.
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.
specific deterrence
Deterrence, as an objective of sentencing, which is fit to a particular
offender.
void
referring to a statue, contract, ruling or anything which is null and of no
effect. A law or judgment found by an appeals court to be unconstitutional is
void, a rescinded (mutually canceled) contract is void, and a marriage which has
been annulled by court judgment is void.
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