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Dictionary of Law |
bond :: legal definitionBond - n. 1) written evidence of debt issued by a company with the terms of payment spelled out. A bond differs from corporate shares of stock since bond payments are pre-determined and provide a final payoff date, while stock dividends vary depending on profitability and corporate decisions to distribute. There are two types of such bonds: "registered," in which the name of the owner is recorded by the company and "bearer," in which interest payments are made to whomever is holding the bond. 2) written guaranty or pledge which is purchased from a bonding company (usually an insurance firm) or by an individual as security (called a "bondsman") to guarantee some form of performance, including showing up in court ("bail bond"), properly complete construction or other contract terms ("performance bond"), that the bonded party will not steal or mismanage funds, that a purchased article is the real thing, or that title is good. If there is a failure then the bonding company will make good up to the amount of the bond. Related Law Termsanticipatory breach :: n. when a party to a contract repudiates (reneges ... perform. See also: breach contractarticles of incorporation :: n. the basic charter of a corporation which spells ... year's taxes. See also: corporation attorney's fee :: n. the payment for legal services. It can take sev ... ees in the particular type of case. bail bond :: n. a bond provided by an insurance company through ... urned. See also: bail bail bondsman blue sky laws :: n. laws intended to protect the public from purcha ... e sky." See also: corporation stock capital stock :: n. the original amount paid by investors into a co ... price. See also: corporation stock cashier's check :: n. a check issued by a bank on its own account for ... ansfers, tax payments and the like. common stock :: n. stock in a corporation in which dividends (payo ... oration preferred stock share stock company :: n. any formal business entity for profit, which ma ... s a corporation. See also: business contract :: 1) n. an agreement with specific terms between two ... n oral contract unilateral contract corporation :: n. an organization formed with state governmental ... ation public corporation securities demand :: 1) v. to claim as a need, requirement or entitleme ... pay is made. See also: demand note dividend :: n. a portion of profit, usually based on the numbe ... . See also: corporation shareholder grace period :: n. a time stated in a contract in which a late pay ... the contract, i.e. your insurance. holding company :: n. a company, usually a corporation, which is crea ... gement and policies of all of them. incorporate :: v. 1) to obtain an official charter or articles of ... te by reference incorporation stock installment contract :: n. an agreement in which payments of money, delive ... n contract failure of consideration issue :: 1) n. a person's children or other lineal descenda ... the body incorporation share stock law :: n. 1) any system of regulations to govern the cond ... um maritime law natural law statute lease :: 1) n. a written agreement in which the owner of pr ... triple net lease unlawful detainer leasehold :: n. the real estate which is the subject of a lease ... sehold. See also: condominium lease merger :: n. 1) in corporate law, the joining together of tw ... and taking one, and wife the other. option :: n. a right to purchase property or require another ... ng or upon expiration of the lease. par :: n. 1) an equal level. 2) the face value of a stock ... common stock preferred stock stock preemptive right :: n. the right of a shareholder in a corporation to ... also: corporation shareholder stock preferred stock :: n. a class of shares of stock in a corporation whi ... on stock corporation dividend stock promise :: 1) n. a firm agreement to perform an act, refrain ... so: consideration contract covenant promissory note :: n. a written promise by a person (variously called ... lso: interest obligee obligor usury promotional stock :: n. stock issued in a newly formed corporation and ... assets or money. See also: promoter prospectus :: n. a detailed statement by a corporation required ... rporation limited partnership stock securities :: n. generic term for shares of stock, bonds and deb ... ee also: bond debenture share stock self-dealing :: n. in the stock market, using secret "inside" info ... ederal Securities and Exchange Act. shareholder :: n. the owner of one or more shares of stock in a c ... : corporation shareholders' meeting stock certificate :: n. printed document which states the name, incorpo ... . See also: corporation share stock surety :: n. a guarantor of payment or performance if anothe ... or entity. See also: bond guarantor transfer agent :: n. a person or company retained by a corporation t ... stockbroker. See also: share stock treasury stock :: n. stock of a private corporation which was issued ... be entitled. See also: share stock unissued stock :: n. a corporation's shares of stock which are autho ... poration share stock treasury stock watered stock :: n. shares of stock of a corporation which have bee ... . See also: corporation share stock Popular Law Searcheslegal definition ministerial act :: n. an act, particularly of a governmental employee ... exercising any individual judgment.chancery legal definition :: n. a court that can order acts performed. Today ch ... ts in most states. See also: equity testamentary disposition legal definition :: n. how the terms of a will divide the testator's ( ... named beneficiaries. See also: will contract of sufferance :: n. a "hold-over" tenancy after a lease has expired ... y tenancy at will unlawful detainer forthwith legal definition :: adv. a term found in contracts, court orders and s ... mediacy, with no excuses for delay. forthwith definition legal :: adv. a term found in contracts, court orders and s ... mediacy, with no excuses for delay. what is to wit in a legal contract :: prep. that is to say. Example: "the passengers in ... tty Bumgartner and Sherry Younger." mirror wills legal definition :: n. the wills of a husband and wife which are ident ... d each names the other as executor. clean hands doctrine latin :: n. a rule of law that a person coming to court wit ... ices. See also: affirmative defense sine qua non only relates to contract law :: (see-nay kwah nahn) prep. Latin for "without which ... qua non of the injury to Playmate. Other Law Terms - BBachelor of Laws :: n. the degree in law from a law school, abbreviate ... troactively. See also: Juris Doctorback-to-back life sentences :: n. slang for consecutive life terms imposed by a j ... ther 25 years for a parole hearing. bad debt :: n. an uncollectible debt. The problem is to determ ... ust no income on which to be taxed. bad faith :: 1) n. intentional dishonest act by not fulfilling ... ean hands doctrine fraud good faith bail :: 1) n. the money or bond put up to secure the relea ... bond bail bondsman own recognizance bail bond :: n. a bond provided by an insurance company through ... urned. See also: bail bail bondsman bail bondsman :: n. a professional agent for an insurance company w ... t to jail. See also: bail bail bond bailee :: n. a person, also called a custodian, with whom so ... he goods. See also: bailment bailor bailiff :: n. 1) a court official, usually a deputy sheriff, ... isdictional territory of a bailiff. bailment :: n. 1) the act of placing property in the custody a ... "bailment." See also: bailee bailor bailor :: n. a person who leaves goods in the custody of ano ... is found. See also: bailee bailment bait and switch :: n. a dishonest sales practice in which a business ... rants the costs of a separate suit. balance due :: n. the amount of a debt still owed on an account o ... cipal due without further interest. balance sheet :: n. the statement of the assets and the liabilities ... ctivity and health of the business. bank :: n. 1) an officially chartered institution empowere ... erred to as "in bank" or "en banc." bankruptcy :: n. a federal system of statutes and courts which p ... y proceedings trustee in bankruptcy bankruptcy court :: n. the specialized federal court in which bankrupt ... : bankruptcy bankruptcy proceedings bankruptcy proceedings :: n. the bankruptcy procedure is: a) filing a petiti ... ankruptcy court claim in bankruptcy bar :: 1) n. collectively all attorneys, as "the bar," wh ... a room, building, or real property. bar association :: n. an organization of lawyers. There are two types ... oluntary organization of attorneys. |