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Dictionary of Law |
issue :: legal definitionIssue - 1) n. a person's children or other lineal descendants such as grandchildren and great-grandchildren. It does not mean all heirs, but only the direct bloodline. Occasionally, there is a problem in determining whether a writer of a will or deed meant issue to include descendants beyond his or her immediate children. While a child or children are alive, issue refers only to them, but if they are deceased then it will apply to the next living generation unless there is language in the document which shows it specifically does not apply to them. 2) n. any matter of dispute in a legal controversy or lawsuit, very commonly used in such phrases as "the legal issues are," "the factual issues are," "this is an issue which the judge must decide," or "please, counsel, let us know what issues you have agreed upon." 3) v. to send out, promulgate, publish or make the original distribution, such as a corporation selling and distributing shares of stock to its initial investors. 4) n. the shares of stock or bonds of a corporation which have been sold and distributed. See also: bond corporation heirs of the body incorporation share stock and Related Law Terms ↓ Related Law Termsappeal :: 1) v. to ask a higher court to reverse the decisio ... ng, as in "he has filed an appeal."articles of incorporation :: n. the basic charter of a corporation which spells ... year's taxes. See also: corporation Attorney General :: n. in each state and the federal government the hi ... izenry. See also: Solicitor General bankruptcy :: n. a federal system of statutes and courts which p ... y proceedings trustee in bankruptcy blue sky laws :: n. laws intended to protect the public from purcha ... e sky." See also: corporation stock bond :: n. 1) written evidence of debt issued by a company ... good up to the amount of the bond. capital stock :: n. the original amount paid by investors into a co ... price. See also: corporation stock cartel :: n. 1) an arrangement among supposedly independent ... Colombia. See also: antitrust laws child custody :: n. a court's determination of which parent, relati ... pport custody divorce joint custody common stock :: n. stock in a corporation in which dividends (payo ... oration preferred stock share stock complaint :: n. the first document filed with the court (actual ... g prayer service of process summons constructive notice :: n. a fiction that a person got notice even though ... personally. See also: constructive corporate opportunity :: n. a business opportunity which becomes known to a ... ative action fiduciary relationship corporation :: n. an organization formed with state governmental ... ation public corporation securities de facto corporation :: n. a company which operates as if it were a corpor ... also: de facto de jure ultra vires distribute :: v. 1) the dividing up of those assets of an estate ... and distribution probate trust will dividend :: n. a portion of profit, usually based on the numbe ... . See also: corporation shareholder equal protection of the law :: n. the right of all persons to have the same acces ... laws." See also: due process of law foreign corporation :: n. a corporation which is incorporated under the l ... tate or Whoopee's designated agent. general partner :: n. 1) usually one of the owners and operators of a ... ted partnership partner partnership heir :: n. one who acquires property upon the death of ano ... y pretermitted heir succession will in kind :: adj. referring to payment, distribution or substit ... . See also: distribution trust will in terrorem clause :: (in tehr-roar-em)n. from Latin for "in fear," a pr ... e gift. See also: will will contest incorporate :: v. 1) to obtain an official charter or articles of ... te by reference incorporation stock irrelevant :: adj. not important, pertinent, or germane to the m ... ce immaterial incompetent objection joinder of issue :: n. that point in a lawsuit when the defendant has ... matters are to be decided by trial. joint custody :: n. in divorce actions, a decision by the court (of ... em. See also: child custody divorce judge :: 1) n. an official with the authority and responsib ... ice justice of the peace magistrate jury :: n. one of the remarkable innovations of the Englis ... hallenge sequester venire voir dire last clear chance :: n. a rule of law in determining responsibility for ... contributory negligence negligence law :: n. 1) any system of regulations to govern the cond ... um maritime law natural law statute law book :: n. any of numerous volumes dealing with law, inclu ... : common law law Shepardize statute libel :: 1) n. to publish in print (including pictures), wr ... libel per se public figure slander limited partnership :: n. a special type of partnership which is very com ... mited liability partner partnership malpractice :: n. An act or continuing conduct of a professional ... eed. See also: errors and omissions maxims :: n. a collection of legal truisms which are used as ... e and the ordinary habits of life." motion for a summary judgment :: n. a written request for a judgment in the moving ... strict procedures. See also: motion non-profit corporation :: n. an organization incorporated under state laws a ... harity corporation cy pres doctrine no-par stock :: n. shares in a corporation which are issued withou ... re stated on the stock certificate. object :: 1) v. to ask the court not to allow a particular q ... he contract..." See also: objection par :: n. 1) an equal level. 2) the face value of a stock ... common stock preferred stock stock per stirpes :: (purr stir-peas) adj. Latin for "by roots," by rep ... descent and distribution trust will precedent :: 1) n. a prior reported opinion of an appeals court ... to perform. See also: stare decisis 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 process :: n. in law, the legal means by which a person is re ... service of process subpena summons 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 search warrant :: n. a written order by a judge which permits a law ... ble cause search search and seizure 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. share :: n. 1) a portion of a benefit from a trust, estate, ... n issue of the corporation's stock. shareholder :: n. the owner of one or more shares of stock in a c ... : corporation shareholders' meeting stock :: 1) n. inventory (goods) of a business meant for sa ... siness. See also: share shareholder stock certificate :: n. printed document which states the name, incorpo ... . See also: corporation share stock stock option :: n. the right to purchase stock in the future at a ... hares. See also: option share stock summary adjudication of issues :: n. a court order ruling that certain factual issue ... is made. See also: summary judgment summary judgment :: n. a court order ruling that no factual issues rem ... tion summary adjudication of issues 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 trial :: n. the examination of facts and law presided over ... at a hearing held at a later time. trust :: n. an entity created to hold assets for the benefi ... testamentary trust trustee trustor 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 winding up :: n. liquidating the assets of a corporation or part ... ration cy pres doctrine partnership 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 - Ii.e. :: prep. abbreviation for id est, which is Latin for ... "e.g.," which means "for example."illegal :: 1) adj. in violation of statute, regulation or ord ... . See also: alien illegal immigrant illegal immigrant :: n. an alien (non-citizen) who has entered the Unit ... ion date of a visa. See also: alien illusory promise :: n. an agreement to do something that is so indefin ... he may have thought was a contract. immaterial :: adj. a commonly heard objection to introducing evi ... ons. See also: irrelevant objection immediately :: adv. 1) at once. 2) in orders of the court or in c ... oon as can be done" without excuse. immunity :: n. exemption from penalties, payments or legal req ... ws. See also: governmental immunity impanel :: v. to select and install a jury. See also: impanel ... l a jury. See also: impaneling jury impaneling :: n. the act of selecting a jury from the list of po ... e juror jury panel venire voir dire impeach :: v. 1) to discredit the testimony of a witness by p ... ve been found guilty by the Senate. impeachment :: n. 1) discrediting a witness by showing that he/sh ... the trial itself. See also: impeach impleader :: n. a procedural device before trial in which a par ... than having two suits in a series. implied :: adj., adv. referring to circumstances, conduct or ... nt implied consent implied warranty implied consent :: n. consent when surrounding circumstances exist wh ... aybe" or "later." See also: implied implied contract :: n. an agreement which is found to exist based on t ... : contract express contract implied implied covenant of good faith and fair dealing :: n. a general assumption of the law of contracts, t ... -long employment. See also: implied implied warranty :: n. an assumption at law that products are "merchan ... er. See also: caveat emptor implied impossibility :: n. when an act cannot be performed due to nature, ... cel) a contract. See also: contract impotence :: n. the male's inability to copulate. Impotence can ... eans inability to produce children. impound :: v. 1) to collect funds, in addition to installment ... cases. See also: forfeit forfeiture |