Dictionary of Law
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Founded: 69
casualty loss :: n. in taxation, loss due to damage which qualifies ... mage from water seepage or erosion.
casualty :: n. 1) an accident which could not have been forese ... definition. See also: casualty loss
risk of loss :: n. the responsibility a carrier, borrower or user ... e is damage or loss. See also: risk
hobby loss :: n. in income tax, a loss from a business activity ... educted against annual income only.
loss of consortium :: n. the inability of one's spouse to have normal ma ... ation. See also: consortium damages
loss of use :: n. the inability to use an automobile, premises or ... ding or premises. See also: damages
loss of bargain :: n. the inability to complete a sale or other busin ... ned in a lawsuit. See also: damages
loss :: n. 1) the value placed on injury or damages due to ... t and the income. See also: damages
partner :: n. 1) one of the co-owners and investors in a "par ... ner limited partnership partnership
partnership :: n. a business enterprise entered into for profit w ... partnership partner silent partner
pecuniary :: adj. relating to money, as in "pecuniary loss." ... g to money, as in "pecuniary loss."
property damage :: n. injury to real or personal property through ano ... l value. See also: damages property
product liability :: n. the responsibility of manufacturers, distributo ... e known. See also: warrant warranty
mitigation of damages :: n. the requirement that someone injured by another ... he lease) to mitigate his/her loss.
marital rights :: n. an old-fashioned expression for the rights of a ... also: consortium loss of consortium
mental anguish :: n. mental suffering which includes fright, feeling ... See also: damages mental suffering
net :: : n., adj. the amount of money or value remaining ... or net estate. See also: net estate
no fault insurance :: n: a type of automobile insurance required of car ... ling lawsuits. See also: negligence
oath :: n. 1) a swearing to tell the truth, the whole trut ... ountry. See also: affidavit perjury
rental value :: n. the amount which would be paid for rental of si ... alimony to be paid. See also: rent
subpena duces tecum :: : (suh-pea-nah dooh-chess-take-uhm or dooh-kess-ta ... ng a court order. See also: witness
subchapter S corporation :: n. the choice by a small corporation to be treated ... ing attorney. See also: corporation
speculative damages :: n. possible financial loss or expenses claimed by ... future customers. See also: damages
subrogation :: n. assuming the legal rights of a person for whom ... also: negligence subrogee subrogor
substantial performance :: n. in the law of contracts, fulfillment of the obl ... also: contract specific performance
wrongful termination :: n. a right of an employee to sue his/her employer ... ing an employee's grounds for suit.
wrongful death :: n. the death of a human being as the result of a w ... ual beneficiaries (family members).
special damages :: n. damages claimed and/or awarded in a lawsuit whi ... . See also: damages general damages
service :: n. 1) paid work by another person, either by contr ... ersonal services service of process
limited partnership :: n. a special type of partnership which is very com ... mited liability partner partnership
remedy :: n. the means to achieve justice in any matter in w ... gment provisional remedy settlement
rescue doctrine :: n. the rule of law that if a rescuer of a person h ... to the car grill. See also: damages
restitution :: n. 1) returning to the proper owner property or th ... her a shorter sentence than normal.
savings and loan :: n. a banking and lending institution, chartered ei ... vings into the home finance market.
risk :: n. chances of danger or loss, particularly of prop ... so: assumption of risk risk of loss
prospectus :: n. a detailed statement by a corporation required ... rporation limited partnership stock
libel :: 1) n. to publish in print (including pictures), wr ... libel per se public figure slander
compensatory damages :: n. damages recovered in payment for actual injury ... es punitive damages special damages
compensation :: n. 1) payment for work performed, by salary, wages ... the damage or by one's own insurer.
carryover :: n. in taxation accounting, using a tax year's dedu ... tax liability. See also: carryback
consortium :: n. 1) a group of separate businesses or business p ... oney terms is a difficult question.
contribution :: n. 1) donation to a charity or political campaign. ... f $3,000 from each of his partners.
damages :: n. the amount of money which a plaintiff (the pers ... liquidated damages special damages
conversion :: n. a civil wrong (tort) in which one converts anot ... the crime of theft. See also: theft
carryback :: n. in taxation accounting, using a current tax yea ... tax liability. See also: carryover
capital stock :: n. the original amount paid by investors into a co ... price. See also: corporation stock
appraise :: v. to professionally evaluate the value of propert ... surance claims. See also: appraiser
alimony :: n. support paid by one ex-spouse to the other as o ... ild support divorce spousal support
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."
capital :: 1) n. from Latin for caput, meaning "head," the ba ... count capital assets stock in trade
bankruptcy :: n. a federal system of statutes and courts which p ... y proceedings trustee in bankruptcy
depreciation :: n. the actual or theoretical gradual loss of value ... e early years of use (accelerated).
forfeiture :: n. loss of property due to a violation of law. See ... violation of law. See also: forfeit
inverse condemnation :: n. the taking of property by a government agency w ... e also: condemnation eminent domain
intervene :: v. to obtain the court's permission to enter into ... ntion joinder multiplicity of suits
joint tenancy :: n. a crucial relationship in the ownership of real ... ty property tenancy in common title
joint venture :: n. an enterprise entered into by two or more peopl ... s terminated. See also: partnership
juvenile court :: n. a special court or department of a trial court ... See also: court juvenile delinquent
just compensation :: n. 1) in general a fair and reasonable amount of m ... ation make one whole quantum meruit
insurer :: n. an insurance company which agrees to pay someon ... lled a premium. See also: insurance
insured :: n. 1) the person or entity who will be compensated ... s go to others. See also: insurance
indemnify :: v. to guarantee against any loss which another mig ... r harmless. See also: hold harmless
hidden asset :: n. an item of value which does not show on the boo ... ets on a profit and loss statement.
indemnity :: n. the act of making someone "whole" (give equal t ... or will occur. See also: indemnify
injury :: n. any harm done to a person by the acts or omissi ... nction injunctive relief negligence
insurance :: n. a contract (insurance policy) in which the insu ... t clause Workers' Compensation Acts
insider :: n. someone who has a position in a business or sto ... ange Act. See also: insider trading
libel per se :: n. broadcast or written publication of a false sta ... See also: defamation libel slander