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Dictionary of Law |
Founded: 186 save harmless :: v. 1) also called hold harmless, to indemnify (pro ... . See also: hold harmless indemnify hold harmless :: n. a promise to pay any costs or claims which may ... e other party agrees to cover them. shareholder :: n. the owner of one or more shares of stock in a c ... : corporation shareholders' meeting holdover tenancy :: n. the situation when a tenant of real estate cont ... to a lawsuit for unlawful detainer. holder :: n. a general term for anyone in possession of prop ... older in due course promissory note head of household :: n. 1) in federal income tax law, the person filing ... n or daughter. 3) "head of family." shareholders' agreement :: n. an employment agreement among the shareholders ... re only three or four shareholders. holder in due course :: n. one holding a check or promissory note, receive ... note. See also: bona fide purchaser shareholders' derivative action :: n. a lawsuit by a corporation's shareholders, theo ... gement. See also: derivative action stockholders' derivative action :: n. See also: derivative action shareholders' deriv ... ion shareholders' derivative action harmless error :: n. an error by a judge in the conduct of a trial w ... ar to be harmless." See also: error stockholder :: n. shareholder in a corporation. See also: shareho ... corporation. See also: shareholder stakeholder :: n. a person having in his/her possession (holding) ... ment or agreement. See also: escrow shareholders' meeting :: n. a meeting, usually annual, of all shareholders ... ctors corporation proxy shareholder freehold :: n. any interest in real property which is a life e ... -year variety). See also: leasehold leasehold :: n. the real estate which is the subject of a lease ... sehold. See also: condominium lease holding :: 1) n. any ruling or decision of a court. 2) n. any ... 4) v. keeping in one's possession. holding company :: n. a company, usually a corporation, which is crea ... gement and policies of all of them. household :: n. a family living together, all of whom need not ... r, all of whom need not be related. indemnify :: v. to guarantee against any loss which another mig ... r harmless. See also: hold harmless preferred stock :: n. a class of shares of stock in a corporation whi ... on stock corporation dividend stock primogeniture :: n. from Latin for "first born," the ancient rule f ... oes not exist in the United States. preferred dividend :: n. a payment of a corporation's profits to holders ... of stock. See also: preferred stock priority :: n. the right to be first or ahead of the rights or ... (in the "race to the courthouse"). possess :: v. to own, have title to, occupy, physically hold ... ng the estate. See also: possession pierce the corporate veil :: v. to prove that a corporation exists merely as a ... ling with it. See also: corporation pro rata :: (proh rat-ah or proh ray-tah) adj. from Latin for ... e year in which he/she holds title. possession :: n. 1) any article, object, asset or property which ... ctive possession. See also: possess preemptive right :: n. the right of a shareholder in a corporation to ... also: corporation shareholder stock promotional stock :: n. stock issued in a newly formed corporation and ... assets or money. See also: promoter reconveyance :: n. in those states which use deeds of trust as a m ... conveyance. See also: deed of trust records :: n. in business, particularly corporations, all the ... s to the "records" of the business. register :: n. in corporations, the record of shareholders, an ... corporation. See also: corporation remand :: v. to send back. An appeals court may remand a cas ... ee also: appeal preliminary hearing quorum :: n. the number of people required to be present bef ... ly set by statute. See also: bylaws public trust doctrine :: n. the principle that the government holds title t ... interest has been dubious at best. promoter :: n. a person who puts together a business, particul ... y effort and not by assets or cash. peaceable possession :: n. in real estate, holding property without any ad ... to possession or title by another. proxy :: n. 1) someone who is authorized to serve in one's ... d members and convention delegates. product liability :: n. the responsibility of manufacturers, distributo ... e known. See also: warrant warranty passive :: adj. referring to being inactive. A "passive trust ... ment and interest on bank accounts. mortgage :: n. a document in which the owner pledges his/her/i ... losure notice of default trust deed motion in limine :: (lim-in-nay) n. Latin for "threshold," a motion ma ... o: in limine Miranda warning motion motion to suppress :: n. a motion (usually on behalf of a criminal defen ... eshold." See also: motion in limine monopoly :: n. a business or inter-related group of businesses ... ust laws license restraint of trade minutes :: n. 1) the written record of meetings, particularly ... court reporter if recorded at all. 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 merger :: n. 1) in corporate law, the joining together of tw ... and taking one, and wife the other. murder :: n. the killing of a human being by a sane person, ... premeditation second degree murder negligence :: n. failure to exercise the care toward others whic ... gence per se res ipsa loquitur tort paid into court :: adj. referring to money deposited with the clerk o ... differences. See also: interpleader palimony :: n. a substitute for alimony in cases in which the ... the relationship. See also: alimony remedy :: n. the means to achieve justice in any matter in w ... gment provisional remedy settlement original jurisdiction :: n. the authority of a court to hold a trial, as di ... l judgments. See also: jurisdiction notorious possession :: n. occupation of real property or holding personal ... e is as if the person is the owner. nominal party :: n. a defendant or a plaintiff included in a lawsui ... ed. See also: necessary party party non-contestability clause :: n. an insurance policy provision which requires th ... claim is made by the policyholder. non-profit corporation :: n. an organization incorporated under state laws a ... harity corporation cy pres doctrine payment in due course :: n. the giving of funds to the holder of a promisso ... nds. See also: holder in due course restraint on alienation :: n. an attempt in a deed or will to prevent the sal ... enant rule against perpetuities use trial :: n. the examination of facts and law presided over ... at a hearing held at a later time. trial court :: n. the court which holds the original trial, as di ... a court of appeals. See also: trial trial de novo :: n. a form of appeal in which the appeals court hol ... from small claims court judgments. trust :: n. an entity created to hold assets for the benefi ... testamentary trust trustee trustor treasury stock :: n. stock of a private corporation which was issued ... be entitled. See also: share stock toll :: v. 1) to delay, suspend or hold off the effect of ... bridge or take passage on a ferry. Thirty-day notice :: n. a notice by a landlord to a tenant on a month-t ... e also: landlord and tenant service title insurance :: n. a policy issued by an insurance company guarant ... : chain of title title title search title report :: n. the written analysis of the status of title to ... lso: abstract title title insurance trustee :: n. a person or entity who holds the assets (corpus ... es. See also: settlor trust trustor vested :: adj. referring to having an absolute right or titl ... ed. See also: vest vested remainder adverse possession :: n. a means to acquire title to land through obviou ... o: possession prescriptive easement error :: n. a mistake by a judge in procedure or in substan ... or. See also: harmless error remand accomplice :: n. someone who assists in the commission of a crim ... cipal criminal. See also: accessory winding up :: n. liquidating the assets of a corporation or part ... ration cy pres doctrine partnership waiver :: n. the intentional and voluntary giving up of some ... ssed on the record. See also: waive vicarious liability :: n. sometimes called "imputed liability," attachmen ... r or policeman. See also: liability vigilante :: n. someone who takes the law into his/her own hand ... lester of her child is a vigilante. voting trust :: n. a trust which solicits vote proxies of sharehol ... ation proxy shareholder stockholder tenancy at sufferance :: n. a "hold-over" tenancy after a lease has expired ... y tenancy at will unlawful detainer subject to :: adj. referring to the acquisition of title to real ... : assumption deed of trust mortgage servient estate :: n. real property which has an easement or other us ... See also: dominant estate easement bailment :: n. 1) the act of placing property in the custody a ... "bailment." See also: bailee bailor bailee :: n. a person, also called a custodian, with whom so ... he goods. See also: bailment bailor self-executing :: adj. immediately effective without further action, ... party the right to try to collect. self-dealing :: n. in the stock market, using secret "inside" info ... ederal Securities and Exchange Act. mandate :: n. 1) any mandatory order or requirement under sta ... See also: mandamus writ of mandate resulting trust :: n. a trust implied by law (as determined by a cour ... See also: constructive trust trust bearer :: n. anyone holding something, such as a check, prom ... bearer paper negotiable instrument Bachelor of Laws :: n. the degree in law from a law school, abbreviate ... troactively. See also: Juris Doctor authority :: n. permission, a right coupled with the power to d ... rize ostensible authority principal straw man :: n. 1) a person to whom title to property or a busi ... a trail will mislead hunting dogs). strict liability :: n. automatic responsibility (without having to pro ... bility negligence res ipsa loquitur subchapter S corporation :: n. the choice by a small corporation to be treated ... ing attorney. See also: corporation American Bar Association :: n. the largest organization of American lawyers, w ... go, IL 60611; tel.: (312) 988-5522. arrest :: v. 1) to take or hold a suspected criminal with le ... anda warning probable cause warrant attorney's fee :: n. the payment for legal services. It can take sev ... ees in the particular type of case. 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 reorganization :: n. the implementation of a business plan to restru ... also: bankruptcy corporation merger malice aforethought :: n. 1) the conscious intent to cause death or great ... : first degree murder malice murder defective title :: n. an apparent title to real property which fails ... so: chain of title defect defective deficiency judgment :: n. a judgment for an amount not covered by the val ... o: foreclosure judicial foreclosure demand note :: n. a promissory note which is payable any time the ... allments. See also: promissory note derivative action :: n. a lawsuit brought by a corporation shareholder ... on director shareholder stockholder defamation :: n. the act of making untrue statements about anoth ... comment libel public figure slander defalcation :: v. from Latin for "deduction," withholding or misa ... ailing to make a proper accounting. cumulative voting :: n. in corporations, a system of voting by sharehol ... eholders with 1,001 or more shares. custody :: n. 1) holding property under one's control. 2) law ... inor child. See also: child custody deed of trust :: n. a document which pledges real property to secur ... : foreclosure mortgage reconveyance director :: n. a member of the governing board of a corporatio ... lso: board of directors corporation discount :: n. the payment of less than the full amount due on ... now-the difference is the discount. escrow :: 1) n. a form of account held by an "escrow agent" ... w the deal." See also: escrow agent escrow agent :: n. a person or entity holding documents and funds ... on local practice. See also: escrow escrow instructions :: n. the written instructions by buyer and seller of ... ir agents. See also: closing escrow failure of consideration :: n. not delivering goods or services when promised ... n. See also: consideration contract equitable lien :: n. a lien on property imposed by a court in order ... lso: constructive trust equity lien endorsement :: (indorsement)n. 1) the act of the owner or payee s ... te. See also: negotiable instrument dividend :: n. a portion of profit, usually based on the numbe ... . See also: corporation shareholder duress :: n. the use of force, false imprisonment or threats ... pardoned by President Jimmy Carter. emancipation :: n. freeing a minor child from the control of paren ... vorced parent to pay child support. cruelty to animals :: n. the crime of inflicting physical pain, sufferin ... danger of death. See also: cruelty covenant :: 1) n. a promise in a written contract or a deed of ... o compete deed restrictive covenant close corporation :: n. a corporation which is permitted by state law t ... mily members. See also: corporation closing :: n. the final step in the sale and purchase of real ... company, escrow holder or attorney. commingling :: n. the act of mixing the funds belonging to one pa ... rust accounts for funds of another. common stock :: n. stock in a corporation in which dividends (payo ... oration preferred stock share stock clear title :: n. holding ownership of real property without any ... s which might affect the ownership. circuit courts :: n. a movable court in which the judge holds court ... alled the Circuit Courts of Appeal. call :: n. the demand by a corporation that a stockholder ... assessment on shares already owned. cease and desist order :: n. an order of a court or government agency to a p ... ing which would damage the ecology. certificate of title :: n. generally, the title document for a motor vehic ... a "pink slip." See also: pink slip community property :: n. property and profits received by a husband and ... and distribution separate property consignee :: n. a person or business holding another's goods fo ... designated agent. See also: consign 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 cotenant :: n. one who holds an interest in real property toge ... or more others. See also: cotenancy coroner :: n. a county official with the responsibility to de ... hology. See also: forensic medicine conversion :: n. a civil wrong (tort) in which one converts anot ... the crime of theft. See also: theft constructive :: adj. a legal fiction for treating a situation as i ... ctive possession constructive trust constructive trust :: n. when a person has title to property and/or take ... tence. See also: constructive trust contingent remainder :: n. an interest, particularly in real estate proper ... contingent interest future interest fair comment :: n. a statement of opinion (no matter how ludicrous ... amation libel public figure slander false arrest :: n. physically detaining someone without the legal ... sment. See also: false imprisonment judge advocate :: n. a military officer with legal training who has ... ourt-martial judge advocate general kidnapping :: (also spelled kidnaping) n. the taking of a person ... but now applies to adults as well. land :: n. real property, real estate (and all that grows ... See also: real estate real property leading :: 1) v. short for "leading the witness," in which th ... tness leading the witness objection JD :: n. short for Juris Doctor, identifying the holder ... law degree. See also: Juris Doctor inter se :: (in-tur say)prep. Latin for "among themselves," me ... or only to the trustees as a group. information :: n. an accusation or criminal charge brought by the ... Jury indictment preliminary hearing insolvency :: n. 1) the condition of having more debts (liabilit ... the property. See also: bankruptcy inspection of documents :: n. the right to examine and copy the opposing part ... evidence subpena duces tecum trial lease :: 1) n. a written agreement in which the owner of pr ... triple net lease unlawful detainer accommodation :: n. 1) a favor done without compensation (pay or co ... ke a deal work. See also: guarantor liquidate :: v. to sell the assets of a business, paying bills ... other investors. See also: wind up magistrate :: n. 1) a generic term for any judge of a court, or ... ce of the peace preliminary hearing buy-sell agreement :: n. a contract among the owners of a business which ... older's interest in the enterprise. limited liability :: n. the maximum amount a person participating in a ... ted damages partnership shareholder lienor :: n. a person who holds a lien on another's property ... s property or funds. See also: lien legal separation :: n. a court-decreed right to live apart, with the r ... n is rarely used. See also: divorce levy :: 1) v. to seize (take) property upon a writ of exec ... heriff's sale tax writ of execution libel :: 1) n. to publish in print (including pictures), wr ... libel per se public figure slander incorporate :: v. 1) to obtain an official charter or articles of ... te by reference incorporation stock in limine :: (in lim-in-ay) from Latin for "at the threshold," ... otion. See also: motion to suppress bond :: n. 1) written evidence of debt issued by a company ... good up to the amount of the bond. garnish :: v. to obtain a court order directing a party holdi ... ed. See also: garnishee garnishment garnishment :: n. the entire process of petitioning for and getti ... heriff. See also: garnish garnishee Grand Jury :: n. a jury in each county or federal court district ... arge indictment preliminary hearing forum :: n. a court which has jurisdiction to hold a trial ... f a particular lawsuit or petition. felony murder doctrine :: n. a rule of criminal statutes that any death whic ... arged with murder. See also: murder false imprisonment :: n. depriving someone of freedom of movement by hol ... for damages. See also: false arrest family :: n. 1) husband, wife and children. 2) all blood rel ... ting this economic and social unit. fee tail :: n. an old feudal expression for a title to real pr ... rest only. See also: fee fee simple grant :: v. to transfer real property from a title holder ( ... deed grantee grantor quitclaim deed habeas corpus :: (hay-bee-us core-puss) n. Latin for "you have the ... nality of a state court conviction. homestead :: 1) n. the house and lot of a homeowner which the h ... s in "he homesteaded the property." hostile possession :: n. occupancy of a piece of real property coupled w ... verse possession quiet title action in fee simple :: adj. referring to holding clear title to real prop ... property. See also: fee fee simple bill :: n. 1) what is commonly called a "check" by which t ... ions, which is falling into disuse. board of directors :: n. the policy managers of a corporation or organiz ... he expertise. See also: corporation bona fide purchaser :: n. commonly called BFP in legal and banking circle ... See also: BFP holder in due course hearing :: n. any proceeding before a judge or other magistra ... e hearing preliminary hearing trial bona fide :: adj. Latin for "good faith," it signifies honesty, ... t doubt on the right to hold title. mandamus :: (man-dame-us) n. Latin for "we order," a writ (mor ... mandamus. See also: writ of mandate |