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Most Popular Legal Definitions
lessor
The person who grants a lease, usually the owner of the thing leased.
surety
A guarantor of payment or performance if another
fails to pay or perform, such as a bonding company which posts a bond for a
guardian, an administrator or a building contractor.
abscond
1) To leave a jurisdiction to avoid being served with legal papers or being
arrested. 2) A surprise departure with funds or goods that have been stolen.
blackmail
the crime of threatening to reveal embarrassing, disgraceful or damaging facts
(or rumors) about a person to the public, family, spouse or associates unless
paid off to not carry out the threat
champerty
An agreement between the party suing in a lawsuit and another person, usually an
attorney, who agrees to finance and carry the lawsuit in return for a percentage
of the recovery.
stockholder
shareholder in a corporation
covenant
written document in which signatories either
commit themselves to do a certain thing, to not do a certain thing or in which
they agree on a certain set of facts
admission
1. statement made by a party to a lawsuit or a criminal defendant that certain
facts are true. 2. accepting the truth of an argument not previously proven 3.
the granting of permission as in to enter or act in a certain function 4.
agreement to a statement made by another
summons
a document issued by the court at the time a lawsuit is filed, stating the name
of both plaintiff and defendant, the title and file number of the case, the
court and its address, the name and address of the plaintiff's attorney, and
instructions as to the need to file a response to the complaint within a certain
time.
pro rata
Latin, to divide proportionate to a certain rate
or interest.