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Most Popular Legal Definitions
delict
civil law term which imposes liability on a
person who causes injury to another, or for injury caused by a person or thing
under his custody
lex scripta
Latin, written law; statutes.
shareholder
Persons who own a share of a for-profit corporation.
contract
an agreement between persons which obliges each party to do or not to do a
certain thing
appraise
to professionally evaluate the value of property
savings and loan
A banking and lending institution, chartered either by a state or the federal
government. Savings and loans only make loans secured by real property from
deposits.
fiqh
Also spelled fikh, it is the law of Islam.
sue
to bring a case forward for legal proceedings to
recover certain rights or equitable recompense
after-acquired property
1) personal or real property acquired by a debtor after he or she has agreed
that all his or her property secured a debt; the new property also becomes
security for the debt 2) property acquired by the bankrupt person after he or
she has filed papers to be declared bankrupt; this after-acquired property is
not included in the assets which may be used to any debts which existed at the
time of the bankruptcy filing
ancillary jurisdiction
term used in federal courts when the court decides matters not normally under
federal jurisdiction so that it can give a judgment on the entire controversy,
the main issue at hand is a federal matter which it is authorized by law to
determine