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Most Popular Legal Definitions
promissory note
An unconditional, written and signed promise to
pay a certain amount of money, on demand or at a defined date.
bailor
person who leaves goods in the custody of another, usually under a "contract of
bailment," in which the custodian ("bailee") is responsible for the safekeeping
and return of the property
arraignment
the hearing in which a person is presented with the charges against them, given
an opportunity to enter a plea, determined whether they have a lawyer, and if
necessary set the bail amount and future appearances
admission of guilt
statement by someone accused of a crime that he/she committed the offense
pro socio
Latin, on behalf of a partnership.
nugatory
Of no force or effect; invalid.
syndicate
A joint venture among individuals and/or corporations to accomplish a particular
business objective.
charter
1) the act of an established body giving sanction or bestowing rights on an
individual or party, usually in writing 2) an enumerated privilege
agent for acceptance of service
states require that a corporation name an actual
person who is authorized to accept service of any lawsuit or claim against the
corporation
ad valorem
Latin for "based on value," which generally applies to property taxes based on a
percentage of the county's assessment of the property's value.