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Most Popular Legal Definitions
acceleration
1) In a contract or a promissory note, when the payment of debt is moved up to
the present time due to some event like non-payment of an installment or sale of
the property which secures the debt.
liquidated damages
Pre-determined damages.
volenti non fit injuria
Latin, to one who is willing, no harm is
done.
damages
cash compensation ordered by a court to offset losses or suffering caused by
another's fault or negligence
matrimonial debt
A debt contracted during a marriage and for which both spouses are liable,
regardless of who contracted the debt or who is directly liable for it.
ransom
Money paid to have a kidnapped person released.
maritime law
A very specialized body of law particular to transportation by water.
reconciliation
The act of separated spouses returning to family cohabilitation.
split custody
A child custody decision which results in the
splitting up of the children; that legal custody of one or more of the children
is with the father, and that of one or more of the children are with the
mother.
accessory
A second-string player who helps in the commission of a crime, the assistance
can range from; planning, providing an alibi, or knowingly hiding the offender;
the accessory must know of the omission or commission of a crime, but is usually
not present during the actual crime