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Most Popular Legal Definitions
sprinkling trust
Discretion given to a trustee to distribute
income from a trust fund disproportionately between beneficiaries.
premises liability
The liability of an occupier of real estate
towards injury to others.
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
lessor
The person who grants a lease, usually the owner of the thing leased.
subrogation
Assuming the legal rights of a person for whom
expenses or a debt has been paid. Typically, subrogation occurs when an
insurance company which pays its insured client for injuries and losses then
sues the party which the injured person contends caused he damages to
him/her.
security deposit
Money paid to another to be held as security for
the occurrence of a specified event.
vest
To give an absolute right to title or ownership.
spy/spies
A person who acts clandestinely or on false
pretenses to endeavour to obtain information of or within another state with the
intention of communicating or selling it to others.
inter alia
Latin, meaning 'among other things.'
accommodation
1) a favor done without compensation, such as a signature guaranteeing payment
of a debt, sometimes called an accommodation endorsement 2) compromising with an
for the sake of resolution