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Most Popular Legal Definitions
scienter
Latin for "having knowledge."
just cause
Employment law: misconduct of an employee, or some other event relevant to the
employee, which justifies the immediate termination of the employment contract.
admission against interest
admission of the truth of a fact by any person, but especially by the parties to
a lawsuit, when a statement obviously would do that person harm, be
embarrassing, or be against his/her personal or business interests
exculpate
Something that excuses or justifies a wrong action
bondsman
1) someone who sells bail bonds 2) a surety
(guarantor or insurance company, who/which provides bonds for performance
cestui que use
An old fashioned term for a person who benefits from assets held in a trust for
the beneficiary's use. The term "beneficiary" is now used instead.
contract law
that body of law which regulates the formation and enforcement of contracts
emolument
A legal word which refers to all wages, benefits
or other benefit received as compensation for holding some office or
employment
small claims
A regular court but which has simplified rules of procedure and process to deal
with claims of a lesser value.
book value
A determination of the value of a corporation's stock by adding up the stated
value of corporate assets as shown on the books (records) of a corporation and
deducting all the liabilities (debts) of the corporation. This may not be the
true value of the corporation or its shares since the assets may be under- or
over-valued.