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Most Popular Legal Definitions
judicial branch
A branch of government; judges
employee
A person who has agreed by contract to perform
specified services for another, the employer, in exchange for money
indictment
The document by which the state sets out the claim that a person has committed a
crime. It is on the basis of an indictment that an accused offender must stand
trial.
quid pro quo
Latin, something for something.
common land
Land that is available for the use and enjoyment of all.
cap
slang for maximum
subordination
To be subject to the orders or direction of
another; of lower rank
Hatch Act
In the U.S., a statute which controls political
activity of government employees.
adjusted basis
the original cost of an asset adjusted for costs of improvements, depreciation,
damage, and other events which may have affected its value during the period of
ownership; this is important in calculating capital gains for income tax
purposes since the adjusted basis is generally higher than the original price
and will lower capital gains taxes
ex patriate
A person who has abandoned his or her country of
origin and citizenship and has become a subject or citizen of another
country