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Most Popular Legal Definitions

after-acquired property

1) personal or real property acquired by a debtor after he or she has agreed that all his or her property secured a debt; the new property also becomes security for the debt 2) property acquired by the bankrupt person after he or she has filed papers to be declared bankrupt; this after-acquired property is not included in the assets which may be used to any debts which existed at the time of the bankruptcy filing

satisfaction of judgment

A document signed by a judgment creditor stating that the full amount due on the judgment has been paid.

fraudulent conveyance

A transfer of an interest in property done with intent to defeat creditors or others of their just and lawful entitlements.

appearance

the arrival and acceptance to proceed in court

character witness

A person who testifies testifies in a trial on behalf of a person (usually a criminal defendant) as to that person's good ethical qualities and morality both by the personal knowledge of the witness and the person's reputation in the community.

bar

1)  collectively all attorneys, as "the bar," which comes from the bar or railing which separates the general spectator area of the courtroom from the area reserved for judges, attorneys, parties and court officials 2) to prevent some legal maneuver, as in "barring" a lawsuit due to the running out of the time to file 3) to prohibit and keep someone from entering a room, building or real property

bilateral contract

an agreement in which the parties exchange promises for each to do something in the future

tontine

 A rare agreement among several persons who agree hat each will invest in an annuity and the last to die will receive the remaining assets and profits.

fraud

Deceitful conduct designed to manipulate another person to give up something of value.

zebra crossing

Striped white or yellow lines on asphalt streets that indicate a pedestrian crossing or a pedestrian right-of-way.