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Most Popular Legal Definitions
general average
A principle of maritime law where in the event of emergency, if cargo is
jettisoned, the loss is shared proportionately by all parties with a financial
interest in the voyage.
defamation
an attack on the good reputation of a person, by slander or libel
criminal negligence
reckless disregard for the lives or safety of
other persons
carryover
In taxation accounting, using a tax year's deductions, business losses or
credits to apply to the following year's tax return to reduce the tax liability.
bailor
person who leaves goods in the custody of another, usually under a "contract of
bailment," in which the custodian ("bailee") is responsible for the safekeeping
and return of the property
assign
to transfer to another person any asset such as
real property or a valuable right such as a contract 2) the person (assignee)
who receives a piece of property by purchase gift or by will; this word often
shows up in contracts and wills
proxy
1) The person authorized for a given task. 2) A written authorization empowering
another person to vote or act for the signer.
de jure
Latin, "of the law"
vacate
1) For a judge to set aside or annul an order or judgment which he/she finds was
improper. 2) to move out of real estate and cease occupancy.
blue ribbon jury
jury selected from prominent, well-educated citizens, sometimes to investigate a
particular problem such as civic corruption; use of blue ribbon juries in
criminal cases violates the right to have a jury of one's peers