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Most Popular Legal Definitions

nation

A distinct group or race of people that share history, traditions and culture

assignee

a person to whom property is transferred by sale or gift, particularly real property

direct tax

A tax demanded from the very persons who it is intended or desired should pay it.

inter alia

Latin, meaning 'among other things.'

third-party beneficiary

A person who is not a party to a contract but has legal rights

diversity jurisdiction

Jurisdiction of a US federal court to dispose of a matter meeting a monetary threshold even though it involves residents of different states.

maturity

The date when the payment of the principal amount owed becomes due.

examination in chief

The questioning of your own witness under oath

capital

1)  From Latin for caput, meaning 'head', the basic assets of a business or of an individual, including actual funds, equipment and property as distinguished from stock in trade, inventory, payroll, maintenance and services. 2) related to the basic assets or activities of a business or individual, such as capital account, capital assets, capital expenditure, and capital gain or loss 3) an amount of money a person owns

condition subsequent

a condition in a contract that causes the contract to become invalid if a certain event occurs