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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