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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