Legal Dictionary Terms

Description

Collection of Legal Terms and Definitions
Everett Averhart
Flashcards by Everett Averhart, updated more than 1 year ago
Everett Averhart
Created by Everett Averhart about 9 years ago
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Resource summary

Question Answer
A FORTIORI Latin and means more effective or with greater reason.
A P N In medical jurisprudence. Want of breath; difficulty in breathing; partial or temporary suspension of respiration ; specifically, such difficulty of respiration resulting from over-oxygenation of the blood, and in this distinguished from "asphyxia," which is a condition resulting from a deficiency of oxygen in the blood due to suffocation or any serious interference with normal respiration. The two terms were formerly (but improperly) used synonymously.
A PRIORI Latin, is concluded from what has happened previously and that certain affects must by necessity will follow.
A TORT French for unjustly and without reason.
A VIA In the civil law. A grandmother. Inst. 3, 6, 3.
A-SHARE This share of stock features rental rights but no control rights over the company. The lack of authority generally provides a discount in price
AB INITIO Latin, for from the first act or meaning from the start.
ABANDON An investor deciding not to sell or act upon an option at the end of the contract.
ABANDONED PROPERTY The property that an owner has given up all claims, possession and rights. No designation has been given as the possessor.
ABANDONMENT the voluntary relinquishment of all rights, title, or claim to property that rightfully belongs to the owner of the property. Stocks, bonds or mutual funds held in a brokerage account where the owner can't be located or contacted is an example of abandonment. The laws of escheat may cause the property to be taken control by the state.
ABANDONMENT CLAUSE The abandonment clause gives insured parties the right to forfeit damaged property in exchange for full payment. Insurance companies take ownership of the damaged asset.
ABANDONMENT OF CHILD Deserting a child and having no intention of fulfilling any obligations to the child. Cutting off all relations and obligations to the child.
ABANDONMENT OF SPOUSE The leaving of a husband or wife without just cause and with a deliberate intention of creating a lifetime separation.
ABANDONMENT OF TRADEMARK Giving up using a trademark and explicitly showing the intention of giving it up.
ABANDONMENT VALUE The amount earned if an investment is discontinued. The general rule for this situation is that if the amount received for scrap or salvage is more than the net present value (NPV) the project is abandoned.
ABATABLE NUISANCE Not a permanent nuisance but one that can be corrected easily as not to harm anyone.
ABATEMENT 1. Commerce: a reduction in the amount of a bill due to factors such as demurrage, overtime penalty, or rent. 2. Environment: to reduce or eliminate polluting or hazardous substances. This is done by removing them or considering a new plan of more efficient waste management. 3. Legal: A court decision that is suspended, or simply closing the case before the final decision is reached. 4. Taxation: A rebate given under special circumstances such as in aftermath of natural disasters.
ABATEMENT COST A cost that occurs because a company creates a negative byproduct. This byproduct must be removed or the effect must be reduced.
ABATEMENT OF ACTION Putting an end to a law suit. If the matter is to be further pursued a new action or suit must be brought about.
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