Legal Terms

Legal terms

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Accreditation  -  the process in which certification of competency, authority, or credibility is presented.


Bankruptcy - a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debt...


Collector a person, whose job is to collect money from people in owe, e.g. from debtors.


Debtor - a person/body/ any other form of party in a transaction which owes money to the other party.


Endorsement - an amendment or annotation to an insurance contract or other official document.


Founder - a person who has undertaken some or all of the work needed to create a new organization, whether this is a business, a charitable organizati...


Governor a public official with the power to govern the executive branch of a non-sovereign or sub-national level of government, ranking under the h...


Holder - person who officially owns something, e.g. property.


Indexation - is a technique to adjust income payments by means of a price index, in order to maintain the purchasing power of the public after inflati...


Judge - a person who is in charge of a trial in a court and decides how a person who is guilty of a crime should be punished, or who makes decisions o...


Kidnapping - the unlawful transportation, asportation and confinement of the persons against their will.


Liquidity - the fact of being available in the form of money, rather than investments or property, or of being able to be changed into money easily.


Moratorium a delay or suspension of an activity or a law.


Neutrality - the condition of being neutral in a disagreement or war.


Obligation - a legal or moral duty to do something.


Patronage - support, encouragement, privilege, or financial aid that an organization or individual bestows to another.


Quorum - the smallest number of people needed to be present at a meeting before it can officially begin and before official decisions can be taken.


Reactionary - opposed to political or social change or new ideas.


Sovereignty - the full right and power of a governing body over itself, without any interference from outside sources or bodies.


Testimony - a formal statement about something, especially one given in a court of law.


Unity - the state of being joined together or in agreement.


Verdict - an official decision made in a court at the end of a trial.


Withdrawal - the act of taking money out of an account, or the amount of money taken.


Accusation - a statement by one person asserting that another person or entity has done something improper, morally wrong, illegal, or unkind, or the ...


Bonification - the paying of a bonus (especially in relation to taxes).


Creditor - an entity, a company or a person of a legal nature that has provided goods, services, or a monetary loan to a debtor.

Deed of gift

Deed of gift - a signed legal document that voluntarily and without recompense transfers ownership of real, personal, or intellectual property such ...

Executive Board

Executive Board - a committee composed of the senior management and directly involved in making most of the crucial decisions for an organization.


Franchising - a right to sell a company's products in a particular area using the company's name.


Guarantor - a person or company that guarantees that a loan or other type of debt will be paid.

Holding company

Holding company - a company whose main purpose is to control another company or companies through owning shares in it or them.


Investor - a person who puts money into something in order to make a profit or get an advantage.


Jurisdiction - the authority that a particular court of law or official organization has to make laws, rules, or legal decisions.


Lessor - a person or organization that allows another person or organization to use something they own in return for regular payments.

Merchandise broker

Merchandise broker a negotiator between the buyer and the seller of goods.


Negotiation - a formal discussion between people who are trying to reach an agreement.


Objection - a formal protest raised in court during a trial to disallow a witness's testimony or other evidence in violation of the rules of evide...


Partnership - an agreement between organizations, people, etc. to work together.

Quantitative restriction

Quantitative restriction - a trade restriction placed on the amount of an item or service that can be imported into a country.


Ratification - the act of voting on a decision or signing a written agreement to make it official.


Sanction - an official action taken against a government to force it to behave in a particular way or as punishment for not doing so.


Taxation - the process by which the government of a country obtains money from its people in order to pay for its expenses.


Unify - to bring separate parts of something together so that they are one.


Vandalism - is the action involving deliberate destruction of or damage to public or private property.


Will - an official statement of what a person has decided should be done with their money and property after their death.