Lawful, exclusive right allowed to the grantee over land or property of another person. A lien against ‘the whole world’ that is enforceable .

A lawful or legally standing association , corporation , partnership , proprietorship , trust, or individual . Has legal capacity to (1) enter into agreements or contracts, (2) assume obligations, […]

Lawful right as owner of an asset or property to hold the legal title /ownership. A lender has legal estate in a mortgaged asset used as collateral . The borrower […]

the term given to the code that is set up by the legal professionals that details their moral and professional duties to clients.

the term applied to the testimony that is allowed to be presented during a trial.

Insurance providing legal services to policyholders. According to a schedule, the policyholder pays for services.

the name given to the money that is charged by the attorney for his services to a client.

Believing or assuming something not true is true. Used in judicial reasoning for avoiding issues where a new situation comes up against the law, changing how the law is applied, […]

Legislation and interpretation of laws providing limitations and powers. These authorize lawful application , yet scope and restrict activities of entities.

the name given to the actions that are meant to mislead and deceive that may not have been the original intent.

Added risk that legal action will cause loss.

a term given to describe the people nearest in kin to the decreased person.

Law provides specific remedy or damages for property damage , bodily harm , or violation of a right.

the term given to the mental illness and incapacity to a person to a degree that that the law will recognise the person to be insane.

Something a law recognizes, as in an advantage, profit, right, or share. A legal title is an example.

Insurance companies, pension funds, savings banks, and unit trusts using a permitted investment as institutional investors with fiduciary responsibilities. Legal investment guidelines protect the individual savers.

another term used to describe a person’s descendants and is the same as lawful issue .

1. the name given to the situation where a person is taken to trial. 2. Used in the phrase double jeopardy or prior jeopardy, where a person is tried more […]

Specifically, a leasehold estate authorized with a set term by a deed .

The most a bank can lend a single borrower.

Lawful accountability and obligations required due to civil actions or torts, or a contract’s terms. Only a court-decision can set this obligation even if by mutual agreement a settlement occurs […]

Intangible asset ‘s lawful duration. Patent or copyright is an example of such an asset. If an asset’s economic life is shorter than its legal life, the computed amortization uses […]

Pension funds, banks, and insurance companies use such a state approved securities list.

the term used to describe the intentional performance to do a wrongful act . There is constructive malice , malice in law .

When a company is controlled by nonstock owners.