Lawfully guaranteed powers a legal entity acquires from winning a court decision. Realization or defense of just and lawful claims or interests against ‘The whole world’ is the basis. Whether […]
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LEGAL RISK
Potential affect in debt service or loan recovery as a probability caused by a defect in loan documentation.
LEGAL SEPARATION
the term that applies to a court sanctioned agreement for a husband and wife that details their obligations while living apart.
LEGAL SIZE PAPER
Exclusively used n the UK, US, and Commonwealth countries, such paper measuring 8.5 inches wide and 14 inches long.
LEGAL SUBROGATION
the term used when a person who doesn’t owe the debt pays it and then is entitled to remedies offered by the creditor. This term is the device that forces […]
LEGAL SYSTEM
Jurisdiction ‘s basis of applying law consists of (1) a constitution , written or oral; (2) primary legislation , statutes, and laws; authorized by constitutionally authorized legislative body; (3) primary […]
LEGAL TENDER
Lawfully established national currency denominations. Legally required commercial exchange medium for money-debt payment. Differs widely from country to country. Creditors, lenders, and sellers retain the option to accept financial vehicles, […]
LEGAL TITLE
Legal ownership of an asset or property specified as a clear and enforceable title.
LEGAL VALUE
Document or record’s lawfully defined worth. Legal proof of authority or business transaction , enforceable rights or obligations, or the basis for a legal action all rest of this worth […]
LEGAL WEIGHT
Lawfully certified weight based on the use of a lawfully certified scale or weight counterbalance. An article’s unit weight is calculated by adding the article’s basic weight and the wrapping […]
LEGAL YEAR
The Supreme Court ‘sits’ for four times during this annual period.
LEGALESE
a modern word that is used to describe the legal and technical language used to write laws, wills and other legal documents.
LEGALIS HOMO
Lat. A lawful man ; a person who stands rectus in curia ; a person uot outlawed, excommunicated, or infamous. It occurs in the phrase, “probi et legates homines,” (good […]
LEGALIS MONETA ANGLL3S
Lawful mouey of England. 1 Inst. 207.
LEGALISM
the term that describes the strict adherence to the law.
LEGALITY
In general, it is that which makes something legal. 1. As implied warranty that the statutes of a particular jurisdiction are the basis for any act, agreement, or contract in […]
LEGALITY, or LEGALNESS
Lawfulness.
LEGALIZATION
The act of legalizing or making legal or lawful. See LEGALIZE.
LEGALIZE
To make legal or lawful; to confirm or validate what was before void or unlawful; to add the sanction and authority of law to that which before was without or […]
LEGALIZED NUISANCE
the term that is given to a structure that a neighbourhood doesn’t want to be built but is declared legal by law. An example would be a prison.
LEGALLY
Lawfully; according to law
LEGALLY ADOPTED
the term used to signify that a child has been adopted in accordance with the state laws.
LEGALLY BINDING
Common legal phrase. Lawful action, such as an agreement consciously agreed to by two or more entities, establishing lawful accountability . For example, an apartment lease legally binds the lessor […]
LEGALLY COMMITTED 1
1. This term means to be held in court by the order of a judge. 2. This term means to be placed in a mental institution .
LEGALLY COMPETENT
the term that means a person is fit and is qualified to serve in the capacity as an administrator or an executor.