The protection of a company’s officers and directors against losses and harm caused due to their negligence .
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OFFICIAL
1. An officer. 2. Pertaining to an office, official duties.
OFFICIAL 850 OLOGRAPHIC TESTAMENT
Sweet.
OFFICIAL ACT
the name that is given to an act that is carried out by an officer doing his duties.
OFFICIAL BOND
A bond given by a public officer, conditioned that he shall well and faithfully perform all the duties of the office. The term is sometimes made to include the bonds […]
OFFICIAL DEVELOPMENT ASSISTANCE (ODA)
First compiled in 1969, this statistic is used by journalists and academic to measure aid and as an indication of the floor of international aid. The Development assistance Committee compiles […]
OFFICIAL INTEREST RATE
The rate determined by the federal government that is calculated for money market investors.
OFFICIAL MISCONDUCT
a term that is applied to the misbehaviour and unlawful acts committed by a public official while performing his duties.
OFFICIAL RECEIVER
An individual who is appointed by bankruptcy court who has no connection to the property on which debt is charged. This individual manages the property and presides over the meetings […]
OFFICIAL RECORD
The original document that is legally recognized and thus ensuring the quality of a fact when it is established. Official records are documented and kept for the entire duration of […]
OFFICIAL RESERVE
The value of the nation’s reserve holdings encompassing gold reserves, tradable foreign currencies and special drawing rights.
OFFICIAL RESPONSIBILITY
The duties and responsibilities that accompanies one’s position in office. It differs from moral responsibility in the sense that more than one individual cannot hold an official responsibility and it […]
OFFICIAL SEAL
the name that is given to the imprint or seal that is placed on an official document by the public official.
OFFICIAL STAFF COMMENTARY
The Federal reserve ‘s commentary that provides an explanation of the interpretations of regulations while acting as a guide to consumer’s exercise of rights. The format of the commentary follows […]
OFFICIAL,
n. An officer; a person invested with the authority of an office. In the civil law . The minister or apparitor of a magistrate or judge. In canon law. A […]
OFFICIALS
1. A person or a group of individuals who are tasked with assuming the responsibility for the control and regulation of an activity that is fair to all participating parties. […]
OFFICIALTY
The court or Jurisdiction of which an official Is head.
OFFICIARIIS NON FACIENDIS VEL AMOVENDIS
A writ addressed to the magistrates of a corporation , requiring them not to make such a man an officer, or to put one out of the office he has, […]
OFFICINA JUSTITLaE
The workshop or office of justice. The chancery was formerly so called. See 3 Bl. Comm. 273; Yates v. People, 0 Johns. (N. Y.) 3G3.
OFFICIO, EX, OATH
An oath whereby a person may be obliged to make any pre- sentment of any crime or offense, or to confess or accuse himself of any criminal matter or thing […]
OFFICIOUS BYSTANDER TEST
A test used to determine if an unstated condition was originally implied at the time of writing the contract. In the method, an investigator tries to determine if the contracting […]
OFFICIOUS INTERMEDDLER
A person under no obligation to confer a benefit or privelege to another individual , but does so unilaterally. This person cannot expect anything in return for the performance of […]
OFFICIOUS WILL
A testament by which a testator leaves his property to his family. Sandars, Just. Inst. 207. See INOFFICIOUS TESTAMENT . Officit conatus si eflectus sequatur. The attempt becomes of consequence […]
OFFLINE
A computer that is not electronically connected to another computer or network even though the physical connection is still present. Offline work protects the manipulation of sensitive work by other […]
OFFLINE CONNECTION
Changing an aircraft at a layover which often involves the change of airlines.