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See search warrant or arrest warrant. |
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See secret warranty program. |
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A seldom-used type of deed that contains express assurances about the legal validity of the title being transferred. |
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The selling and repurchasing of an asset, usually stock, within a very short time frame. People used to do this to realize a loss for tax purposes, but the IRS caught on and made such losses non-deductible for most taxpayers. |
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A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for your young children. |
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A harmful act that is committed in an intentional and conscious way. For example, if your neighbor builds an ugly new fence and you intentionally run it down with your truck, that's a willful tort. But accidentally backing into the fence as you pull out of your driveway is not willful, though it's still a tort. |
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The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership. |
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Eavesdropping on private conversations by connecting listening equipment to a telephone line. To be legal, wire tapping must be authorized by a search warrant or court order. |
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A final and binding decision by a judge about a legal matter that prevents further pursuit of the same matter in any court. When a judge makes such a decision, he dismisses the matter "with prejudice." |
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A person who testifies under oath at a deposition or trial, providing firsthand or expert evidence. In addition, the term also refers to someone who watches another person sign a document and then adds his name to confirm (called "attesting") that the signature is genuine. |
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Legal jargon meaning "to take notice of," used in phrases such as "On this day I do hereby witnesseth the signing of this document." |
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Language used to leave property to a person and his or her descendants, which typically take the form "to A, and the heirs of his body," where A is the person receiving the property. |
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