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Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Unavailable for a short time because minor repair work is necessary.
A font that is based upon the mathematical formula for each character, that can be scaled to any size and makes use of a display or printing device?s full potential.
Additional work discovered during the completion of a contract that falls within the scope of the project, is necessary for the project to be completed, but is not covered by the terms
Paying more into a tax deductible retirement plan than is permitted for a given period of time. Usually, this results in a penalty to the contributor.
Repetition of learning beyond the amount required to retain the information.
The act of exaggerating facts.
A property owner who resides within his or her own property.
A price quote on the value of a futures contract that has not been bid on for a long duration. Also referred to as nominal price, nominal quotation or subject quote
Tickets that can be claimed for travel only on the carrier that it is issued for.
A policy with a set premium amount such that extra premiums cannot be added
The instrument usedby brokers at the start of a business transaction to ensure (1) that they are not bypassed and (2) the non disclosure of the negotiation information to third parties.
The cause of the degradation with respect to the quality of performance and operational capacity, the impact of which is tolerable for a small period of time without major losses.
1. General: A set of standard rule is applied upon careful evaluation of fairness and equality using this method. 2. Interstate Commerce: Ensuring that all countries are charged equally and justly through
A pension plan that is under the sole ownership of the insured and cannot be lost.
An asset whose monetary value is variable and depends on economic conditions.
A loan or lease where (1) payment from the lessee is not received on time, (2) payments have stopped, (3) Maturity date has passed and the agreement is still unfulfilled. In these
In the event that a borrower defaults, this type of loan limits the lender’s power to take possession of the borrower’s property.
Transaction specific cost elements that increase the cost estimates on a casebycase basis.
A price that reflects the lowest possible average of the total cost of production with normal profit taken into consideration. It is the equilibrium price that is determined by the interaction of
A statement on a bill of exchange which prohibits it from being transferred or traded. The statement reads ‘not negotiable’, except in the case of check where it can be made non
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