Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: I

IMMEDIATE FAMILY

the term used to describe your parents, wife, husband, children and brothers and sisters.

INSIDER

the term that describes a director or officer of a corporation or the person with at least 10% of the stock.

INCIDENTAL

This means depending on something else, is likely to happen or is happening in addition to another event.

INSOLVENCY LAWS

the group of laws that will give the assets of an insolvent person or company to the creditor or creditors.

INVOLUNTARY TRUST

the term given to a trust that comes into being by the operation of laws that are in existence.

ISSUABLE DEFENSE

the term that is given to the defence that is based only on a case’s merits and calls for a verdict in favour of the defendant.

INDISPENSABLE PARTY

the term that is given to a party in a law suit who is essential in determining the suit.

IN ESCROW

A term used to describe money that is held aside by a person not involved in the transaction. See, How Does Escrow Work? 5 Things to Know

INSUBORDINATION

a word that means to have a lack of respect or the refusing to obey orders of a person in authority.

INCOMMUNICADO

a term used to describe being without communication to other people.

INFLICT

a term that means to cause such as to inflict an injury or to impose a punishment.

IMMUNITY WAIVER OF

This occurs when a witness renounces the privileged not to give testimony that could implicate him as a party to a criminal act.

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