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

Category: K

Three Features of a Kangaroo Court

Court proceedings that lack the due process protections people associate with courts of law have earned the name “kangaroo court.” The term has been in use since at least the 19th century,

KILLED BY MISADVENTURE

a phrase that means to be accidentally killed but not during the committing of an act this is unlawful.

KANGAROO COURT

the name that is given to an unauthorised court that is set up without legal power and authority that takes the law into its own hands.

KNOWN

term used to describe a thing that is recognised, like a well known person, a fact that is understood or a thing that is familiar.

KEEP

a term meaning to hold, to maintain, to support, to retain in possession and to take care of.

KITING CHECKS

term that describes writing a cheque from another bank to cover a cheque that is overdrawn.

KARAT

Fineness, as a measure of the purity, of gold. It also indicate gold proportion in an alloy. UK spelling of both carat and karat is carat. Germany spelling is karat. 24 karats

KEY JOBS

Organization’s and Labor market’s common jobs used to determine general pay scales. Clerks, drivers, janitors, and secretaries are examples of common jobs.

KEYNESIAN UNEMPLOYMENT

Because the economy is in recession, employers have low demands for their goods and services, situation exists where low wage-rates should drive to higher employment levels, but do not.

KIOSK

Upright, retail outlet display or entry-port in a large retail establishment or a shopping mall to assist customers.

KNOWLEDGE MANAGEMENT

Building of an organization’s intellectual assets by strategies and processes. Driving to identify, capture, structure, value, leverage, and share, enhancing results and market share. Two critical activities are its basis: (1) retain

KARL MARX

The foundation of communism evolved from this revolutionary socialist thinker. He strongly opposed capitalism, believing it would destroy societies by increasing tensions and disparity between workers and owners. His theories and ideas

KEY LIFETIME

For encryption-decryption security, private decryption keys have no expiration, an indefinite lifetime. Secret keys, however, have terminal lifetimes that need to be defined in an organization’s security policy.

KEYSTONE MARKUP

Gross margin equaling cost price or half the sale price. Said another way, any item selling at twice the wholesale cost, purchased or produced, has a keystone markup.

KIT

One item under its own part number or SKU, comprised of several other finished goods (FG), each with its own SKU. Refer to separate stock keeping unit (SKU).

KNOWLEDGE MAP

Atlas of documents, files, databases, recordings of best practices or activities, or web pages as a organization’s internal or external repositories guide and inventory.

K-COMMERCE

Knowledge Exchange as the basis of an economy where knowledge capital is the defacto currency, an underlying premise in knowledge-based economies .

KEY MAN RISK

The effect losing one important member of the team causes.

KEY-TESTED TELEX

Telex machine wire fund transfer messages authenticated using code (key) numbers. Contrast to modern digital data transfer. .

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