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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, but it is difficult to pinpoint an exact source for it or to determine why its name includes a reference to an animal […]

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KILLED BY MISADVENTURE

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

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KEEP IN REPAIR

a clause found in leases that binds the lessee to keep the premises in a good condition.

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KIDNAPPING LAW

federal offense when a person is taken forcibly from one state to another or to a different country.

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KNOWINGLY AND WILLFULLY

a term used to apply to a crime that is carried out intentionally and with a full awareness.

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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.

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KEEPING THE PEACE

the term that means to maintain public order and to prevent violence and other unlawful behaviour.

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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.

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KNOWN HEIRS

the name given to the people who are recognised with the right to inherit.

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KEEP

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

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KITING CHECKS

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

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KEOGH ACT PLAN

Also referred to as a HR-10 plan. A plan that allows those who are self-employed to set up a retirement plan and have access to tax benefits comparative to the benefits offered in corporate pensions. This plan was established under the Self-Employed Individual’s Tax Retirement Act.

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KEY PUNCHING

Keyboard or keypad driven computerized data entry. Prior to PCs, to issue commands or store data in the era of mini or mainframe computers, key punching was actual punching of holes in punch cards or paper tape.

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KICKOFF MEETING

Pre-launch gathering of stakeholders and prime movers of a program or project. Agenda is strategy, direction, roles, goals, and objectives.

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KNOCKED DOWN (KD)

An article taken apart, folded, or telescoped to reduce its shipping size by at least one third (33 1/3 percent) of its assembled bulk or size. Such articles, be they bicycles, fans, or furniture are packaged unassembled, with all components and assembly instructions. This takes advantage of better shipping rates and lower import duties.

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KONDRATIEFF CYCLE

Russian economist Nikolai Dmitrijewitsch Kondratieff (1892-1938) propose this cycle. The usual boom-bust cycles characteristic of a capitalist economy plays out over a period of about 60 years of major capital goods expansion in this long-duration economic cycle.

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KEOGH PLAN

In the US self-employed individuals and employees with no pension plan can set up this self-contributory saving or pension plan. New York Congressman Eugene J. Keogh proposed it. Individuals set aside a certain maximum of pretax income in this tax-deferred scheme. Like an individual retirement account (IRA), a Keogh Plan grows invested monies with no tax unless money is withdrawn prior to age 59

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KEY RATIOS

Business analysts evaluate a firm’s financial position and income using these financial performance measures. They are reliably indicate management competence, specifically when compared to previous periods or against a competitor’s ratios. Net income to average assets, also known as return on assets or ROA, net income to equity, also known as return on equity or ROE), net income to total investment, also known as return on investment or ROI, and net income to outstanding shares, also known as earnings per share or EPS are main examples of key ratios.

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KIDNAPPING COVERAGE

A package crime policy typically has this type of insurance coverage. Covers the dangers of a person captured against that person’s will, beyond the insured’s property, forced to enable a criminal act, such as opening a safe or telling how to do it.

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KNOCK-IN OPTION

Event-driven benefit payoff tied to something occurring like a specific change in an asset’s price. Contrast to knock-out option.

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