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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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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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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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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 became very popular during the 19th century.

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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.

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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.

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KINKED DEMAND CURVE

Standard demand curve with a bend depicting competitors decreasing prices to match another’s, yet not raising prices to match another’s. Concern is that raising prices lose customers, so that once a business has reduced prices to a certain level, gain market share.

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KNOWLEDGE CREATION

Defined by Ikujiro Nonaka, interactions between explicit and tacit knowledge form new ideas. Socialization (tacit to tacit), externalization (tacit to explicit), combination (explicit to explicit), and internalization (explicit to tacit) are the types of interactions defined.

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K-COMMERCE

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

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KEY MAN RISK

The effect losing one important member of the team causes.

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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.

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KINKED YIELD CURVE

When medium term interest rates are higher than low or high. Refer to negative yield curve, yield curve, and positive yield curve.

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