Legal Articles

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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KEIRETSU

A group of companies who have a shared interest but are not organized into a central company. Refer to Chaebol.

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KEY PERSON

Individual whose loss may cripple an organization. Knowledge, creativity, inspiration, reputation, and/or skills are essential assets for organizational viability and growth.

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KICKER

Compensatin offered to a bank so a company can use its services. Refer to equity kicker, carrot equity, and sweetner.

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KITTING

Process of grouping, packaging, and shipping one unit comprised of several other finished good. For example, in ordering a PC online, the supplier builds a customized kit, assembled and shipped as one unit to a customer who selected several alternatives to memory, drives, peripherals, and software.

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KNOWLEDGE WORK

Specific information content or requirements distinguishing job, process, or task.

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KELLER PLAN

Learning material presented in small units of personalized instruction. Behavioral psychologist Fred Keller, developed this approach, which bears his name. Instructors only facilitate, grade as pass or fail, administer no punishment at any learning stage. A student takes a test on the completed unit when the student feels ready to do so. Depending on the result, other units are given at the student’s pace.

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KEY PERSON INSURANCE

Life and/or disability insurance. Loss of profit, goodwill, or increased expenses are mitigated with coverage of one or more key employees. Search and training a successor for a key person may also be covered. Also known as key employee insurance.

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KICKER PATTERN

Trend reversal candlestick pattern. Rather reliable predictor that a change in the direction of a trend is occurring. The fundamentals of a company being researched begin to show change along side this kicker pattern.

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KLUGE

Something assembled from whatever was available to ‘make do’, but not built according to design or plan.

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