The Law Dictionary

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.

KEEP IN REPAIR

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

KIDNAPPING LAW

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

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.

KEEPING THE PEACE

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

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.

KNOWN HEIRS

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

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.

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

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

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,

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.

KRAFT PAPER

At least 80 percent virgin wood pulp is in this strong brown unbleached paper.

KERBEROS

User authentication scheme for Open source (non-proprietary) and public domain (free). A client-server environment’s network security system. Named after Greek mythology’s fierce three-headed guard dog. At user login and every service request,

KEY SPLITTING

Security scheme requiring unifying parts so that a decryption key can be used. Separated parts occur by dividing a code number or decryption algorithm into two or more parts so that no

KIDNAP-RANSOM INSURANCE

Rather rare coverage found in few markets. No standard rates exist. A financial institution protects itself in case a named employee is kidnapped and to be ransomed.

KNOCK-OUT OPTION

Event-driven benefit payoff tied to something not occurring like a specific change in an asset’s price. Contrast to knock-in option.

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