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

FAIR BOOK VALUE

The price of stock that is determined by evaluating the assets of a corporation minus its liabilities.

PROFESSIONAL CONDUCT

1. The accepted manner in which a professional will act. 2. The way a lawyer who has been admitted to the bar should act. TLD Example: Lawyers are held to strict ethical standards

CONSEQUENCE

the term that is applied to the natural result of an action and that is expected to happen.

FINAL SETTLEMENT

1. The agreement that ends matters between partners dissolving a partnership. 2. The settling of outstanding obligations.

DEMENTIA PRAECOX

This term is applied to a form of mental illness seen in young people that have a split personality.

RATE OF RETURN

the term applied to the percent rate of return from an investment.

SECONDARY BOYCOTT

a boycott against a company that does business with a company in dispute with the union.

CONDITIONAL JUDGMENT

the judgement that will go into effect only when a particular condition has been fulfilled.

STATUTE PRIVATE

a the law that concerns a person or a group of people. See statute, personal.

RESIDENTIAL RESTRICTION

a local regulation that defines the type of buildings that can be built on particular areas or neighbourhoods.

PERFECT INSTRUMENT

the term applied to a deed or instrument that is perfect when it is filed and recorded.

COMMON-LAW HUSBAND

the term that is given to a man who is cohabiting and living with a woman who have not been joined by marriage. See common-law wife.

MATRIMONIAL ACTION

the term given to a law suit that alters a husband’s or wife’s status such as b y an annulment or a divorce.

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This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.