Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Although the foreclosure crisis that swept the nation during the late 2000s has begun to abate, millions of homeowners remain unable to afford the payments on their mortgages. These hard-working individuals must
Your auto insurance costs are dependent upon several factors. In addition to your age, physical location and vehicle make, your annual premiums are also governed by various demographic factors and life decisions.
If you're like most homeowners, your homeowner's insurance policy is paid for with an escrow account administered by your mortgage lender. While you have complete control over your policy and are free
The cost of car insurance depends upon dozens of factors. Your age, state of residence, previous driving history and many other data points will determine the exact amount that you'll be required
The cost of tuition at the country's private universities is increasing by 5 to 8 percent each year. Public universities have the same problem: At some state universities' flagship campuses, tuition has
Although they're not secured by a home, vehicle or other valuable asset, student loans are governed by a different set of rules relative to other forms of unsecured debt. Whereas credit card
While drunk driving is considered a serious crime in virtually every American legal jurisdiction, most courts go relatively easy on first-time impaired-driving convicts. Your first-offense DUI sentence may involve three to five
Some attempts to file bankruptcy end unsuccessfully. In fact, bankruptcy judges routinely dismiss Chapter 13 bankruptcy petitions for several common reasons. To avoid a costly and time-consuming mistake, familiarize yourself with these
Legal document effective while its testator lives. This covers death if imminent due to a medical condition or an accident. Medical care and degree of medical intervention and life sustaining support is
Fairly-valued assets acquired that go beyond the acquisition limit. On the balance sheet this will affect listed transactions .
The promise to perform agreed to financial obligations. If the party feels mistreated they may choose not to. Refer to ability to perform.
The version of a will superseding all previous versions of this will.
The primary INTANGIBLE ASSET of a company, generally comprised of reputation, contact networks, intellectual property, and branding. Although the assets have value, they cannot be physically inspected and are extremely ILLIQUID. Goodwill
Measuring goodwill value over total asset value. Quantifies an intangible for monitoring. As in the saying of too much of a good thing can be bad, too much goodwill can financially impair
A signed will hand written that is legally binding. See, What Is a Holographic Will?
Means that at any time and for any reason either the employer and the employee can quit the employment relationship.
The prospect of building your credit with a cosigned car, home or personal loan is exciting. Your first big loan is a major milestone on your road to financial adulthood and can
When a company has a bad business practice that investors find out about. Revenue is lost as well as investors, customers, and suppliers. The market value also goes down. This can also
An excessive charge that is still within the customers pay range. This makes the price as high as is possible without going past a predetermined limit.
A will in which two persons join, each leaving his property and estate to the other, so that the survivor takes thewhole. Evans v. Smith, 28 Ga. 98, 73 Am. Dec. 751.
