An abstract plant as further defined in rule p12 and as further provided for in the. A number of other laws also govern business transactions. This law shall be cited as the companies law of 1997 and shall come into effect after the lapse of thirty days from the date of its publication in the official gazette. Originally this common law was the law administered by the royal courts in england, the kings law, common to the whole realm. Attorney a a person who is licensed to practice law and is a member of the state bar of texas. It exists as a separate legal entity from the owners who are called shareholders. This small business law glossary will help you understand the legal terms and phrases which are relevant to business organizations, licensing, and other areas of small business law. A method of compressing audio data by recording the differences between successive digital samples rather than full value of the samples. Agency one person acts for or represents another by authority. The purpose of this glossary is to promote familiarity with this terminology for those who do not work with tax issues every day. This is a brief explanation of some of the terms you may come across in company insolvency proceedings. Find law terms and legal definitions related to starting an llc and managing an llc.
Glossary of personal injury terms dolman law group. But there are still legal phrases that baffle nonlawyers. A company is a corporation an artificial person created by law. So for legal advice that you can rely on, use our find a. A shared understanding of the complex terminology that is part of this area of. Family law glossary of common terms and definitions note. Glossary of legal terms international justice monitor. Many lawyers are now adopting a plain english style. Selected company law terms oxford university press. Icsi house, 22, institutional area, lodi road, new delhi 110 003.
A file format that makes it possible to display words and pictures so that they look the same on any computer screen. A lawyer is in the best position to advise you about your legal rights and responsibilities. For instance, although article 4 of the ucc governs bank deposits, federal law in the form of statutes and regulations prescribe requirements for banks and banking in general. Acronym that stands for also known as and introduces any alternative or assumed names or aliases of an individual.
The charter also stipulates that sba would ensure small businesses a fair proportion of. The latest edition of all the books referred to above should be read. An organization of individuals conducting a commercial or industrial enterprise. In the small business act of july 30, 1953, congress created the small business administration, whose function is to aid, counsel, assist and protect, insofar as is possible, the interests of small business concerns. Find law terms and legal definitions related to forming a corporation and managing a corporation. C the common law signifies the law common to the whole jurisdiction as opposed o t local or customary law, ecclesiastic law and merchant law. A corporation, partnership, association, or joint stock company. At the same time, other professions adoptedsometimes appropriatedarchival terms. This quiz tests your knowledge of some of the key vocabulary of company law. Dedicated channels giving nondiscriminatory access to a local cable system by the public, government agencies or educational institutions.
A company is an institution created to conduct business, usually an association of people. Legalzoom guarantees your satisfaction with our services and support. An overview 2 common law, equity and statute law 23 custom 25 case law 26 nature of equity 32 application of principles of equity 34. Likewise, federal law governs such issues related to commercial law as bankruptcy and debt collection. Glossary of legal terms amnesty international law prohibits the applicability of amnesties or similar mechanisms to exonerate alleged perpetrators of crimes against humanity including genocide, gross human rights violations or international crimes from criminal responsibility, or to excuse the states responsibility to investigate or. Llc glossary glossary of llc terms and legal definitions. Close closed, closely held corporation a designation which applies to a corporation in which outstanding shares of stock and managerial control are held by a limited number of people often members of the same family. Civil law legal proceedings concerned with the rights of public citizens. Drafting legislation in hong kong a guide to styles and practices. Benefit for legal purposes related to personal injury law, a benefitis financial assistance that a party receives from an employer, insurance company, or social program such as social security in a time of sickness, disability, or unemployment. Administrative procedure the way an executive government agency makes and enforces support orders without going to court.
The oecd glossary of statistical terms contains a comprehensive set of definitions of the main data items collected by the organisation. Hong kong elegislation view english chinese glossary. Noun n the codes c and u show whether a noun, or a particular sense of a noun, is countable an agenda, two agendas or uncountable. Victoria law foundation legal glossary 2 adduce to adduce or lead evidence is to show a document or thing to the court, or to ask a witness questions, as part of an argument in a court case. Commercial law includes all aspects of business, including advertising and marketing, collections and bankruptcy, banking, contracts, negotiable instruments, secured transactions. Solicitors are the experts when it comes to the law and how it affects you.
Many of the terms have a specific technical meaning in certain contexts that may not be covered here. In small corporations, such an agreement can be used to set estate tax value of stock, define what happens if a shareholder is disabled, restrict. Regulatory rules and procedures issued pursuant to the companies law. Principles of business law contents study unit title page syllabus i 1 nature and sources of law 1 nature of law 3 historical origins 6 sources of law 9 the european community and uk law. Being a mere creature of law, it possesses only those properties which the.
Glossary a abstract plant a geographically arranged abstract plant, currently kept to date, that is adequate for use in insuring titles, so as to provide for the safety and protection of the policyholders. Law glossary l law dictionary of legal terminology. Law glossary e law dictionary of legal terminology. Company law meaning in the cambridge english dictionary. Test yourself on the complex terminology of company law with this series of interactive flashcards. Injunction a remedy sometimes awarded by the court that stops some action being taken. Akin to common law, which springs from tradition and judicial decisions. The following definitions are intended to be helpful, but they are not intended to constitute legal advice or address every possible meaning of the terms contained in this glossary. The definitions in the oecd glossary are primarily drawn from. Telecommunications glossary 3 adpcm adaptive differential pulse code modulation. Companies and partnerships compared a a company can be created only by certain prescribed methods most.
A term to indicate another name by which a person is known. The balance sheet is often described as a photographof a companys financial situation at a particular moment bankrupt1 n c someone judged to be unable to pay their debts by a court of law, and whose financial affairs are. The granting of letters of administration to the estate of a deceased person to an administrator, when there is no executor under the will. The collection of assets, payment of debts, and distribution to the beneficiaries of property in the estate of a deceased person. Law glossary book 1 accreditation nuncountu accreditation is official authority to take a certain action. The process includes preparation and processing of a demand as well as the end receipt and approval of. Regulatory rules and procedures issued pursuant to new. It can be used to stop another party doing something against the terms of the contract. Because our company was created by experienced attorneys, we strive to be the best legal document service on the web. This legal glossary is a basic guide to common legal terms. Law terminology that starts with e law dictionary of legal terminology. Affidavit a written statement in which the facts stated are sworn or affirmed to be true. It differs from its company law definition where it refers to the legal act of creating a company. How legislation is made in hong kong a drafters view of the process.
After acquired intent when the defendant did not intend to commit a crime until after the crime had been committed. Law terminology that starts with l law dictionary of legal terminology. A broad concept that describes the substantive law that governs transactions between business entities, with the exception of maritime transportation of goods regulated by admiralty and maritime law. The law can be complicated and it is often described in technical terminology that many people might find unfamiliar. Different terms may have different meanings based on the specific area of law or the context in which they are being used.
Please note that this glossary is for general guidance only. The law as established in previous court decisions. The a to z guide to legal phrases plain english campaign. The glossary also contains definitions of key terminology and concepts and commonly used acronyms. This glossary provides short definitions of legal terms you will find on this website.
Corporation glossary glossary of corporation terms and. An agreement between shareholders of a privately held corporation and the corporation itself, made to govern the operations of the corporation and to define how shares of stock will be transferred. Agent someone who has authority to act for another. The states criminal law which lists all offenses and their possible punishments. Glossary 169 board also board of directors n c usually singular the group of people who have been elected by shareholders to manage a company bonus n c an extra amount of money added to an employees wages, usually as a reward for doing difficult. The small business law glossary gives you access to definitions for the small business law legal terminology commonly used in documents and court proceedings. C the common law also means case law as opposed to statutory law. Abandon v abate v to abate a nuisance abatement abdicate v abdication abduct v abduction abet v to aid and abet abetment abeyance in abeyance ab initio abode abolish v to abolish slavery.
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