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| bad debt |
n. an uncollectible debt. The problem is to determine when |
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| bad faith |
1) n. intentional dishonest act by not fulfilling legal or |
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| bail |
1) n. the money or bond put up to secure the release of a p |
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| bail bond |
n. a bond provided by an insurance company through a bail b |
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| bail bondsman |
n. a professional agent for an insurance company who specia |
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| bailee |
n. a person, also called a custodian, with whom some articl |
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| bailiff |
n. 1) a court official, usually a deputy sheriff, who keeps |
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| bailment |
n. 1) the act of placing property in the custody and contro |
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| bailor |
n. a person who leaves goods in the custody of another, usu |
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| bait and switch |
n. a dishonest sales practice in which a business advertise |
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| balance due |
n. the amount of a debt still owed on an account or the pri |
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| balance sheet |
n. the statement of the assets and the liabilities (amounts |
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| bank |
n. 1) an officially chartered institution empowered to rece |
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| bankruptcy |
n. a federal system of statutes and courts which permits pe |
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| bar |
1) n. collectively all attorneys, as "the bar," which comes |
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| bar examination |
n. the examination given in each state by either the highes |
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| bargain |
n. 1) a mutual agreement or contract between two parties wh |
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| barratry |
n. creating legal business by stirring up disputes and quar |
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| barrister |
n. in the United States a fancy name for a lawyer or attorn |
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| basis |
n. the original cost of an asset to be used to determine th |
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| battery |
n. the actual intentional striking of someone, with intent |
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| bearer |
n. anyone holding something, such as a check, promissory no |
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| bearer paper |
n. negotiable instrument (e.g. a bond) which is payable to |
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| belief |
n. convinced of the truth of a statement or allegation. In |
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| bench |
n. 1) general term for all judges, as in "the bench," or fo |
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| bench warrant |
n. a warrant issued by a judge, often to command someone to |
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| beneficial use |
n. the right to enjoy the use of something (particularly su |
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| beneficiary |
n. a broad definition for any person or entity (like a char |
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| benefit |
1) n. any profit or acquired right or privilege, primarily |
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| bequeath |
v. to give personal property under provisions of a will (as |
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| bequest |
n. the gift of personal property under the terms of a will. |
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| bestiality |
n. copulation by a human with an animal, which is a crime i |
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| BFP |
n. slang for bona fide purchaser, which means someone who p |
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| bias |
n. the predisposition of a judge, arbitrator, prospective j |
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| bid |
n. an offer to purchase with a specific price stated. It in |
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| bifurcate |
v. the order or ruling of a judge that one issue in a case |
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| bifurcation |
n. the act of a judge in dividing issues before a trial so |
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| bigamy |
n. the condition of having two wives or two husbands at the |
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| bill |
n. 1) what is commonly called a "check" by which the signer |
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| bill of lading |
n. a receipt obtained by the shipper of goods from the carr |
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| Bill of Rights |
n. the first ten amendments to the federal Constitution dem |
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| bill of sale |
n. a written statement attesting to the transfer (sale) of |
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| binder |
n. a written statement of the key terms of an agreement, in |
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| blackmail |
n. the crime of threatening to reveal embarrassing, disgrac |
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| blue laws |
n. state or local laws which prohibit certain activities, p |
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| blue sky laws |
n. laws intended to protect the public from purchasing stoc |
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| boiler room |
n. a telephone bank operation in which fast-talking telemar |
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| boilerplate |
n., adj. slang for provisions in a contract, form or legal |
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| bona fide |
adj. Latin for "good faith," it signifies honesty, the "rea |
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| bond |
n. 1) written evidence of debt issued by a company with the |
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| bondsman |
n. 1) someone who sells bail bonds. 2) a surety (guarantor |
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| booby trap |
n. a device set up to be triggered to harm or kill anyone e |
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| book account |
n. an account of a customer kept in a business ledger of de |
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| book value |
n. a determination of the value of a corporation's stock by |
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| bottomry |
n. a mortgage contract in which a ship and/or its freight i |
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| boycott |
n. organized refusal to purchase products or patronize a st |
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| breach |
1) n. literally, a break. A breach may be a failure to perf |
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| breach of trust |
n. 1) any act which is in violation of the duties of a trus |
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| bribery |
n. the crime of giving or taking money or some other valuab |
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| brief |
1) n. a written legal argument, usually in a format prescri |
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| broker |
n. in general, a person who arranges contracts between a bu |
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| bucket shop |
n. an unofficial and usually illegal betting operation in w |
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| bulk sale |
n. the sale of all or a large part of a merchant's stock as |
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| bulk sales acts |
n. state laws (spelled out in the Uniform Commercial Code a |
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| burden of proof |
n. the requirement that the plaintiff (the party bringing a |
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| burglary |
n. the crime of breaking and entering into a structure for |
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| business |
n. any activity or enterprise entered into for profit. It d |
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| but for rule |
n. one of several tests to determine if a defendant is resp |
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| bylaws |
n. the written rules for conduct of a corporation, associat |
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