negative will means in legal terms: Negative wills are wills in which the testator tries to leave no heir to a person. This is called sta…

subprime loan means in legal terms: The bank may not approve a loan to someone who isn’t eligible for prime market rates. However, the le…

noise ordinance means in legal terms: Municipal laws that limit the amount of noise that may be produced at any given location and time. …

closed-end loan means in legal terms: Closed-end loans are loans that have a fixed repayment date. The loans are usually disbursed immedi…

dynamite charge means in legal terms: “Members, the jury has reported that they were unable to come up with a unanimous verdict on this c…

eggshell skull means in legal terms: The legal doctrine of “Eggshell Skull” states that the defendant’s tort liability is unaffected by a…

payback provision means in legal terms: This is a phrase that describes a clause in special needs trusts which, upon death, requires trus…

patent search means in legal terms: The first step in a patent search is to review any patents that have been issued. Patent applicants c…

certificate of organization means in legal terms: To establish the status of Limited Liability Company LLC, a certificate of organisation…