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General law
Common terminology used in legal business.
Industry: Law; Legal services
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General law
Nonsuit
Law; General law
A plaintiff's voluntary dismissal of a case or of a defendant, without a decision on the merits.
Non sequitur
Legal services; General law
An inference or conclusion that does not logically follow from the premises.
Nonskip person
Law; General law
A person who is not a skip person for purposes of the generation-skipping transfer tax.
Tax-benefit rule
Legal services; General law
The principle that if a taxpayer recovers a loss or expense that was deducted in a previous year, the recovery must be included in the current year's gross income.
Tax bracket
Legal services; General law
A categorised level of income subject to a particular tax rate under federal or state law.
Prenuptial agreement
Law; General law
It is a contract between two persons about to marry regarding property settlement in the event of divorce.
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