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Legal terms

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Legal

Property

Law; Legal

A thing or things that is(are) valuable to someone and also is(are) belonging to someone.

Proximate cause

Law; Legal

Proximate cause is that in which defendant is liable for all harmful results that are the normal incidents of and within the increased risk caused by his acts.

Liability

Law; Legal

The financial obligations entered in the balance sheet of a business enterprise.

Business licence

Law; Legal

A legal document that grants you the right to operate a business in your city.

Limited liability company (LLC)

Law; Legal

A noncorporate business whose owners actively participate in the organization's management and are protected against personal liability for the organization's debts and obligations.

Judicial interpretation

Law; Legal

A theory or mode of thought that explains how the judiciary should interpret the law, particularly constitutional documents and legislation.

Joint stock limited company

Law; Legal

An association engaged in a business for profit with ownership interests represented by shares of stock.

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