A comprehensive exploration of the 18--25 Trust, a financial trust established for the benefit of young individuals who gain full ownership of the trust property by their 25th birthday. This article covers the legal framework, inheritance tax implications, historical context, and practical applications.
The landmark 1948 Supreme Court ruling in Shelley v. Kraemer declared racially restrictive covenants unenforceable, a pivotal moment in the fight against housing discrimination in the United States.
501(c)(3) is a section of the U.S. Internal Revenue Code that defines tax-exempt entities, typically used by qualified charities. This article elaborates on its definition, requirements, examples, and related terms.
501(c)(3) organizations are nonprofit entities that meet specific criteria under the United States Internal Revenue Code, making them exempt from federal income tax.
A detailed look at A1, covering various financial, economic, and legal considerations related to refunds, salary adjustments, equity ratios, and living trusts.
An in-depth examination of the term 'Ab Initio' and its usage across various domains, signifying 'from the beginning.'
Abode refers to a place of residence, often used in legal contexts to denote an individual's home or dwelling.
A comprehensive exploration of Absolute Entitlement in trusts, including historical context, types, key events, explanations, importance, applicability, examples, related terms, comparisons, and more.
A detailed exploration of absolute immunity and qualified immunity in legal contexts, their historical development, key distinctions, applications, and implications.
Absolute Obligation is an unqualified duty to perform, often used synonymously with Hell or High Water obligations.
A comprehensive exploration of abuse of a dominant position, an anticompetitive practice by large corporations, focusing on historical context, key events, and implications under Article 102 of the Treaty on the Functioning of the European Union and the UK Competition Act 1998.
The use of anticompetitive business practices by a dominant firm to maintain or increase market share, either in the product market or in a geographic market.
Academic Freedom is the principle that allows scholars to pursue truth in their teaching, discussion, and research without facing censorship or adverse consequences.
Accord and Satisfaction is a legal concept that allows a party to a contract to avoid an existing obligation, provided the other party agrees. It involves the accord (agreement) and the satisfaction (consideration) to make the agreement legally binding.
Understanding the right of accountants to retain possession of property until debts are settled.
The EU Accounting Directive (2014) aims to simplify the disclosure requirements for small companies through the introduction of abridged accounts, with special rules for micro-entities. Incorporated into UK law in 2015, applicable to financial periods starting on or after 1 January 2016.
An in-depth look at Accumulation and Maintenance Trusts, a form of discretionary trust used primarily for the benefit of children and young adults. Explore its historical context, types, key events, mathematical models, charts, and importance.
Accusation refers to a claim that someone has done something illegal or wrong. It often overlaps with allegations in criminal contexts.
The term 'Accused' refers to an individual formally charged with committing a criminal offense, synonymous with 'defendant' in criminal law. This entry delves into its definition, legal implications, historical context, and related terms.
An in-depth exploration of acquired rights, their historical context, categories, key events, applications in law, related terms, comparisons, and significant FAQs.
A comprehensive guide to Acquisition Fraud, including historical context, types, key events, mathematical models, and prevention strategies.
A detailed examination of the concept of 'Acting in Concert,' where multiple parties collaborate in an undertaking, including historical context, key events, examples, and related terms.
Actual Authority refers to the explicit and direct authority given to an agent by a principal through mutual agreement, enabling the agent to act on the principal's behalf.
When a party involved in a contract fails to perform their obligations on the due date, it is termed as an 'Actual Breach.' This breach constitutes a violation of the agreed terms and can have various legal consequences.
A comprehensive analysis of Actual Eviction, detailing its definition, legal implications, historical context, examples, related terms, and more.
Detailed exploration of 'Executed Trust' and 'Executed Testament', their historical context, legal framework, and implications.
An in-depth exploration of adjudication, focusing on its role in legal proceedings, especially bankruptcy.
An adjudicator is someone who makes a formal judgment or decision about a problem or disputed matter. Learn about their roles, applicability, and historical context.
An in-depth look at Adjustment of Status, the process through which non-immigrants in the U.S. can obtain lawful permanent resident status (Green Card). This entry covers requirements, procedures, examples, and frequently asked questions.
Administration is a legal process designed to manage companies in financial distress with the goal of restructuring and survival or maximizing asset value in liquidation.
An in-depth look at administration orders, which are legal mechanisms designed to manage the debts of individuals or companies in financial difficulty, preventing bankruptcy and facilitating asset realization.
The Administrative Procedure Act (APA) is a U.S. federal statute that governs the way in which administrative agencies propose and establish regulations, ensuring transparency, accountability, and public participation.
An administrative receiver is a receiver appointed by the holder of a floating charge covering the whole, or substantially all, of a company's assets. The administrative receiver has the power to sell the secured assets or to manage the company's business. This term is crucial in insolvency law and finance.
Administrative sanctions are non-monetary penalties such as license suspension or revocation, imposed by regulatory agencies or administrative bodies to ensure compliance with legal and regulatory standards.
An in-depth look into the role of an administrator, their responsibilities in managing property and affairs of others, including deceased individuals, and the legalities involved.
An in-depth exploration of what constitutes admissible evidence in court, including historical context, categories, key events, and relevant legal principles.
Comprehensive coverage of the term 'Admissions' in the context of law, including definitions, types, special considerations, and examples.
Adoption is the act of legally taking another's child and bringing it up as one's own, or in broader terms, taking on something as one's own.
An in-depth exploration of adoption dissolution, including historical context, key events, legal implications, and much more.
An advance directive is a broad legal document for future health care decisions, often including elements like a Health Care Power of Attorney and a Living Will.
Advancement refers to a payment made by a parent to a child during their lifetime, which the child would receive as an heir upon the parent's death.
An Advocate is either a lawyer who pleads cases in court, or a person who publicly supports a cause or policy. This entry explores the diverse roles and responsibilities of advocates in various contexts.
An Affidavit of Service is a legal document used to prove that a party has received a specific notice or document. It plays a crucial role in ensuring due process in legal proceedings.
Affirmative Action is a principle underlying policies in employment and education aimed at ensuring equal opportunities for all by addressing past discrimination.
A parliamentary procedure whereby a statutory instrument must be explicitly approved by Parliament, often used to ensure democratic scrutiny and legitimacy.
Explore the age of criminal responsibility, the age at which individuals are deemed capable of committing a crime and being prosecuted legally. Understand its historical context, global variations, key events, and more.
The age at which a person is legally recognized as an adult, assuming control over their assets and responsibilities.
A formal relationship established through a mutual agreement between the principal and the agent where the agent is authorized to act on behalf of the principal.
An in-depth exploration of the legal framework that governs the interactions and obligations between agents and principals.
A comprehensive overview of an agent, including types, roles, historical context, mathematical models, and applicability across various domains.
An in-depth exploration of the term Agent/Attorney-in-Fact, elucidating the roles, responsibilities, implications, historical context, and legal considerations.
Comprehensive understanding of Agreements and Joint Ventures, including their definition, types, considerations, examples, historical context, applicability, and related terms.
A legal plea in the United States where the defendant does not admit guilt but acknowledges that sufficient evidence exists for a conviction.
An in-depth exploration of the term 'alienable,' its historical context, types, key events, and more.
A comprehensive guide to understanding alimony payments, including their historical context, types, key events, and tax implications. This article covers important considerations, related terms, and frequently asked questions to provide a full understanding of alimony payments in the USA.
An intermediate standard focusing on reasonable actions without an exhaustive commitment.
The Alter Ego Doctrine considers whether a corporation is merely an extension of its individual owner. It can be used to hold the owner personally liable for the corporation's actions.
A comprehensive overview of Alternative Dispute Resolution (ADR), its historical context, types, key events, importance, applicability, and related terms.
A comprehensive overview of the Ambiguity Rule, a US legal principle requiring judges to interpret ambiguities in insurance contracts against the insurer and in favor of the insured.
The American Arbitration Association (AAA) is a leading organization that provides services for the administration of arbitration and other alternative dispute resolution (ADR) processes.
AML (Anti-Money Laundering) encompasses laws, regulations, and procedures designed to prevent money laundering activities, ensuring the financial system is protected from illicit funds.
Exploring the Concept of Amnesty: Definition, Types, Historical Context, and More
A detailed exploration of ancillary credit businesses involved in credit brokerage, debt adjusting, debt counselling, debt collecting, debt administration, and operation of credit-reference agencies, underpinned by the Consumer Credit Act 1974.
Annul: To formally declare a legal order or contract null and void. Detailed insights into its meaning, historical context, types, examples, and applicability.
Comprehensive guide to annulment in bankruptcy, including historical context, types, key events, importance, applicability, and related terms.
An in-depth look at the concept of anonymity, its importance, types, historical context, and its various applications across different fields.
An Answer is the defendant's formal response to a plaintiff's complaint, addressing the accusations and presenting defenses.
To date a document before the date on which it is drawn up. This is not necessarily illegal or improper. For instance, an ante-dated cheque is not in law invalid.
Anti-Trust Laws are regulations enacted to prevent monopolies and promote competition in the market, ensuring free trade and protecting consumers.
Anticipatory repudiation occurs when one party declares, before the performance is due, that they will not fulfill their contractual obligations. This encyclopedia article explores its historical context, types, key events, legal implications, and more.
Comprehensive guide on antitrust laws and policies designed to prevent monopolies and promote competition in the market.
Comprehensive overview of Antitrust policies in the United States, key events, agencies involved, importance, applicability, and related terms.
An in-depth look at Antitrust Law, the regulations designed to promote fair competition for the benefit of consumers by preventing monopolies and unfair business practices.
Regulations established to promote competition and prevent monopolistic practices, ensuring a fair and open market.
An appeal is a process in law where a case is reviewed by a higher court, revisiting the decision of a lower court, with the intention to correct or review any possible errors.
An in-depth exploration of appellate briefs, including their purpose, structure, historical context, key components, and significance in the judicial system.
Comprehensive overview of appellate jurisdiction, detailing its history, significance, processes, types, and more.
Appellate Review is the process by which a higher court examines the decision and record of a lower court, typically to determine if there have been legal errors that warrant a reversal or modification of the lower court's decision.
An in-depth exploration of Appropriation Bills, their history, categories, significance, procedures, and more.
A detailed explanation of Appropriative Rights, a system for water rights allocation based on the principle of first use, particularly common in the arid Western U.S. states.
Detailed understanding of approval, a formal consent or agreement, including its various forms, applicability in different fields, historical context, and related terminologies.
Explore the distinct legal and practical implications of approval and ratification, their definitions, examples, historical context, and applicability.
An arbitral award is the final decision issued by an arbitrator in a dispute resolution process known as arbitration. It legally binds parties to the agreement and aims to resolve conflicts effectively and efficiently.
The determination of a dispute by an arbitrator or arbitrators rather than by a court of law. Explore the historical context, types, key events, detailed explanations, and more.
An in-depth exploration of arbitration, its history, types, key events, importance, applicability, examples, and related terms. Learn about the role of arbitration in resolving commercial and labor disputes effectively.
An in-depth examination of arbitration agreements, where parties consent to resolve disputes through arbitration rather than litigation.
A comprehensive guide to understanding arraignment in the criminal justice system, including definitions, procedures, and significance.
Explore the definition, historical context, types, key events, detailed explanations, and importance of arrangements in finance and law. Understand intermediary roles in transactions, models, examples, and more.
Articles of Partnership, also known as a partnership agreement, are the legal documents that dictate the terms and conditions of a business partnership.
An artificial person, or legal entity, is recognized by law as having distinct legal rights and duties. This term often applies to companies and corporations.
The ASIC Act 2001 delineates the Australian Securities and Investments Commission's powers, functions, and duties. It is a crucial legislative framework ensuring the integrity and transparency of Australia's financial markets.
Assent refers to the agreement by minors or individuals who are not legally able to give full consent. It involves acknowledgment or expression of willingness to participate or comply.
A comprehensive guide on the legal process where the government permanently takes ownership of property linked to criminal activity.
A comprehensive guide to understanding asset freezes, including historical context, types, key events, explanations, importance, and more.
Detailed explanation of asset freezing, its types, historical context, importance, applicability, and more.
An in-depth look at Asset Preservation Orders, their historical context, types, key events, detailed explanations, and more.
Asset Protection encompasses legal strategies and tools to safeguard assets from potential claims by creditors. This definition explores its concepts, methods, and implications.
The act of legally taking control of assets, often following an asset freeze.
Comprehensive definition of Asset Transfer involving the process of transferring all types of assets from one owner to another, along with examples, types, and special considerations.
To assign is to transfer rights or property to another party, often in a contractual context, or to designate a specific function or task.
