Bona notabilia – this phrase comes from Latin. In the sphere of Inheritance Law in some legal systems it refers to the inherited assets with valuable price, usually in different areas.

Bona memoria – this term comes from Latin: Literally it means “in clear mind”. In the sphere of Inheritance Law in some jurisdictions it refers to the mental capacity of the testator to leave inheritance with a will.

Bona fide possessor – this term comes from Latin. It is used in the Real Estate Law, to detail the figure of a good-faith possessor on a real estate, which belongs to other owners. The good-faith possessor is entitled to…

Bona fide – this term comes from Latin. Literally it means “in good faith. Usually it refers to a situation, where a purchaser or acquirer receives something without fraudulent actions. In addition the term “Bona fide lawyer” refers to self-employed…

Black market – this term is part of the Commercial Law in some countries. It refers to distribution of valuable goods, which are ruled by the Authorities, but trading parties find ways to sell these “under the table”, i.e. beyond…

Black hole – usually in Divorce procedures in some jurisdictions, when one of the parties suddenly dies, the other party within the divorce case is considered to find themselves in a “black hole”. In simple words, they are meeting financial…

Biweekly mortgage contract – in the area of Law of Contracts, this term refers to a loan agreement, secured with a mortgage, established on the immovable estate of the borrower. They have to pay back the loan, i.e. to make…

Birth certificate – in most countries the birth certificate is issued after the birth of a person, in order to serve two main purposes: 1) To identify the born baby via giving unique name to it, as well to identify…

Bird dog – in the area of Real Estate Law in some countries, the bird dog refers to the figure of immovable property investor or speculator. He seeks for cheap real estates that can be improved or renovated with small…

Binding rule – this term is used in Court Trials in some legal systems. There it refers to legal rule, following which, if the court discovers certain facts and/or conditions to be relevant and real, then the court should decide…