Privaty in possession – this legal term is used in the area of Real Estate Law, where refers to the knowledge of line of possessors. I.e. each possessor knows what they are going to possess and from whom they are…

Privity in Deed – this legal term is used in the sphere of Property Law, where it details an obligation implemented in a contract for transfer of Title of real estate. This obligation should be followed by the obliged party.…

Privity of contract – this legal term is used in the sphere of Law of Contracts. It means to participate as a negotiating party in an agreement. The privity of contract entitles a participating party to initiate legal proceedings and…

Privileged debt – this legal term is used in the area of Insolvency Procedures. It details a secured debt, which has priority among the other debts, and should be repaid first to judgment creditors (who are called “privileged creditors”). For…

Privileged creditor – This term is used in the area of Insolvency Law. It refers to the legal figure of an individual, corporate body, or a governmental institution that holds a judgment decision against the debtor that is secured by…

Privileged communications – this term refers to communications that due to their origin (i.e. made in a situation and place of privacy) can not be legally used as evidence in a court of law, especially against the parties who have…