Abdication – this term literally means to give up, to refuse further usage of the power of ruling an organization. For example, the director of a foundation could abdicate from their chair. This could be done due to personal reasons.…

Abbrochment – this term applies to the Commercial Law in most jurisdictions.  Abbrochment is considered to be an intentional activity by a sole trader of monopolizing goods. The trader in such situation purchases all available goods of this kind. He/she…

Abbacinare – this term has been used in the Criminal Law back in time. Then it referred to an archaic type of punishment. It has applied as the guilty criminals have been blinded by executors. Such ancient punishments have been…

Abavus – this Latin term finds application in the Family Law in some legal systems. Most of all, this term details the figure of the grandfather’s grandfather. See more legal Latin terms at www.legal-latin.com

Abatement of tax – within the meaning, given by the Tax Law, this is considered to be a reduction which the debtor of tax, payable to their creditors may claim. Usually, debtors ask for such reduction when prescription deadlines for…

Abatement of bequest – this legal term applies in the area of Inheritance Law in some countries. There the abatement of bequest details the process of distribution of the assets, left by a testator at his death among the various…

Abatement clause – this term finds application within the area of Contract Law. There abatement clause refers to a clause, stipulated in rental agreements, that entitles the tenant to cancel it. Such right occurs when a force majeure event or…

Abatementum – this term comes from Latin: In the area of Inheritance Law, it is used to describe the abatement of freehold. In other words, it represents a wrongful dispossession of an heir, which is done by third interested parties.…

Abandonment value – this term is used in the Insolvency Law in some legal systems, where it details the liquidation cash value of a concrete material asset. I.e. this would be a fair market value which the creditors of the…

Abandonment clause – within the meaning, given by the Insurance law in many jurisdictions, this term is sometimes implemented in real estate insurance policies. It allows the real estate owner to abandon their real estate if it is completely damaged,…