Bare trust – this legal term is used in the Trust Law in some legal systems. It details a trust which temporarily holds the possession of asset on behalf of a person until they ask for it. The person holding…

Bar Council – This term usually refers to the professional association or organization of attorneys-at-law, which regulates their membership and practice in the particular state. For example, this is the collective organization for barristers in the UK and Wales –…

Bar Council – This is the name of the professional association, which regulates the membership and practice of lawyers in a particular jurisdiction. It could be a governmental body or independent entity. For example, the Bar Council is the collective…

Bankruptcy search – within the area of Corporate Law in some legal systems, this term details the official and public application for issuing a certificate by the Companies House (Register of Companies), showing if a local corporate body is bankrupted…

Bankruptcy petition – Within the meaning, given by the Commercial Law this legal term details the claim, submitted by the creditor towards the court for starting an insolvency procedure of local corporate body or private individual – debtor. The legal…

Bankruptcy note – this legal phrase is used in the Bankruptcy Law in some countries. It details an official notification served to the judgment debtor for making a voluntary payment of their debt towards the judgment creditors in stipulated deadlines.…

Bankruptcy – this legal term details a procedure, which is also known in many jurisdictions as “insolvency”. The formal condition of an insolvent corporate body being declared bankrupt under the provisions of the local Commercial Law. In many jurisdictions, only…

Banker’s draft – within the sphere of Banking law in many legal systems, this term details a cheque issued by a bank, where the funds are debited directly by the client’s account, once the beneficiary presents the cheque to the…

Bankbook – this term finds application in the Banking Law in some jurisdictions. It refers to a deposit sheet or a deposit document, attached to a bank account. This official document is usually issued by the bank which keeps the…

Banc – this term could have two different meanings: – it is used in Court Procedures in some countries, where details the court bench. – again in Court Trials, it could also mean the full number of members of the…