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,…

Abandonee – Abandonee is someone who receives a legal right by somebody. in the sphere of Real Estate Law, this legal term refers fo the figure of a person to whom property right or real estate is legally abandoned or…

Abandoned infant – within the Child Care procedures, this phrase refers to the figure of a small child, which has been left somewhere in public places (like on a bench in the park, or in a store) without any identification…

Abandonment – This legal term finds application within the area of Contract Law in some legal systems. There it refers to the act of giving up a legal right toward a third party. In other words – to give your…

Abatement – briefly this term details a reduction in some amount which debtor owes towards creditors. The creditor who has to receive the debt, usually promises abatement to the debtor in case of quick cash payment. In the area of…

Earles-penny – within the area of the Contracts & Obligations Law, this term refers to the earnest money, being the 1st installment per a contract. For example, when signing a private purchasing contract for real estate, in most jurisdictions it is…

C Corporation – this legal term finds application within the area of the Corporate & Business Law in some legal systems. There it refers to a specific type of business corporate entity, established by the local government for public purposes…