legal glossary

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Bill of sale – in the Commercial Law the bill of sale represents a formal sale contract, which details the main details of a sale. These include its subject, the sale price, the figures of the sale and the buyer,…

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Beneficiary statement – In practice, this legal term finds application within the area of Financial Law. There it details a statement or certificate, issued by the lender of money (usually a bank institution). Where they officially detail and confirm the…

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Basic pay rates – the Labor Law in every country establishes a minimum rate of pay for employment, in order to protect the rights of labor workers. These minimum figures are called “basic pay rates”. They could be calculated either…

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Bankruptcy judge – within the area of Bankruptcy Law, this legal term refers to the figure of a governmental officer who performs and completes bankruptcy procedures against local corporate bodies that are not able to meet their debts. The goal…

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Arraign – this term finds application in the area of Criminal Law. To arraign means to prosecute. In other words – to bring judicial proceedings against a person and to administer them. To support the conviction until the conclusion of…

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Archdiocese – In the sphere of Real Estate Law, this term refers to the area related to one church, where in the past the parish described the area where people could walk to the church. A synonym is “parish”.

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Approver – this legal term finds application in the area of Criminal Law. There it refers to the figure of a person who has been convicted of heavy crimes and confesses his guilt before pleading guilty or not guilty. Together…

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Mortgage removal approval –  This legal term is used in the sphere of Real Estate Law. It refers to an official statement, issued by a bank towards the borrower and any interested parties. With it, the bank states that if a…

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Agency agreement – the Law of Contracts defines it as an agreement to regulate the relations between one party, called “assignor”, who wishes something to be done, usually against monetary reward. And another party called “assignee”, who wishes to perform…

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Acquisitive prescription – this legal phrase applies to the area of Real Estate Law. There it details the acquiring of ownership of the concrete real estate. This happens on the base of long, continuous and non-affected by third parties calm…