Balance sheet – within the area of Corporate Law, this legal term details the precise, full and official report, which details the financial standing of a local corporate body (a company). In many countries balance sheets are public and available…
Bailor – in many legal systems the bailor is the owner of valuable assets, being movable and immovable properties, who temporarily transfers possession of their property to another person – namely the bailee, under concluded bailment agreement. The asset goes…
Bailment – this term details the transfer of possession of a concrete asset (by the bailor) to another person (called the bailee) for some temporary purpose (for example, storage). After which transfer the asset is either returned to the bailor…
Bailiwick – this term is used in Litigation Procedures in some jurisdictions, where it details the practicing area of the bailiff or enforcement agent. In many countries, this area of practice covers the jurisdiction area of the local Court which…
Bailiff – This term refers to a legal figure existing in the Bankruptcy and debt collection procedures in most legal systems. The Bailiffs and enforcement agents are professionals (usually qualified in Law), who are authorized to remove and sell assets…
Bailee – in the area of Real Estate Law in some jurisdictions, this legal term details the figure of the person who receives movable property or real estate through a contract of bailment, from the bailor. And who may be…
Bail – this term, used in the Criminal Procession Law in some countries details a commitment made by a police, prosecutor or a judge and secured by depositing money or government bills of exchange. It has to grant the release of…
Bag – Bag is a legal term, which could have two different meanings, depending on its application in the legal practice: – Within the Labor Law, it refers to the legal action to fire (release) an employee from work. This…
Backing – this legal term finds application in the court proceedings in some jurisdictions, where it literally means “assisting”, “approving”; “covering” ( for example, the performed already legal actions, for example). In practice, clients can later officially approve some immediate…
Bad faith – this term refers to the intention to deceive. Within the area of Criminal Law in some jurisdictions, a person who intentionally tries to deceive or mislead another one in order to steal something from them (for their…