Overlapping jurisdiction – this term refers to a jurisdiction of more than one court which could have legal force over a legal dispute, so the claimant has the right to choose the local court in which the claim is to…

Over-insurance – in the sphere of Insurance Law, this term describes a signed policy which covers more money than the actual price of the insured property. In many countries such policies are illegal.

Over-improvement – this term refers in the meaning, given by the Property Law, refers to a long-term or permanent improvement, done on a real estate – for example a stone fence, solid ceiling, etc,, which increases its actual market value.

Overdue instrument – in the area of Finance Law, this term details a financial instrument which is being unpaid when presented to the debtor – i.e. the term refers to unpaid debt.

Overdraft – this term refers to situation of issuing a cheque for paying someone, but without covering it with enough funds; or to withdraw on the base of a specific contract with the bank, more money from an account, than…

Outstanding rights – in the area of Property Law the term refers these  real estate rights, for example encumbrances, obligations, or liens established on a immovable property in favor of a certain party (a creditor).

Outsource contract – within the meaning, given by the Law of Contracts, this term refers to an agreement, concluded between a corporate body and a service provider in which the service provider promises to provide necessary services with their own…

Outsider – this term refers to the legal figure of a person who is not related to the authority or organization in question.

Outright gift – within the area of Finance Law, this term defines a donation of money or other personal assets such as shares, immovable or movable property (plots, vehicles, etc.), made towards somebody. Donation of Bulgarian real estates has to…

Out-of-pocket principle – this term refers to a legal rule in Tort Law which provises that the damages, occurred in a breach of agreement should be the difference between the paid price towards the seller and what the actual price…