TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
In criminal law. That quality which imparts criminality to a motive or act, and renders the person amenable to punishment by the law. That disposition to violate the law which has manifested itself by some act already done. The opposite of innocence. See Ruth. Inst. b. 1, c. 18, … [Read more...]
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
This is the grand total of all the assets of an estate. … [Read more...]
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
The bottom floor. In general usage, the start of something, usually a venture where one can buy into an opportunity before it increases in value and becomes prohibitive to enter. … [Read more...]
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
contracts. He lo whom a guaranty is made. 2. The guarantee is entitled to receive payment, in the first place, from the debtor, and, secondly, from the guarantor. He must be careful not to give time beyond that stipulated in the original agreement, to the debtor, without the consent of the guarantor; the guarantee should, at the instance of the guarantor, bring an action … [Read more...]
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
The total income that a person or business derives from all sources prior to being reduced by allowable deductions, exemptions and other adjustments. … [Read more...]