TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
1. Valid; sufficient In law; effectual ; unobjectionable. 2. Responsible; solvent; able to pay an amount specified. 3. Of a value corresponding with its terms; collectible. A note is said to be "good" when the payment of it at maturity may be relied on. Curtis v. Smallman, 14 Wend. (N. Y.) 232; Cooke v. Nathan, 16 Barb. (N. Y.) 344. Writing the word "Good" across the face of a … [Read more...]
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
The process of putting up money or a security in exchange for the release of a person who has been arrested as a guarantee that the arrested person will appear for trial. Slang term for bail. … [Read more...]
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
The current fair market rate. The rate that the market is willing to accept at the current time. … [Read more...]
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
probi et legales homines. The law requires that those who serve on juries shall be good. and lawful men; by which is understood those qualified to serve on juries; that is, that they be of full age, citizens, not infamous nor non compos mentis, and they must be res ident in the county where the venue is laid. … [Read more...]
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
That which has been presented and deemed acceptable to be entered into evidence to be considered by the court. … [Read more...]