The risk that a legal action may occur and cause financial loss. … [Read more...] about LEGAL HAZARD
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LEGAL PROCESS
The civil or criminal court proceedings that consitute a case in court from beginning to end, including formal notices required to be given which compel a party to appear in court (the legal process). The term legal process usually refers to the practice of serving upon the defendant the legal notice to appear in court, also known as service or personal service if done in … [Read more...] about LEGAL PROCESS
LEGALITY, OR LEGALNESS
Lawfulness. … [Read more...] about LEGALITY, OR LEGALNESS
LEGAL HEIR
civil law. A legal heir is one who is of the same blood of the deceased, and who takes the succession by force of law; this is different from a testamentary or conventional heir, who takes the succession in virtue of the disposition of man. … [Read more...] about LEGAL HEIR
LEGAL RATE OF INTEREST
The maximum amount of interest that is permitted to be charged on a loan. … [Read more...] about LEGAL RATE OF INTEREST