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(A) Decisions that are made on an issue in cases that serve as a point of reference or authority for a judge in deciding the same or similar issues in later cases. Precedent creates expectations in society about how a matter should be resolved. Lower courts are usually compelled to follow precedent when a higher court has ruled on a similar legal issue. (B) the decision of … [Read more...] about PRECEDENT

Fraudulent lending practices where experienced lenders take advantage of inexperienced borrowers, typically convincing them to take out high interest mortgages that they are unable to afford. … [Read more...] about PREDATORY LENDING

chanc. plead. That part of a bill which prays that the defendant be compelled to appear and answer the bill, and abide the determination of the court on the subject, is called prayer of process. This prayer must contain the name's of all Persons who are intended to be made parties. is a petition with which a bill in equity used to conclude, to the effect that a writ of subpoena … [Read more...] about PRAYER OF PROCESS

An introductory statement to something which explains the purpose and/or objectives of the document or instrument, e.g. the Preamble to the U.S. Constitution. A clause at the beginning of a constitution or statute explanatory of the reasons for its enactment and the objects sought to be accomplished. … [Read more...] about PREAMBLE

A statement attached to the beginning of the U.S. Constitution which reads: … [Read more...] about PREAMBLE TO THE CONSTITUTION