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POLYGARCHY

by Law Professor

A term used to express a government which is shared by several persons; as, when two brothers succeed to the throne, and reign jointly. … [Read more...] about POLYGARCHY

PONZI SCHEME

by Law Professor

Also known as a pyramid scheme and named after Charles Ponzi, a successful swindler of the early 20th century. It is investment fraud. Investors are lured by promises of outrageous returns but the payment of purported returns to the existing investors are actually paid from funds contributed by new investors, rather than actual profits. … [Read more...] about PONZI SCHEME

PORRECTING

by Law Professor

Producing for examination or taxation, as porrecting a bill of costs, by a proctor. … [Read more...] about PORRECTING

POLICE

by Law Professor

Police Is the function of that branch of the administrative machinery of government which Is charged with the preservation of public order and tranquillity, the promotion of the public health, safety, and morals, and the prevention, detection, and punishment of crimes. The police of a state, in a comprehensive sense, embraces its whole system of internal regulation, by which … [Read more...] about POLICE

POLL

by Law Professor

A head. Hence poll tax is the name of a tax imposed upon the people at so much a head. 2. To poll a jury is to require that each juror shall himself declare what is his verdict. This may be done at the instance of either party, at any time before the verdict is recorded. … [Read more...] about POLL

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