Terms with Tag Legal
- Proprietor — Definition,
- The owner of a business or property.
- Province of Domicile — Definition,
- The province where an individual lives or intends to live permanently or for a long term, regardless of the individual's current location.
- Public Legal Information Association of Newfoundland (PLIAN) — Company, Newfoundland and Labrador, Canada,
- Public Record (PR) — Acronym,
- Quantum Meruit — Definition,
- Used in contract law it means "reasonable value of services."
- Real Estate Attorney — Definition,
- A lawyer who specializes in the transfer of land and buildings and property tax issues.
- Receivership — Definition,
- A form of bankruptcy where a person is appointed to take control of a company and is responsible for recouping unpaid debts.
- Reconveyance — Definition,
- The transfer of title to the borrower after a mortgage has been paid fully.
- Renewable Term — Definition,
- An insurance policy that is can be renewed without needing the policyholder to re-qualify for insurance coverage.
- Repossession — Definition,
- The taking back of property after a borrower has stopped making payments.
- Rescission — Definition,
- Cancellation of a contract by agreement of the parties.
- Resident Alien — Definition,
- A person who is a legal permanent resident, but not a citizen, of Canada.
- Reverse Takeover — Definition,
- The purchase of a public company by a private company, often to avoid the IPO process.
- Rider — Definition,
- Additional insurance coverage that can added onto another insurance policy.
- Right of First Refusal — Definition,
- An agreement by an owner to give another party an opportunity to buy the property before it is offered to anyone else.
- Royalty Income — Definition,
- Payment for the use and exploitation of certain kinds of property, such as artistic or literary works, patents and mineral rights.
- Sales Contract — Definition,
- A legal written document that details the agreed upon conditions between a seller and a buyer regarding the sale of a specific property. Also called an "Agreement of Sale."
- Saskatchewan Trial Lawyers Association (STLA) — Company Est. 1985, Saskatchewan, Canada,
- Seasonal Unemployment — Definition,
- The loss of jobs due to changes in the climate and other conditions. Forestry, fishing and construction are affected by climate, while retailing is affected by seasons and holidays. For instance, at Christmas, retail employment is higher than in January.
- Settlement — Definition,
- An agreement between the parties of a legal case.
- Settlement Statement — Definition,
- A document that details who has paid how much to whom.
- Share Certificate — Definition,
- A certificate of deposit issued by a credit union that pays a specific dividend if held for a specific period. It's the credit union equivalent of a certificate of deposit. A penalty is usually assessed if all or any of the principal is withdrawn before maturity.
- Sole Proprietorship — Definition,
- A business owned by an individual where no legal distinction is made between the business and the owner.
- Solicitor Information — Definition,
- When you apply for a mortgage you will need a law firm with a lawyer's name and their contact information which would typically include the office location, phone number, fax number and e-mail address.
- Special Power of Attorney (SPA, SPOA) — Acronym,
- Specific Performance — Definition,
- A remedy in a court of equity compelling a defendant to carry out the terms of an agreement or contract. It is available only where the remedy of damages cannot afford adequate relief to the plaintiff.
- Statute — Definition,
- A law established by an act of the legislature.
- Statute of Frauds (SOF) — Acronym,
- A law which provides that certain contracts must be in writing to be enforceable at law. This includes real estate contracts.
- Statute of Limitations (SOL) — Acronym,
- A period of time specified by statute within which an action at law must be brought or else be forfeited.
- Statutory Liability — Definition,
- Liability that is assigned by law and is not open for interpretation.
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Proprietor -
Rescission
Rescission
