Juridical Dictionary

This dictionary contains:
8526
juridical terms

Assets




Assets

Cash, property and investments along with anything else that may be of value to a individual or business.

RELATED TERMS
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Cash
Commerce. Money on hand, which a merchant, trader or other person has to do business with.

Property
Property is commonly thought of as a thing which belongs to someone and over which a person has total control. But, legally, it is more properly defined as a collection of legal rights over a thing. These rights are usually total and fully enforceable by the state or the owner against others. It has been said that "property and law were born and die together. Before laws were made there was no property. Take away laws and property ceases." before laws were written and enforced, property had no relevance. Possession was all that mattered. There are many classifications of property, the most common being between real property or immoveable property (real estate such as land or buildings) and "chattel", or "moveable" (things which are not attached to the land such as a bicycle, a car or a hammer) and between public (property belonging to everybody or to the state) and private property.

Value
Common law. This term has two different meanings. It sometimes expresses the utility of an object, and some times the power of purchasing other good with it. The first may be called value in use, the latter value in exchange.



SIMILAR TERMS
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Assembly
The union of a number of persons in the same place.

Assessment
The making out a list of property, and fixing its valuation or appraisement; it is also applied to making out a list of persons, and appraising their several occupations, chiefly with a view of taxing the said persons and their property.

Assessment of damages
After an interlocutory judgment has been obtained, the damages must be, ascertained; the act of thus fixing the amount of damages is called the assessment of damages.

Assessors
Civil law. So called from the word adsidere, which Signifies to be seated with the judge.

Asseveration
The proof which a man gives of the truth of what be says, by appealing to his conscience as a witness.



PREVIOUS AND NEXT TERMS
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Assay
A chemical examination of metals, by which the quantity of valuable or precious metal contained in any mineral or metallic mixture is ascertained.

Assembly
The union of a number of persons in the same place.

Assessment
The making out a list of property, and fixing its valuation or appraisement; it is also applied to making out a list of persons, and appraising their several occupations, chiefly with a view of taxing the said persons and their property.

Assessment of damages
After an interlocutory judgment has been obtained, the damages must be, ascertained; the act of thus fixing the amount of damages is called the assessment of damages.

Assessors
Civil law. So called from the word adsidere, which Signifies to be seated with the judge.

Assets

Asseveration
The proof which a man gives of the truth of what be says, by appealing to his conscience as a witness.

Assign
To give, to transfer responsibility, to another. The assignee (sometimes also called "assigns") is the person who receives the right or property being given and the assignor is the person giving.

Assignation
Scotch law. The ceding or yielding a thing to another of which intimation must be made.

Assignee
One to whom an assignment has been made.

Assignment
The release by an afdc recipient of all rights to support arrearages owed the recipient and of the right to receive current child support as the result of the receipt of afdc.

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This dictionary contains 8526 terms.







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