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| This dictionary contains: 8526 juridical terms |
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Limited liability
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Limited liabilityShareholders in a limited company are only liable to third parties to the limit of their shareholding. Other participants would not normally have any personal liability except with respect to creditors where there has been wrongful or fraudulent trading or when personal guarantees or other such undertakings have been given by directors or others.
RELATED TERMS--------------------------------------
Company
An association of a number of individuals for the purpose of carrying on some legitimate business.
Liable
Legally responsible.
Parties
Contracts. Those persons who engage themselves to do, or not to do the matters and things contained in an agreement.
Personal
Belonging to the person.
Liability
A person or organization's extent of responsibility for a loss. An item of value that is part of the overall debt or obligation of a person or business.
When
1) At which time, in wills, standing by itself unqualified and unexplained, this is a word of condition denoting the time at which the gift is to continence. 2) The context of a will may show that the word when is to be applied to the possession only, not to the vesting of a legacy; but to justify this construction, there must be circumstances, or other expressions in the will, showing such to have been the testator's intent.
Guarantees
A guarantor undertakes that he will repay a debt incurred by another person or company to a bank or other creditor and the bank or other creditor can require him to pay the outstanding amount if that person cannot or will not pay their indebtedness. Proprietors and directors of companies are often asked to give personal guarantees for their company's borrowings to provide additional security.
Directors
Persons who are appointed to the board of directors under procedures contained in the Articles of Association are the directors of the company. Shadow directors may also be treated as directors in some circumstances. Executives whose job title describe them as a director but are not members of the board are not treated as directors, although they may have ostensible authority to bind the company as if they were.
SIMILAR TERMS--------------------------------------
Limitation
Estates. When an estate is so expressly confined and limited by the words of its creation, that it cannot endure for a longer time than till the contingency shall happen, upon which the estate is to fail, this is denom-inated a limitation; as, when land is granted to a man while he continues unmarried, or until the rents and profits shall have made a certain sum, and the like; in these cases the estate is limited, that is, it does not go beyond the happening of the contingency.
Limitation of shipowners' liability
The ancient right of shipowners, later extended to charterers, managers, salvors and insurers of ships, to limit their liability for certain maritime claims, either to a sum representing the value of the vessel and pending freight after the casualty, or to a sum determined by the tonnage of the vessel, depending upon the jurisdiction concerned and the applicable or national law.
Limited company
All companies have limited liability except for those incorporated as unlimited companies. The latter are rarely encountered and tend only to be used to serve specific tax or accounting arrangements.
Limited jurisdiction
Refers to courts that are limited in the types of criminal and civil cases they may hear. For example, traffic violations generally are heard by limited jurisdiction courts.
Limited partner
A unique colleague in a partnership relationship who has agreed to be liable only to the extent of his (or her) investment. Limited partners, though, have no right to manage the partnership. Limited partners are usually just investors or promoters who seek the tax benefits of a partnership
Limitrophe
Adjacent, bordering or contiguous.
PREVIOUS AND NEXT TERMS--------------------------------------
Limbs
Those members of a man which may be useful to him in flight, and the unlawful deprivation of which by another amounts to a mayhem at common law.
Limitation
Estates. When an estate is so expressly confined and limited by the words of its creation, that it cannot endure for a longer time than till the contingency shall happen, upon which the estate is to fail, this is denom-inated a limitation; as, when land is granted to a man while he continues unmarried, or until the rents and profits shall have made a certain sum, and the like; in these cases the estate is limited, that is, it does not go beyond the happening of the contingency.
Limitation of shipowners' liability
The ancient right of shipowners, later extended to charterers, managers, salvors and insurers of ships, to limit their liability for certain maritime claims, either to a sum representing the value of the vessel and pending freight after the casualty, or to a sum determined by the tonnage of the vessel, depending upon the jurisdiction concerned and the applicable or national law.
Limited company
All companies have limited liability except for those incorporated as unlimited companies. The latter are rarely encountered and tend only to be used to serve specific tax or accounting arrangements.
Limited jurisdiction
Refers to courts that are limited in the types of criminal and civil cases they may hear. For example, traffic violations generally are heard by limited jurisdiction courts.
Limited liability
Limited partner
A unique colleague in a partnership relationship who has agreed to be liable only to the extent of his (or her) investment. Limited partners, though, have no right to manage the partnership. Limited partners are usually just investors or promoters who seek the tax benefits of a partnership
Limitrophe
Adjacent, bordering or contiguous.
Line
1) Measures. A line is a lineal measure containing the one twelfth part of a on inch. 2) Estates. The division between two estates. Limit; border; boudary.
Lineage
Properly speaking lineage is the relationship of persons in a direct line; as the grandfather, the father, the son, the grandson, &c.
Lineal
That which comes in a line. Lineal consanguinity is that which subsists between persons, one of whom is descended in a direct line from the other. Lineal descent, is that which takes place among lineal kindred.
RELATED TERMS--------------------------------------
Company
An association of a number of individuals for the purpose of carrying on some legitimate business.
Liable
Legally responsible.
Parties
Contracts. Those persons who engage themselves to do, or not to do the matters and things contained in an agreement.
Personal
Belonging to the person.
Liability
A person or organization's extent of responsibility for a loss. An item of value that is part of the overall debt or obligation of a person or business.
When
1) At which time, in wills, standing by itself unqualified and unexplained, this is a word of condition denoting the time at which the gift is to continence. 2) The context of a will may show that the word when is to be applied to the possession only, not to the vesting of a legacy; but to justify this construction, there must be circumstances, or other expressions in the will, showing such to have been the testator's intent.
Guarantees
A guarantor undertakes that he will repay a debt incurred by another person or company to a bank or other creditor and the bank or other creditor can require him to pay the outstanding amount if that person cannot or will not pay their indebtedness. Proprietors and directors of companies are often asked to give personal guarantees for their company's borrowings to provide additional security.
Directors
Persons who are appointed to the board of directors under procedures contained in the Articles of Association are the directors of the company. Shadow directors may also be treated as directors in some circumstances. Executives whose job title describe them as a director but are not members of the board are not treated as directors, although they may have ostensible authority to bind the company as if they were.
SIMILAR TERMS--------------------------------------
Limitation
Estates. When an estate is so expressly confined and limited by the words of its creation, that it cannot endure for a longer time than till the contingency shall happen, upon which the estate is to fail, this is denom-inated a limitation; as, when land is granted to a man while he continues unmarried, or until the rents and profits shall have made a certain sum, and the like; in these cases the estate is limited, that is, it does not go beyond the happening of the contingency.
Limitation of shipowners' liability
The ancient right of shipowners, later extended to charterers, managers, salvors and insurers of ships, to limit their liability for certain maritime claims, either to a sum representing the value of the vessel and pending freight after the casualty, or to a sum determined by the tonnage of the vessel, depending upon the jurisdiction concerned and the applicable or national law.
Limited company
All companies have limited liability except for those incorporated as unlimited companies. The latter are rarely encountered and tend only to be used to serve specific tax or accounting arrangements.
Limited jurisdiction
Refers to courts that are limited in the types of criminal and civil cases they may hear. For example, traffic violations generally are heard by limited jurisdiction courts.
Limited partner
A unique colleague in a partnership relationship who has agreed to be liable only to the extent of his (or her) investment. Limited partners, though, have no right to manage the partnership. Limited partners are usually just investors or promoters who seek the tax benefits of a partnership
Limitrophe
Adjacent, bordering or contiguous.
PREVIOUS AND NEXT TERMS--------------------------------------
Limbs
Those members of a man which may be useful to him in flight, and the unlawful deprivation of which by another amounts to a mayhem at common law.
Limitation
Estates. When an estate is so expressly confined and limited by the words of its creation, that it cannot endure for a longer time than till the contingency shall happen, upon which the estate is to fail, this is denom-inated a limitation; as, when land is granted to a man while he continues unmarried, or until the rents and profits shall have made a certain sum, and the like; in these cases the estate is limited, that is, it does not go beyond the happening of the contingency.
Limitation of shipowners' liability
The ancient right of shipowners, later extended to charterers, managers, salvors and insurers of ships, to limit their liability for certain maritime claims, either to a sum representing the value of the vessel and pending freight after the casualty, or to a sum determined by the tonnage of the vessel, depending upon the jurisdiction concerned and the applicable or national law.
Limited company
All companies have limited liability except for those incorporated as unlimited companies. The latter are rarely encountered and tend only to be used to serve specific tax or accounting arrangements.
Limited jurisdiction
Refers to courts that are limited in the types of criminal and civil cases they may hear. For example, traffic violations generally are heard by limited jurisdiction courts.
Limited liability
Limited partner
A unique colleague in a partnership relationship who has agreed to be liable only to the extent of his (or her) investment. Limited partners, though, have no right to manage the partnership. Limited partners are usually just investors or promoters who seek the tax benefits of a partnership
Limitrophe
Adjacent, bordering or contiguous.
Line
1) Measures. A line is a lineal measure containing the one twelfth part of a on inch. 2) Estates. The division between two estates. Limit; border; boudary.
Lineage
Properly speaking lineage is the relationship of persons in a direct line; as the grandfather, the father, the son, the grandson, &c.
Lineal
That which comes in a line. Lineal consanguinity is that which subsists between persons, one of whom is descended in a direct line from the other. Lineal descent, is that which takes place among lineal kindred.
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This dictionary contains 8526 terms.
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