Juridical Dictionary

This dictionary contains:
8526
juridical terms

Lowballing






Lowballing

Placing an unusually low bid to win the business. Often with the intent to inflate the price later with extras or change orders. Also can indicate a defective Request for Proposal.

RELATED TERMS
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Price
contracts. The consideration in money given for the purchase of a thing.

Change
The exchange of money for money.

Orders
1) Rules made by a court or other competent jurisdiction. The formula is generally in those words: It is ordered, &c. 2) Orders also signify the instructions given by the owner to the captain or commander of a ship which he is to follow in the course of the vovage.

Request
1) Contracts. A notice of a desire on the part of the person making it, that the other party shall do something in relation to a contract. 2) Pleading. The statement in the plaintiff's declaration that a demand or request has been made by the plaintiff from the defendant, to do some act which he was bound to perform, and for which the action is brought.

Proposal
An offer for consideration or acceptance.



SIMILAR TERMS
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Lost papers
When a paper containing an agreement between parties, a will, and the like, has been so mislaid, that after a diligent search it cannot be found, it is said to be lost.

Lot
Anything on which depends the accidental determination of a right by which we acquire or lose something; or it is that which fortuitously deter-mines what we are to acquire. When it can be certainly known what are our rights, we ought never to resort to a decision by lot; but when it is impossible to tell what actually belong to us, as if an estate is divided into three parts and one part given to each of three persons, the proper way to ascertain each one's part is to draw lots.

Lot of ground
A small piece of land in a town or city usually employed for building, a yard, a garden or such other urban use. Lots are in-lots, or those within the boundary of the city or town, and out-lots, those which are out of such boundary, and which are used by some of the inhabitants of such town or city.

Louisiana
The name of one of the new states of the United States of America. This state was admitted into the Union by the act of congress, entitled "An act for the admission of the state of Louisiana into the Union, and to extend the laws of the United States to the said state," approved April 8, 1812.

Low water mark
That part of the shore of the sea to which the waters re- cede when the tide is the lowest.

Lowballing

Lowenfeld, andreas f.
Prescient author of articles on conflicts of law, especially international arbitration and international business law, and of Conflict of Laws.

Loyal
Legal; according to law; as, loyal matrimony, a lawful marriage; at- tached to the existing law.

Loyalty
That which adheres to the law, that which sustains an existing government.

Loyola maritime law journal
A maritime law review published by Loyola University New Orleans.

Lucid interval
Medical jur. That space of time between two fits of insanity, during which a person non compos mentis is completely restored to the perfect enjoyment of reason upon every subject upon which the mind was previously cognizant.

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This dictionary contains 8526 terms.