Juridical Dictionary

This dictionary contains:
8526
juridical terms

Prefect






Prefect

French law. A chief officer invested with the superintendence of the administration of the laws in each department.

RELATED TERMS
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Law
A rule or body of rules of conduct inherent in human nature and essential to or binding upon human society. The learned profession that is mastered by graduate study in a law school and that is responsible for the judicial system.

Chief
Principal. One who is put above the rest.

Administration
Government. The management of the affairs of the government; this word is also applied to the persons entrusted with the management of the publio affairs.

Each
Every one of the two or more composing the whole.

Department
A portion of a country.



SIMILAR TERMS
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Preference
The paying or securing to one or more of his creditors, by an insolvent debtor, the whole or a part of their claim, to the exclusion of the rest. By preference is also meant the right which a creditor has acquired over others to be paid first out of the assets of his debtor, as, when a creditor has obtained a judgment against his debtor which binds the latter's land, he has a preference.

Preferred maritime lien
A category of maritime lien under the American Commercial Instruments and Maritime Liens Act.

Preferred mortgage
A ship mortgage on the whole of a vessel, filed in the U.S. in substantial compliance with the requirements of U.S. Code.

Preferred mortgage lien
A lien on a ship on which a preferred mortgage has been filed. they rank after preferred maritime liens (supra), by virtue of U.S. Code.

Preferred shares
A share in a company that has some kind of special right or privilege attached to it, such as that it is distinguished from the company's common shares. The most common special right is a preference over holders of common shares when dividends are declared. Another, is for the preferred shares to be redeemable at the option of either the holder or the company. Still another might be to disallow voting rights to preferred shareholders. Depending on the local laws in your state, there may be no limit to the qualifications a company can attach to preferred shares. For example, a family company may only allow holders of preferred shares to use a recreational property belonging to the company.



PREVIOUS AND NEXT TERMS
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Precognition
Scotch law. The examination of witnesses who were present at the commission of a criminal act, upon the special circumstances attending it, in order to know whether there is ground for a trial, and to serve for direction to the prosecutor. But the persons examined may insist on having their declaration cancelled before thev give testimony at the trial.

Precontract
An engagement entered into by a person, which renders him unable to enter into another; as a promise or covenant of marriage to be had afterwards. When made per verba de presenti, it is in fact a marriage, and in that case the party making it cannot marry another person.

Predecessor
One who has preceded another.

Pre-emption
International law. The right of preemption is the right of a nation to detain the merchandise of strangers passing through her territories or seas, in order to afford to her subjects the preference of purchase.

Pre-emption rights
Where a company proposes to issue new shares, existing shareholders may have the right to be offered a pro-rata part of the new shares before they are offered to a new shareholder. These pre-emption rights may be disapplied either generally or in relation to a particular new issue by a provision in the Articles of Association or a special resolution. In relation to sales of existing shares, similar rights require a shareholder wishing to sell shares to offer them first to existing shareholders before being able to transfer to outsiders.

Prefect

Preference
The paying or securing to one or more of his creditors, by an insolvent debtor, the whole or a part of their claim, to the exclusion of the rest. By preference is also meant the right which a creditor has acquired over others to be paid first out of the assets of his debtor, as, when a creditor has obtained a judgment against his debtor which binds the latter's land, he has a preference.

Preferred maritime lien
A category of maritime lien under the American Commercial Instruments and Maritime Liens Act.

Preferred mortgage
A ship mortgage on the whole of a vessel, filed in the U.S. in substantial compliance with the requirements of U.S. Code.

Preferred mortgage lien
A lien on a ship on which a preferred mortgage has been filed. they rank after preferred maritime liens (supra), by virtue of U.S. Code.

Preferred shares
A share in a company that has some kind of special right or privilege attached to it, such as that it is distinguished from the company's common shares. The most common special right is a preference over holders of common shares when dividends are declared. Another, is for the preferred shares to be redeemable at the option of either the holder or the company. Still another might be to disallow voting rights to preferred shareholders. Depending on the local laws in your state, there may be no limit to the qualifications a company can attach to preferred shares. For example, a family company may only allow holders of preferred shares to use a recreational property belonging to the company.

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This dictionary contains 8526 terms.