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Few Unique Legal Terms and Their Meanings Few Unique Legal Terms and Their Meanings

Bronze medal Reporter adv john Posted 8 Jul 2017 Read More News and Blogs
Few Unique Legal Terms and Their Meanings

 

Few Unique Legal Terms and Their Meaning

 

 

Chinese wall: - policy used by securities firms that prevents all departments from accessing non-public information in order to prevent insider trading and self-dealing.

 

 

Choate: - Completed


 

chose : - A thing; a personal possession.

 

chose in action: -  A claim that can be brought as a lawsuit.

 

 

chose in possession: - Something that is owned or can be owned.

 

 

Churning: - Excessive and unnecessary trades of stock by a broker in order to increase his or her commission.

 

 

Clayton Act: - A federal statute that amends the Sherman Antitrust Act by prohibiting price discrimination and regulating mergers and contracts that might inhibit competition.

 

 

Clean Air Acts: - Federal and state statutes that regulate air pollution.

 

 

clean hands doctrine: -  A doctrine holding that in order for someone to receive equitable relief for a wrong, he or she must be blameless in the transaction, and must have performed his or her duties in good faith without wrongdoing.

 

 

Clearinghouse: - A banking establishment where member banks exchange checks and bills all at once, paying only the balances in cash so as to settle daily accounts conveniently.

 

 

Clemency: - Mercy, forgiveness, or leniency.

 

 

Cloture: - A vote by a legislature to end excessive debate on the matter at hand and vote on it. See also filibuster.

 

 

cloud on title: - An encumbrance or claim on a title that could potentially impair the title but can be proven invalid by outside evidence, and can be removed by an action to quiet title.

 

 

Codicil: - An addendum to a will, modifying, adding to, revoking, or explaining portions of the original document.

 

 

Coif: - A headdress; a white piece of cloth worn by top English lawyers on top of their wigs.

 

 

 

 

Click on the image to read more about Difficult Legal Words and Terms

 

 

 

 

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