Home > Terms > English (EN) > Import-Importance-Impose-Impossibility


1) Import is a verb and also a noun, as such, term of Commercial Law, that means bring products/goods from Company A to compaby B at national/domestic level, or the same procedure from abroad. It's the opposite of 'export' which means 'bring out, take out'. Thus we have term 'import goods', Import Company' etc. Ex : imports have increased this year from abroad. And we have : usually what applies, in Commerce, is the more imports the less developed econom and vice versa, the les imports the more developed economy. (Only, if importa are made for products from a country whose local currency has a lower rate exchange than the one of importing country, then there can be a growth of that domestic company, in terms of (more, higher revenues, due to monetary difference, etc)

2)Importance is a noun, and relative adj. is 'important', we thus say 'this affair is of major or minor importance, thus more or less important. In Law, any claim, legal argument based on legal right, that has force of proof is highly importance.

3)Impose=It's a verb meaning, demand or procedure of demand,practically, for ex. 'State imposes taxes', or 'imposed taxation'. Also in Law, and Trials, (say here Penal Law), is 'imposed punishment, sentence, which is prisoning abive 6 years, and is imposed by Court, thus the relative decision is mandatory, thus obligatory and cannot be avoided for the accused one who is punished.

4)Impossibility is noun that means incapacity, or legal incapacity in terms of strict Law, (as we'll see at a later term), for ex. when something becomes or has become impossible, thus cannot happen in practice, difficult, to happen to eb applied, and/or processed. For ex. we have 'legal impossibility of payment' when someone for ex. canot afford taxes in his country, bank debts, such as loans due, and pay out.

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  • Category: General law
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