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Legal terms

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Legal

director

Law; Legal

A member of the governing board of a business concern who may or may not have an executive function.

court

Law; Legal

A governmental body that adjudicates legal disputes by interpreting and applying the law to specific cases.

civil

Law; Legal

Relating to the rights of private individuals and legal proceedings concerning these rights as distinguished from criminal, military, or international regulations or proceedings.

liquidation

Law; Legal

The process of terminating the affairs of a business firm, etc., by realizing its assets to discharge its liabilities.

obligation

Law; Legal

A legal agreement stipulating a specified payment or action, especially if the agreement also specifies a penalty for failure to comply.

debt

Law; Legal

An obligation or liability to pay or render something, for example money, to someone else.

adjudication

Law; Legal

The final judgment in a legal proceeding; the act of pronouncing judgment based on the evidence presented.

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