Card Set Information

2012-09-30 15:25:19

Legal English
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  1. subscriber
    person who has purchased stock in the company by an agreement
  2. sui juris
    (Latin) of one's own right; able to exercise one's own legal rights
  3. supranational
    going beyond or being superior to established borders or spheres of influence held by separate nations
  4. takeover bid
    (UK) offer by one company to purchase at minimum a controlling number of voting shares of another company (US tender offer)
  5. tangible chattel
    property other than land that is capable of being touched or felt
  6. target
    company that is the object of a takeover attempt
  7. tax lien
    lien on property arising from unpaid taxes
  8. tenant
    person who has the right to use a particular property or piece of land to live in or for work, usually in return for paying rent
  9. tenement
    property which is the subject of tenure (a mode of occupying land whereby possession is held by a tenant, but absolute ownership lies in another person), i.e. land
  10. term of years
    fixed period of time for which an estate is granted
  11. termination of employment
    end of the work term or employment
  12. terms and conditions of employment
    fixed period of time for which one is employed and the provisions under which employment is held
  13. the Bar
    (US) legal profession; (UK) the profession of barristers bar association organisation of lawyers which may regulate the profession
  14. third-party beneficiary
    person who is not party to a contract, but still benefits from it and has legal rights to enforce it
  15. third-party beneficiary contract
    contract that provides for rights and duties to be conferred on a person who is not party to the contract
  16. tie-in arrangement
    (also tying arrangement, tied arrangement) agreement which forces the buyer to purchase a second product when the buyer purchases the first product. The product that the buyer originally wants to purchase is called a tying product and the second product he or she is forced to purchase with the first is called a tied product. These arrangements may also be applied to services.
  17. title
    right to control and dispose of property or the right to ownership in property
  18. to the bearer of
    expression designating that the sum of money of a note or cheque is payable to whomever holds the document
  19. to the order of
    expression designating the person to whom the sum of money on a note/cheque is payable
  20. tort
    wrong committed between private individuals for which the law provides a remedy
  21. trade mark
    (UK) word, phrase or symbol used by a manufacturer, seller or dealer to distinguish their goods apart from the goods of others (US trademark)
  22. trade secret
    formula, technique, process or the like which is kept confidential and used by only one business in attempt to maintain a competitive advantage
  23. trade union
    (UK) association of employees formed to further their mutual interests with respect to their employment, for example working hours, wages, conditions, etc. (US labor union)
  24. trainee solicitor
    (UK) position of one who is completing the practical apprenticeship required for a person to qualify as a solicitor. It is the second step to becoming a solicitor (follows the completion of the Legal Practice Course and is followed by the Professional Skills Course).
  25. transfer
    to conveyor to pass property or a right to another by any method
  26. transnational
    reaching beyond national boundaries: relating to or involving more than one nation.
  27. transnational commercial law
    term used to refer to a set of international conventions, model laws, uniform rules and uniform trade terms which governs international commercial transactions common to a significant number of legal systems
  28. tribunal
    body with either judicial or quasi-judicial functions
  29. trust
    legal device used to set aside money or property of one person or company for the benefit of another person or company. In the US, trusts are business combinations with the aims of a monopoly.
  30. trustbuster
    (US) person who fights against anticompetitive trusts, often a federal officer