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https://legal-dictionary.thefreedictionary.com Printer Friendly Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 13,769,348,653 visits served Search / Page tools TheFreeDictionary Google ? Keyboard Word / Article Starts with Ends with Text A A A A Language: English Español Deutsch Français Italiano العربية 中文简体 Polski Português Nederlands Norsk Ελληνική Русский Türkçe אנגלית Share on Facebook Twitter Get our app Register Log in Sign up with one click: Facebook Twitter Google Share on Facebook Get our app Dictionary Thesaurus Medical Dictionary Legal Dictionary Financial Dictionary Acronyms Idioms Encyclopedia Wikipedia Encyclopedia Tools A A A A Language: English Español Deutsch Français Italiano العربية 中文简体 Polski Português Nederlands Norsk Ελληνική Русский Türkçe אנגלית Mobile Apps: apple android For surfers: Free toolbar & extensions Word of the Day Help For webmasters: Free content Linking Lookup box Close The main source of TheFreeDictionary’s legal dictionary is West’s Encyclopedia of American Law, Edition 2 , which contains more than 4,000 entries detailing terms, concepts, events, movements, cases, and individuals significant to United States law. The legal dictionary also incorporates The People’s Law Dictionary , by renowned authorities Gerald and Kathleen Hill. It includes definitions, context, and usage for more than 3,000 terms. Regarded by scholars, jurists, leading attorneys and reviewers as one of the most practical works of its kind, The People’s Law Dictionary is a comprehensive source of meanings and use for thousands of today’s most common legal terms. It has gained widespread praise for its scope and clarity. Please note that this information is not intended to be used in place of a visit, consultation, or advice of a legal professional. Live Searches Here’s what people are searching for right now in : The most popular legal definitions: limited liability n. the maximum amount a person participating in a business can lose or be charged in case of claims against the company or its bankruptcy. A stockholder in a corporation can only lose his/her investment, and a limited partner can only lose his/her investment, but a general partner can be responsible for all the debts of the partnership. Parties to a contract can limit the amount each might owe the other, but cannot contract away the rights of a third party to make a claim. See: corporation , shareholder , limited partnership , partnership , liquidated damages real estate investment trust n. nick-named REIT, a real estate investment organization which finds investors and buys real property and gives each investor either a percentage interest in the property itself or an interest in a loan secured by a mortgage or deed of trust on the property. Usually the loan is used to develop the property and build upon it, and then there is a division of profits upon sale-if there is a profit. Other popular articles in the legal dictionary: accommodation adoption amortization articles of incorporation attorney bad debt bank bankruptcy bond broker business cause chattel mortgage check child custody child support corporation counsel defense attorney divorce employment equity escrow estate tax exchange expert witness foreclosure franchise garnishment grant homestead income tax incorporate insurance interest joint tenancy levy limited partnership living trust malpractice mediation mortgage option paralegal patent person prescription probate product liability property securities settlement sign stock option tax trademark trial trust will wrongful death Facebook Share Twitter Site: Follow: Facebook Twitter Rss Mail Share: Facebook Twitter LinkedIn Mail Open / Close More from Mobile Apps Apple Android Kindle Windows Windows Phone Free Tools For surfers: Free toolbar & extensions Word of the Day Word Finder Help For webmasters: Free content Linking Lookup box Terms of Use Privacy policy Feedback Advertise with Us Copyright © 2003-2024 Farlex, Inc Disclaimer All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other...