Legal Terms 2023

(ah-for-she-ory) prep. Latin for "with even stronger reason," which applies to a situation in which if one thing is true then it can be inferred that a second thing is even more certainly true. Thus, if Anil is too young to serve as administrator, then his younger brother Amit certainly is too young.

n. the degree in law from a law school, abbreviated to LLB, which means that the recipient has successfully completed three years of law studies in addition to at least three undergraduate years on any subject.

n. the total of cost, insurance and freight charges to be paid on goods purchased and shipped.

n. short for "doing business as," when a person or entity uses a business name instead of his/her/its own.

n. a deposit paid to demonstrate commitment and to bind a contract, with the remainder due at a particular time. If the contract is breached by failure to pay, then the earnest payment is kept by the recipient as pre-determined (liquidated) or committed damages.