Legal Definition of Current value

What is the legal definition of Current value? In the legal context, Current value means The prevailing price or value; the common market price at the place where the commodity originates.        

Legal Definition of Full disclosure

What is the legal definition of Full disclosure? In the legal context, Full disclosure means The telling of all that one knows, not hiding or concealing anything that might be pertinent to the case.        

Legal Definition of Garnishment

What is the legal definition of Garnishment? In the legal context, Garnishment means A legal proceeding in which a creditor seeks to obtain payment from a debtor out of money, salary, or property of the debtor. The procedure takes place after a judgment against the debtor has already been handed down.        

Legal Definition of Revocable Trust

What is the legal definition of Revocable Trust? In the legal context, Revocable Trust means A cancelable arrangement created by a person (“Grantor”), whereby the Grantor transfers property to a trustee to be held for the benefit of the Grantor while alive, then distributed to named beneficiaries.        

Legal Definition of Grantee

What is the legal definition of Grantee? In the legal context, Grantee means The recipient of property from a grantor. For example, using a Quitclaim Deed, a grantor can transfer property ownership to a grantee.        

Legal Definition of Personal injury

What is the legal definition of Personal injury? In the legal context, Personal injury means (a) Damage (injury) to the body. (b) A personal wrong or violation of a personal right. Such personal injury is frequently the basis for lawsuit against the wrongdoer. Personal injury is not limited to physical body harm.       (more…)

Legal Definition of Office

What is the legal definition of Office? In the legal context, Office means (a) A place where business is transacted; a place where someone practices a profession. (b) A position held by an officer. (The presidential office is held by the President.)