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Financial Law




Merit


In legal context, merit (in singular form) or merits (in plural form) may have multiple meanings.

  • Merit means a valid basis for a case or claim. For example, a legal action considered “without merit” is one that has no valid basis.
  • Merit may also denote the strict rights of the parties to a legal case/ lawsuit.
  • Merits are the substance of a legal dispute and not the technical grounds that may impact the outcome of a lawsuit.

A “judgment on the merits” is the final resolution issued for a particular dispute/ case.

A “defence upon the merits” (defence on the merits) is one that lays expectations on the justice of the cause, and not on technicalities only.



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This section covers all terminology and concepts relating to law and regulation of the financial sector in an economy. This includes law ...
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