Banking
Effective Federal Funds Rate
March 6, 2023
Finance
Tranche Coupon Leg
March 6, 2023

Latin for the logical element of the law or reason for the law. It may also denote the purpose of a legal rule or a policy reason or underlying purpose for a specific norm, rule, provision, act of legislation, court ruling, etc. For a statute or articles enacted by a private or public authority, it is the main purpose of the articles, etc.

A law can be purposefully interpreted (purposive interpretation) mainly in doubtful cases, where an interpretation under normal situations (ordinary or technical meaning of the terms of a  law or rule) bears no convincing value, and where legal arguments are not enough to eliminate interpretive doubts.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts