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Legal Risk

The overall risk that consists of multiple types of risk relating to an entity's failure to comply with statutory or...

Material Evidence

An evidence that is relevant to, and determinative of, a particular case or question. In other words, in a controversy,...

Materiality

The significance of facts (or details) to a particular matter. In the law of evidence, an item of evidence is...

Material Fact

A fact that is relevant to a particular case or situation. In other words, a material fact is a detail...

Merit

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

Consensus Ad Idem

Latin for towards the same (literally, meeting of the minds. Also referred to as mutual agreement, mutual assent or simply...

Ad Idem

Latin for towards the same (literally, meeting of the minds. Also referred to as mutual agreement, mutual assent or consensus...

Unliquidated Demand

A demand (claim) for an amount of money that is not fixed or established at the time of claim. It...

Liquidated Demand

A demand (claim) for a fixed amount of money, such as an established debt of $1,000. A liquidated demand is...

Adjustment

Adjustment has many meanings in multiple contexts. In relation to insurance, it is the determination of the amount due for...