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Talion

In Latin: "lex talionis", retaliation. It is derived from the early Babylonian principle "eye for an eye" or "tooth for...

Cherry Picking

A practice in bankruptcy proceedings whereby a bankruptcy court may enforce contracts that are in the money to the bankrupt counterparty while abrogating contracts...

Ex Parte

A Latin term that means "on one side only", "by or for one party", "on behalf of one party", "done...

Financial Law

A branch of law that is concerned with banking and finance and all facets of financial activity, financial markets and...

Abandonment

The act of giving up a legal right such as a right of ownership (of an asset, property, etc.) The...

Accord and Satisfaction

An agreement to settle a debt for less than the amount claimed. A debtor offers to pay a lesser amount...

Ab Initio

A Latin term that means "from the beginning", "from the start", "from the first act", or "from scratch" . More...