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Ex-Post

Latin for a situation or fact that is taken into consideration "after the event". In other words, ex-post involves an...

Ex-Ante

Latin for a situation or fact that is taken into consideration "before the event". In other words, ex-ante involves an...

Ultra Vires

Latin for "beyond legitimate powers." It refers to an act or conduct (e.g., a transaction) by a corporation or its...

Unilateral Contract

A contract that entails the payment of an amount of money in exchange for performance of a promised act. The...

Undivided Interest

A jointly held interest, by two persons or more, in a property held under the same title. The undivided interest...

Letter of Acceptance, Waiver and Consent

A template settlement agreement that is issued and promulgated by FINRA, the Financial Industry Regulatory Authority, USA. The agreement is...

AWC

An acronym for a template settlement agreement known as an acceptance, waiver, and consent agreement (issued and promulgated by FINRA,...

Contract Risk

A subset of the legal risk; contract risk refers to the risk that losses may be incurred by an entity...

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,...