Legal Word of the Day
Capital
1) From Latin for caput, meaning 'head', the basic assets of a business or of an individual, including actual funds, equipment and property as distinguished from stock in trade, inventory, payroll, maintenance and services. 2) related to the basic assets or activities of a business or individual, such as capital account, capital assets, capital expenditure, and capital gain or loss 3) an amount of money a person owns
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quasi-delict
In civil law, a delict (wrong) caused by negligence.
judicial branch
A branch of government; judges
A branch of government; judges
constructive total loss
Insured property that has been abandoned because its actual total loss appears to be unavoidable, or because it could not be preserved or repaired without an expenditure which would exceed its value.
Insured property that has been abandoned because its actual total loss appears to be unavoidable, or because it could not be preserved or repaired without an expenditure which would exceed its value.
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