121. Cestui Que Trust
1) an old fashioned expression for the beneficiary of a trust 2) "The one who trusts," or the person who will benefit from a the trust and will receive payments or a future distribution from the trust's assets
122. Certiorari
A writ of a higher court to a lower court to send all the documents in a case to it so the higher court can review the lower court's decision. Certiorari is most commonly used by the U.S. Supreme Court, which is selective about which cases it will hear on appeal.
123. Certificate Of Deposit (CD)
A document issued by a bank in return for a deposit of money which pays a fixed interest rate for a specified period. Interest rates on CD's are usually higher than savings accounts because banking institutions require a commitment to leave money in the CD for a fixed period of time.
124. Censure
1) to provide judgment 2) placing blame or condemnationclass="ecxApple-converted-space">
125. Cease And Desist Order
An order of a court or government agency to a person, business or organization to stop doing something upon a strong showing that the activity is harmful and/or contrary to law.
126. Caveat Emptor
Latin for "let the buyer beware." The basic premise that the buyer buys at his/her own risk and therefore should examine and test a product himself/herself for obvious defects and imperfections.
127. Caveat
From Latin caveat for "let him beware." 1) A warning or caution. 2) A popular term used by lawyers to point out that there may be a hidden problem or defect.
128. Cause Of Action
The basis of a lawsuit founded on legal grounds and alleged facts which, if proved, would constitute all the "elements" required by statute.
129. Case System
The method of studying law generally used in American law schools, in which students read, outline, discuss and hear lectures about the cases. Each case presented stands for a particular rule of law in the subject matter covered and is contained in "casebooks" on particular topics.
130. Case Of First Impression
A case in which a question of interpretation of law is presented which has never arisen before in any reported case. Sometimes, it is only of first impression in the particular state or jurisdiction.