General law

General law

Common terminology used in legal business.

Industry: Law; Legal services

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General law

fizetésképtelenség

Law; General law

A person is said to be insolvent when he/she is unable to pay the debts as they come due, or when the value of the debts exceed the value of his/her assets.

csőd

Law; General law

The inability of an individual or an organization to pay off the debts to the creditors. The condition of bankruptcy is legally declared by the bankruptcy courts, which hear and decide petitions ...

megveszteget

Legal services; General law

to illegally offer money, etc. for services

megvesztegetés

Law; General law

The receiving or offering money or some valuable item to any public official, with the objective of influencing his official decisions contrary to his duty.

fizetőképesség

Law; General law

Unlike insolvency, wherein a person or entity is in unable to pay off the debts, solvency describes the status of a person or entity, who has enough assets to pay off the debts or liabilities.

alkotmány

Law; General law

This legal term refers to the fundamental law of a state or a nation. It is as per the provisions in the constitution that the government is founded and the divisions of sovereign powers are ...

szabadalmi jog

Law; General law

An exclusive right granted to an inventor to make, use or sale an invention for a fixed period of time, approximately 17 years from the date the patent was published.