6 Terms
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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 ...
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.
