Legal Dictionary Legal Dictionary https://legal-dictionary.thefreedictionary.comPrinter Friendly Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 13,899,758,192 visits served Search / Page tools TheFreeDictionary Google ? Keyboard Word / Article Starts with Ends with Text A A A A Language: EnglishEspaolDeutschFrançaisItalianoالعربية中文简体PolskiPortuguêsNederlandsNorskΕλληνικήРусскийTrkçeאנגלית Share on Facebook Twitter Get our app Register Log in Sign up with one click:FacebookTwitterGoogle Share on Facebook Getour app DictionaryThesaurusMedicalDictionaryLegalDictionaryFinancialDictionaryAcronymsIdiomsEncyclopediaWikipediaEncyclopedia Tools A A A A Language: EnglishEspaolDeutschFrançaisItalianoالعربية中文简体PolskiPortuguêsNederlandsNorskΕλληνικήРусскийTrkçeאנגלית Mobile Apps: apple android For surfers: Free toolbar & extensions Word of the Day Help For webmasters: Free content Linking Lookup box Close Legal Dictionary The main source of TheFreeDictionary’s legal dictionary is West’s Encyclopedia of American Law, Edition 2, which contains more than 4,000 entries detailing terms, concepts, events, movements, cases, and individuals significant to United States law. The legal dictionary also incorporates The People’s Law Dictionary, by renowned authorities Gerald and Kathleen Hill. It includes definitions, context, and usage for more than 3,000 terms. Regarded by scholars, jurists, leading attorneys and reviewers as one of the most practical works of its kind, The People’s Law Dictionary is a comprehensive source of meanings and use for thousands of today’s most common legal terms. It has gained widespread praise for its scope and clarity. Please note that this information is not intended to be used in place of a visit, consultation, or advice of a legal professional. Live Searches Here’s what people are searching for right now in Legal Dictionary: The most popular legal definitions: limited liability n. the maximum amount a person participating in a business can lose or be charged in case of claims against the company or its bankruptcy. A stockholder in a corporation can only lose his/her investment, and a limited partner can only lose his/her investment, but a general partner can be responsible for all the debts of the partnership. Parties to a contract can limit the amount each might owe the other, but cannot contract away the rights of a third party to make a claim. See: corporation, shareholder, limited partnership, partnership, liquidated damages real estate investment trust n. nick-named REIT, a real estate investment organization which finds investors and buys real property and gives each investor either a percentage interest in the property itself or an interest in a loan secured by a mortgage or deed of trust on the property. Usually the loan is used to develop the property and build upon it, and then there is a division of profits upon sale---if there is a profit. Other popular articles in the legal dictionary: accommodationadoptionamortizationarticles of incorporationattorneybad debtbankbankruptcybondbrokerbusinesscausechattel mortgagecheckchild custodychild supportcorporationcounseldefense attorneydivorce employmentequityescrowestate taxexchangeexpert witnessforeclosurefranchisegarnishmentgranthomesteadincome taxincorporateinsuranceinterestjoint tenancylevylimited partnershipliving trustmalpractice mediationmortgageoptionparalegalpatentpersonprescriptionprobateproduct liabilitypropertysecuritiessettlementsignstock optiontaxtrademarktrialtrustwillwrongful death Facebook Share Twitter Site: Follow: Facebook Twitter Rss Mail Share: Facebook Twitter LinkedIn Mail Open / Close More from Legal Dictionary Mobile Apps Apple Android Kindle Windows Windows Phone Free Tools For surfers: Free toolbar & extensions Word of the Day Word Finder Help For webmasters: Free content Linking Lookup box Terms of Use Privacy policy Feedback Advertise with Us Copyright © 2003-2025 Farlex, Inc Disclaimer All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.