Judicial System

Bail Bond
A monetary guarantee that ensures an individual released from jail will attend future court appearances. Failure to appear results in forfeiture of the bond.
De Minimis
De minimis refers to matters too trivial or minor to be considered by the judicial or taxation systems. Originating from the legal principle 'De minimis non curat lex,' meaning 'The law does not concern itself with trifles.'
De Novo
The term 'de novo' denotes starting anew or afresh, suggesting a second trial or review as if the first had never occurred. It is commonly used in legal contexts, particularly concerning appeals and retrials.
Stare Decisis
Stare Decisis is a legal principle that mandates courts to follow judicial precedents set by previous cases when making decisions on new cases involving similar issues.
Writ
A Writ is a legal order issued by the authority and in the name of the state to compel a person to do something specified. It is issued by a court or other competent tribunal and contains specific instructions for action.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.