Legal Documents

Acknowledgment
An acknowledgment in law is a declaration by the person who has signed a document that their signature is a voluntary act made before a duly authorized person, such as a notary public.
Addendum
An addendum is a document that is attached to an existing contract to modify, clarify, or add terms to the original agreement. Commonly used in various fields, an addendum can provide additional information or conditions without altering the main body of the contract.
Affiant
An affiant is a person who makes and signs a written statement under oath.
Articles of Incorporation (Corporate Charter)
Articles of Incorporation, also known as a corporate charter, are a set of formal documents filed with a government body to legally document the creation of a corporation in the United States.
Backdating
Backdating refers to the practice of marking a document, check, or other financial instruments with a date that precedes the actual date. It is often used in accounting, finance, and legal contexts.
Bargain and Sale Deed
A legal document used to transfer title to property without providing guarantees from the seller on the validity of the title.
Boilerplate
A copy intended for repetitive use in making other copies. Often used in programming, legal documents, and contracts.
Chattel Paper
Chattel paper is a legal document that shows both a debt and a security interest in or a lease of specific goods. It is essential in transactions involving personal property.
Codicil
A codicil is a supplement to a will intended to add to, subtract from, or alter the provisions of the original will.
Conformed Copy
A conformed copy is a reproduction or exact copy of an original document where essential legal features like signatures and seals are typed or indicated in writing.
ET UX
Abbreviation of 'et uxor', a Latin term meaning 'and wife', commonly used in historical legal documents such as wills and deeds.
General Power of Attorney
A General Power of Attorney grants broad authority to a designated individual, known as the attorney-in-fact or agent, to act on behalf of the principal in all matters.
Legal Form
A legal form is a structured model of a legal document that contains the necessary phrases and words of art required to ensure the document is procedurally correct in accordance with legal standards. The meticulous arrangement of such forms serves as a template for drafting legally binding documents such as contracts, wills, or pleadings, ensuring their compliance with specific legal requirements and formalities.
Legal Name
A legal name is the official designation by which an individual or entity is recognized legally, distinct from any nickname or informal moniker.
Legal-Size
Legal-size paper is a U.S. paper size standard measuring 8½ by 14 inches, commonly used for legal documents.
Legalese
Legalese is the specialized language of legal documents, characterized by its formality, precision, and often complex structure, which can be difficult for the layperson to understand without interpretation.
Letter of Intent (Memorandum of Understanding)
A document that sets out the main terms of an agreement between two or more parties and their intention to enter into a binding contract once certain details have been finalized. While not a formal contract itself, certain provisions can be enforceable.
Memorandum of Understanding (MOU)
A Memorandum of Understanding (MOU) is a formal, non-binding agreement between two or more parties outlining the terms and details of an understanding, including each party's requirements and responsibilities.
Proof of Claim
A legal document filed with a court by a creditor to verify their position as a holder of debt, asserting the right to receive a payout from a debtor's bankruptcy estate.
Reconveyance
Reconveyance is a process in which a lender transfers the title of a property back to the borrower once the mortgage debt is fully paid off. This legal document ensures the borrower's ownership of the property is unencumbered by the lender’s lien.
Stamp Duty
Stamp Duty is a tax collected for stamping legal documents, primarily related to the transfer of shares, securities, and land. It is calculated based on the consideration given, with a specific rate that may be rounded up to the nearest multiple of a designated currency unit.
Statute of Frauds
The Statute of Frauds is a statutory requirement that mandates certain kinds of contracts to be in writing to be enforceable. Contracts such as answering a creditor for another's debt, contracts made in consideration of marriage, contracts for the sale of real estate, or contracts not to be performed within a year must be written and signed by the party to be bound.
Testimonium Clause
A testimonium clause is a critical component in legal documents like deeds and conveyances that cites the act and date, marking the closure and authentication of the document.
Without Prejudice
A term used in legal documents to indicate that statements made therein cannot be used as evidence in court or harm an existing right or claim.

Accounting Terms Lexicon

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