Equitable distribution refers to the fair division of property among interested persons, most commonly observed during divorce proceedings or the settlement of estates.
Ex post facto is a Latin term meaning 'after the fact.' In legal contexts, it refers specifically to laws that make an act punishable as a crime retroactively, where the act was not considered a crime at the time it was committed. Such laws are prohibited by the U.S. Constitution.
A moot point refers to a matter that remains debatable or open to discussion, often rendering it insignificant for practical purposes due to its academic nature or the improbability of reaching a consensus.
Nolo Contendere, or 'no contest,' is a legal term indicating that a defendant will not contest a charge made by the government. The defendant loses the case, but this cannot be used as an admission of guilt in any other legal proceedings.
Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.