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diplomacy

diplomacy, n. Int’l law. 1. The art and practice of conducting negotiations between national governments. open diplomacy. Diplomacy carried on with free access to interested observers and members of the press. parliamentary diplomacy. The negotiations and discussions carried out in international organizations according to their rules of procedure. secret diplomacy. Diplomacy carried on behind closed

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letter of license

letter of license. English law. An agreement signed by all the creditors of a financially troubled business that does the following: (1) grants the debtor more time to pay debts, (2) permits the debtor to continue business in the hope of overcoming its financial distress, and (3) protects the debtor from arrest, lawsuit, or other

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concilium plebis

concilium plebis (k[schwa]n-sil-ee-[schwa]m plee-bis). [Latin “assembly of the people”] Roman law. An assembly of the plebs gathered together to enact legislation. — Often shortened to concilium. See PLEBISCITUM. Cf. comitia tributa under COMITIA. “Legislation was carried on to some extent by the Comitia Tributa and in an increasing degree by the assembly of the plebs

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layaway

layaway. An agreement between a retail seller and a consumer to hold goods for future sale. • The seller sets the goods aside and agrees to sell them to the consumer at an agreed price in the future. The consumer deposits with the seller some portion of the price of the goods, and may agree

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