Search Results for: COUNTERPART

negotiate

negotiate, vb. 1. To communicate with another party for the purpose of reaching an understanding (they negotiated with their counterparts for weeks on end). 2. To bring about by discussion or bargaining (she negotiated a software license agreement). 3. To transfer (an instrument) by delivery or indorsement, whereby the transferee takes the instrument for value,

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interest rate swap

An agreement to exchange interest receipts or interest-payment obligations, usu. to adjust one’s risk exposure, to speculate on interest-rate changes, or to convert an instrument or obligation from a fixed to a floating rate — or from a floating to a fixed rate. • The parties to such an agreement are termed “counterparties.”

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legal positivism

legal positivism, n. The theory that legal rules are valid only because they are enacted by an existing political authority or accepted as binding in a given society, not because they are grounded in morality or in natural law. • Legal positivism has been espoused by such scholars as H.L.A. Hart. See POSITIVE LAW. Cf.

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e sign act

E-Sign Act. The short name for the Electronic Signatures in Global and National Commerce Act, a 2000 federal statute that establishes the legal equivalency of electronic contracts, electronic signatures, and other electronic records with their paper counterparts. • The E-Sign Act applies to all types of transactions, whether in interstate or foreign commerce, unless a

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bads

bads, n. Slang. In economics, the counterpart of “goods,” characterized by a negative correlation between the amount consumed and the consumer’s wealth; specif., the kinds of products that tend to be bought only by poor people. “Some products are termed ‘bads’ because consumption of the product tends to decrease with increasing wealth. Spam is one

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marchioness

marchioness (mahr-sh[schwa]-nis or mahr-sh[schwa]-nes), n. [fr. Law Latin marchionissa, the feminine counterpart to marchio “marquess”] A female dignity, equivalent to a marquis, conferred by creation or by marriage with a marquis. See MARQUIS.

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nobility

nobility, n. pl. 1. Persons of social or political preeminence, usu. derived by inheritance or from the sovereign. • In English law, there are various degrees of nobility, or peerage, such as dukes, marquises, earls, viscounts, and barons, and their female counterparts. Nobility is generally created either by a writ of summons to sit in

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duplicate

duplicate (d[y]oo-pli-kit), n. 1. A reproduction of an original document having the same particulars and effect as the original. See Fed. R. Evid. 101(4). 2. A new original, made to replace an instrument that is lost or destroyed. — Also termed (in sense 2) duplicate original. [Cases: Criminal Law 399; Evidence 173. C.J.S. Evidence §§

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part

part n. (1)部分;局部 数个部分组成整体。 (2)契约或产权转产文书的两份文本之一 另一份称为「counterpart」。 (3)地区;区域(→riding) a.部分的;局部的 如部分偿还、部分履行等。

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