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coprincipal

coprincipal. 1. One of two or more participants in a criminal offense who either perpetrate the crime or aid a person who does so. [Cases: Criminal Law 59. C.J.S. Criminal Law §§ 127, 998.] 2. One of two or more persons who have appointed an agent whom they both have the right to control.

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present value

present value. The sum of money that, with compound interest, would amount to a specified sum at a specified future date; future value discounted to its value today. — Also termed present worth. adjusted present value. An asset’s value determined by adding together its present value and the value added by capital-structure effects. — Abbr.

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oyer

oyer (oy-[schwa]r oroh-y[schwa]r). [fr. Old French oïr “to hear”] Hist. 1. A criminal trial held under a commission of oyer and terminer. See COMMISSION OF OYER AND TERMINER. 2. The reading in open court of a document (esp. a deed) that is demanded by one party and read by the other. 3. Common-law pleading. A

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doctors’ commons

Doctors’ Commons. Hist. Informal. The College of Advocates and Doctors of Law, which trained specialists in admiralty and ecclesiastical law and housed admiralty and ecclesiastical courts from the 16th century to the 19th. • The College was dissolved in the 1860s after its functions were absorbed by the High Court. — Sometimes written Doctors’ Common.

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quorum

quorum, n. Parliamentary law. The minimum number of members (usu. a majority of all the members) who must be present for a deliberative assembly to legally transact business. Pl. quorums.[Cases: Courts 101. C.J.S. Courts § 137.] constituency-based quorum. See interest-based quorum. disappearing quorum. A quorum whose presence may be more presumptive than actual. See presumption

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fuero

fuero (foo-wer-oh).Spanish law. 1. A forum; court. 2. The territory in which a court has the power to act. 3. A privilege enjoyed by some but not others. 4. A custom having the force of law. 5. Hist. A collection of local, usu. customary, laws. Fuero Juzgo (hooz-goh). Hist. A 7th-century Visigothic code that was

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