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accredited investor

An investor treated under the Securities Act of 1933 as being knowledgeable and sophisticated about financial matters, esp. because of the investor’s large net worth. • In a securities offering that is exempt from registration, an accredited investor (either a person or an entity) is not entitled to protection under the Act’s disclosure provisions, although […]

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submarine patent

Slang. A patent that is delayed in prosecution by the applicant in order to let an infringing user continue to develop its business, with the intention of taking in later-invented technology once the patent finally “surfaces” from the U.S. Patent and Trademark Office. • Typically, the patent applicant is aware of the developments and consciously

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quasi suspect classification

A statutory classification based on gender or legitimacy, and therefore subject to intermediate scrutiny under equal-protection analysis. • Examples of laws creating a quasi-suspect classification are those permitting alimony for women only and providing for an all-male draft. See INTERMEDIATE SCRUTINY. [Cases: Constitutional Law 213.1(1), 224(1). C.J.S. Constitutional Law §§ 714–715, 718, 733–734, 941–944.]

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mundium

mundium (m[schwa]n-dee-[schwa]m). [Law Latin] The legal protection and representation granted to a person who is socially and physically weak. “In a society of persons in which the authority to maintain the law was in the hands of its members, and of which the membership rested on the ability to bear arms and defend oneself (‘weer’),

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marital privacy doctrine

marital-privacy doctrine. A principle that limits governmental intrusion into private family matters, such as those involving sexual relations between married persons. • The marital-privacy doctrine was first recognized in Griswold v. Connecticut, 381 U.S. 479, 85 S.Ct. 1678 (1965). The doctrine formerly deterred state intervention into matters involving domestic violence. Today, with the trend toward

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zero coupon bond

zone of interests. The class or type of interests or concerns that a statute or constitutional guarantee is intended to regulate or protect. • To have standing to challenge a ruling (esp. of an administrative agency), the plaintiff must show that the specific injury suffered comes within the zone of interests protected by the statute

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