adverse opinion
An outside auditor’s opinion that a company’s financial statements do not conform with generally accepted accounting principles or do not accurately reflect the company’s financial position.
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export import bank of the united states
Export-Import Bank of the United States. A federally chartered bank that finances the export of goods and services by direct lending or by issuing guarantees and insurance so that private banks can extend credit. • The bank was organized by Executive Order 6581 of 2 Feb. 1934. It became independent in 1945.12 USCA §§ 635
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brethren
brethren (breth-r[schwa]n), n. pl. Brothers, esp. those considered spiritual kin (such as male colleagues on a court) (my brethren argue in the dissent that my statutory interpretation is faulty). • The use of this collegial term has naturally dwindled as more women have entered law and esp. into the judiciary. Cf. SISTREN.
positive law
positive law. A system of law promulgated and implemented within a particular political community by political superiors, as distinct from moral law or law existing in an ideal community or in some nonpolitical community. • Positive law typically consists of enacted law — the codes, statutes, and regulations that are applied and enforced in the
persona standi in judicio
persona standi in judicio (p[schwa]r-soh-n[schwa] stan-dI in joo-dish-ee-oh). [Law Latin] 1. Capacity of standing in judgment; the right to appear in court. 2. One with personal standing to vindicate a legal right. “What persona standi is, may be more easily learned by considering the loss of it by civil death or outlawry …. But there
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consolidating statute
A law that collects the legislative provisions on a particular subject and embodies them in a single statute, often with minor amendments and drafting improvements. • Courts generally presume that a consolidating statute leaves prior caselaw intact. Cf. codifying statute.
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extradition
extradition (ek-str[schwa]-dish-[schwa]n). The official surrender of an alleged criminal by one state or nation to another having jurisdiction over the crime charged; the return of a fugitive from justice, regardless of consent, by the authorities where the fugitive is found. Cf. RENDITION(2). international extradition. Extradition in response to a demand made by the executive of
diplomatics
diplomatics. The science of deciphering and authenticating ancient writings. • The principles were largely developed by the Benedictine Dom Mabillon in his 1681 work entitled De re diplomatica. — Also termed diplomatic (n.). “Diplomatics, the science derived from the study of ancient diplomas, so called from being written on two leaves, or on double tablets.
investment tax credit
A tax credit intended to stimulate business investment in capital goods by allowing a percentage of the purchase price as a credit against the taxpayer’s income taxes. • The Tax Reform Act of 1986 generally repealed this credit retroactively for most property placed in service after January 1, 1986. — Abbr. ITC. [Cases: Internal Revenue
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casus improvisus
casus improvisus (kay-s[schwa]s im-pr[schwa]-vI-z[schwa]s). [Latin] Hist. An unforeseen case; a case not provided for. “Casus improvisus …. This phrase is of frequent occurrence, and admits of varied illustration. Thus, if an Act of Parliament has been passed for the removal of some inconvenience, or the suppression of some evil, and specifies the circumstances or cases