legal vocab set 2

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15 Terms

1

Bail

A sum of money or property given to ensure a defendant's appearance in court.

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2

Bankruptcy

A legal process for individuals or businesses to eliminate or repay debts.

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3

Bankruptcy Trustee

An appointed individual managing the bankruptcy process for a debtor.

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4

Bench Trial

A trial decided by a judge without a jury.

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5

Brief

A written document outlining legal arguments in a case.

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6

Burden of Proof

The responsibility to prove a claim or allegation in a legal proceeding.

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7

Business Bankruptcy

A legal process for businesses to reorganize or liquidate their debts.

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8

Damages

Monetary compensation awarded for loss or injury.

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9

Debtor

An individual or entity that owes money to another party.

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10

Debtor’s Plan

A proposal for how a debtor intends to repay debts in bankruptcy.

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11

Declaratory Judgement

A court ruling that clarifies legal rights or obligations without ordering action.

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12

Defendant

The party accused or sued in a court of law.

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13

Deposition

A sworn out-of-court testimony used as evidence in legal proceedings.

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14

Discharge

The release of a debtor from personal liability for certain debts.

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15

Disclosure Statement

A document outlining important information about a plan to reorganize debts.

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