Here is installment number 3 of our basic legal terminology tutorial. Check these out and keep your eyes open for more in the future.
Sealed Verdict– When there is a delay in announcing who won or lost a court case, the verdict remains in a sealed envelope until given to the judge for ruling. This commonly occurs when a court is not in session.
Municipal Court – A court that handles smaller cases. These cases usually have smaller financial ramifications such as traffic tickets, civil law suits and other minor legal matters.
Grace Period – When you have a debt and you’re given an amount of time when you don’t have to make payments or are not charged interest or fees on that debt. This is commonly seen when you miss a credit card payment.
Deed – When there is a transfer of real estate ownership, a deed is the document that legally authenticates this transfer. This information is recorded in your town or city’s local public land records.
We hope that these terms were informative and if you have any further questions, please feel free to contact us.
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