Glossary of Terms
Bankruptcy / Proposal / Financial Glossary |
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| There are 6 entries in the glossary. | |
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| Term | Definition |
| waiver | An intentional relinquishment of some right, interest or the like; an express or written statement of such relinquishment. |
| Warehouseman's Lien | The charge that a warehouseman has on goods left for storage in his care. The warehouseman has the right to hold onto the goods until he is paid or to sell the goods to recover his account. |
| warranty | A written guarantee or performance or state from a vendor to a purchaser, that the thing sold is the vendor’s to sell and is good and fit for such use as the purchaser intends to make of it. |
| without prejudice | Without dismissing, damaging or otherwise affecting a legal interest or demand; without detriment to existing right or claim; relates to fact, not to opinion. This expression is used when a person, in the desire to avoid litigation or dispute without admitting that the other party has a claim, offers to do something he need not do, such as to compromise a claim of his own or to pay when he feels he is not liable. |
| Writ | Form of written notice or command issued by a Court or other official. Can include Writ of Seizure and Sale, Writ of Summons, Writ of Subpoena, Writ of Attachment, Writ of Habeas Corpus, etc. |
| Writ of Summons | Form of written notice prepared by the Plaintiff which is registered at the appropriate Court Registry, giving notice to the defendants that a legal action has been commenced against them and containing details of the Plaintiff's claims. |
| Glossary V2.0 | |