Principal at Legal Glossary What is it? (1) When creating a power of attorney or other legal document, the person who appoints an attorney-in-fact or agent to act on his or her behalf. (2) In criminal law, the main perpetrator of a crime.
Principal Alien - The alien who applies for immigrant status and from whom another alien may derive lawful status under immigration law or regulations (usually spouses and minor unmarried children).
Principal definition:
An agent's master; the person for whom an agent has received instruction and to whose benefit the agent is expected to perform and make decisions.
Principal
1) one who commits the crime or is main accomplice in the crime 2) One who holds the high rank in business or job and who directs his/her subordinates to act as an agent on his behalf to ceate a legal relationship with the third party.
Principal Place of Business: Location for the head office of a business where the books and records are kept and/or management works. In most states corporations must report their principal place of business to the Secretary of State.
Principal
The employer or master of an employee or agent; one who authorizes another to act on his behalf.
Privilege
A benefit or immunity conferred by law.
Principal - The person primarily liable; the person for whom performance of an obligation a surety has become bound.
Principals' liability
The owner of an automobile can be held vicariously liable for negligence committed by a person to whom the car has been loaned, as if the owner was a principal and the driver his or her agent, ...
Term: Principal
Definition: The employer or master of an employee or agent; one who authorizes another to act on his behalf.
Term: Privilege
Definition: A benefit or immunity conferred by law.
Principally, the agreement stipulates places of loading and delivery and how the freight is to be paid for. In addition, it includes details of lay days, and demurrage.
A principal contract is one entered into by both parties, on their accounts, or in the several qualities they assume.
See Principal, Fiduciary, and Fiduciary duty.
Definition from Nolo's Plain-English Law Dictionary ...
The principal factors considered by the examining attorney in determining whether there is a likelihood of confusion are: (1) the similarity of the marks; ...
A principal clerk, and such other clerks as he shall think necessary, shall be appointed by the secretary of the navy, who shall be employed in such manner as he shall deem most expedient.
Once found principally in large cities, violent street gangs now affect public safety, community image, and quality of life in communities of all sizes in urban, suburban, and rural areas. No region of the United States is untouched by gangs.
One of the principal defects of the old national banking system was that it did not function well in connexion with foreign trade.
See also: employer principal respondeat superior scope of employment agency
The People's Law Dictionary by Gerald and Kathleen Hill Publisher Fine Communications ...
Power of Attorney A notice to third parties given by a principal to his agent designating and identifying the agent as one having the principal’s authority to act in his place and stead, i.e., on his behalf.
power of attorney - An instrument in writing whereby one person, as principal, appoints another as his agent and confers authority to perform certain specified acts or kinds of acts on behalf of principal.
Bond - A promise or contract to do or perform a specified act(s) or to pay a penalty for failure to perform, usually guaranteed by a "surety" who promises to pay if the "principal" defaults, or by deposit of money as a "cash bond.
Principal: Person from whom an agent has received instructions and for whose benefit the agent acts and makes decisions.
Collateral Security - Additional security pledged and which may be resorted to in case of failure of the principal security.
Its principal aim was to provide a uniform system of controlling all forms of lending. This control takes 2 forms - control of lenders through a licensing system and control of individual credit agreements.
Consumer credit agreements ...
agent put in place of another to manage particular affairs of the principal.
The act of the agent is the act of the principal - within the scope of the employment. Fact. Anything done, or said; an act or action; an actual occurance; a circumstance; whatever comes to pass; an event. See Factum.
Fiduciary responsibilities exist for persons other than trustees such as between solicitor and client and principal and agent.
: an agency that is not created as an actual agency by a principal and an agent but that is imposed by law when a principal acts in such a way as to lead a third party to reasonably believe that another is the principal's agent and the third party is ...
Amortization means that monthly payments are large enough to pay the interest and reduce the principal on your mortgage. Negative amortization occurs when the monthly payments do not cover all of the interest cost.
An agreement where a principal appoints a distributor to represent the principal in a certain geographical area, usually known as a territory.
Someone who helps another person (known as the principal) commit a crime. Unlike an accessory, an accomplice is usually present when the crime is committed.
Such a person is either a principal or, an accessory to the crime. When present, aiding, where a felony is committed, he is guilty as principal in the second degree ; when absent, "he is merely an accessory." 1. Russell, 21; 1 Leach 66; Foster 428.
In the allocation of dividents by trustees as between income and principal, ...
Kentucky rule - In the allocation of dividends by trustees as between income and principal, ...
The Attorney General is the Government's principal legal adviser. Usually a Member of Parliament, they provide advice on a range of legal matters.
Locality of Debtor:
Means the principal place during the year immediately preceding the bankruptcy where the debtor has carried on business or where the debtor has resided, or where the greater portion of the property of the debtor is situated.
An agent is a person who is authorised to carry out activities on behalf of his principal and to enter into commitments by which the principal will be bound. The term usually refers to a businessman who finds business for you and takes a commission.
You as an individual and principal must in creating a power of attorney give someone else the power to make decisions on your behalf. They will be the attorney-in-fact or agent, which is the person. . .
General Power of Attorney ...
AMORTIZATION SCHEDULE A periodic payment schedule of interest and principal owed on a debt.
ANCILLARY Auxiliary; describing a proceeding attendant upon or which aids another proceeding considered a principal.
The person who has pledged him or herself to pay back money or perform a certain action if the principal to a contract fails, as collateral, and as part of the original contract.
alkali : Various soluble salts, principally of sodium, potassium, magnesium, and calcium, that have the property of combining with acids to form neutral salts and may be used in chemical water treatment processes.
stare decisisThe doctrine that once a principal of law has been determined to be applicable to certain facts, that principle will be followed in future cases involving the same facts.
Attorney of Record: The principal attorney in a lawsuit, who signs all formal documents relating to the suit.
B ...
Clerk of the court: An officer of a court whose principal duty is to maintain court records and preserve evidence presented during a trial.
General Power Of Attorney: An unlimited agency. The agent is authorized to act in whatever capacity the principal actually has. In some jurisdictions, such an agency would be ineffective for some transactions such as land conveyances.
Support trust - A trust that instructs the trustee to spend only as much income and principal (the assets held in the trust) as needed for the beneficiary's support.
The person who is being represented by the agent is referred to as the " principal.
accomplice A person who knowingly, voluntarily, and with common intent joins with the principal offender in the commission of a crime.
Accessorius sequitur - Accessorius sequitur One who is an accessory to the crime cannot be guilty of a more serious crime than the principal offender
Actus reus - A guilty deed or act
Ad hoc - For this purpose ...
Written statements of the parties in a civil case of their positions. In the federal courts, the principal pleadings are the complaint and the answer.
Precedent ...
OF COUNSEL
Phrase used to identify attorneys that are employed by a party to assist in the preparation and management of a case but who are not the principal attorneys of record in the case.
Domestic Corporation: In general, a corporation whose articles of incorporation are filed in the state in which it operates and maintains its principal office.
of counsel: a phrase commonly applied to counsel employed to assist in the preparation or management of the case, or its presentation on appeal, but who is not the principal attorney of record.
Circumstantial Evidence - All evidence of indirect nature. The decision process by which a court or jury may reason from circumstances known, or proved, that establish by inference the principal fact.
A person who has received the power to act on behalf of another, binding that other person as if he or she were making the decisions. The person who is being represented by the agent is referred to as the "principal".
Aggravated: ...
Writ of garnishment - An order of the court whereby property, money, or credits int he possession of another person may be seized and applied to pay a debtor's debt. It is used as an incident to or auxiliary of a judgment rendered in a principal ...
An Attorney can be for either property issues, or personal care issues, or both. Attorney GeneralThe principal law officer of "the Crown"; the Minister of the provincial or federal government responsible for the administration of justice.
 See also: Law, Person, State, Term, Court
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