Essential legal English terminology
Business law terminology. Key Adjectives
Banking law terminology
Business law terminology. Key Nouns
Miscellaneous
100

Money claimed by someone as compensation for harm done.

Damages

100

Fill in the gap with an adjective.

When he was asked to explain his actions, he had no __________ explanations. (being acceptable because it is true or relevant)

Valid

100

What is an ATM ?

automated teller machine

100

A licence to trade using a brand name and paying a royalty for it.

Franchise

100

Spot the odd one out - FIRST, SECOND, THIRD, FORTH, FIFTH, SIXTH, SEVENTH, EIGHTH

FORTH - It should be FOURTH

200

An official who presides over a court.

Judge

200

Fill in the gap with an adjective.

At the trial, the judge took the ___________ step of asking the claimant to remove his shirt. (not having happened before)

 unprecedented

200

What is a financial record of transactions between a customer and a bank or other financial institution?

Bank account

200

A person who is appointed to deal with financial or other matters on behalf of another person.

Nominee

200

There are three houses. One is red, one is blue, and one is white. If the red house is to the left of the house in the middle, and the blue house is to the right of the house in the middle, where is the white house?

White House is in Washington DC

300

To send someone to prison or to a court.

To sentence somebody

300

Fill in the gap with an adjective.

All shareholders are ___________ to vote at the Annual General Meeting. (able or allowed to do something)

accountable

300

What does a sum of money due as one of several equal payments for something, spread over an agreed period of time is called?

Installments

300

Somebody who gives a guarantee.

Guarantor

300

The day before yesterday, Chris was 6 years old. On his next birthday, he'll turn 10. How's this possible?

He was born on leap year, February 29

400

A person who makes a claim against someone in a civil court.

Claimant or Plaintiff

400

Fill in the gap with an adjective

After a terrible year, during which it lost almost £8 million, the company was declared ___________. (not able to pay debts)

insolvent

400

What does a failure to fulfil an obligation, especially to repay a loan or appear in a law court is called?

default

400

The good reputation of a business and its contacts with its customers (for example, the name of the product it sells or its popular appeal to customers).

Goodwill

400

Is an older one-hundred dollar note worth more than a newer one?

Of course $100 is always more than $1

500

A written or spoken statement of facts which helps to prove or disprove something at a trial.

Evidence

500

Fill in the gaps with an adjective.

The sacked workers claimed unfair dismissal, and demanded a fair and ___________ hearing. (not biased or prejudiced)

intangible

500

What is an idiom that means to be financially solvent or profitable, or not in debt? It can be used to describe a business or an individual

In the black

500

A court order telling a person or a company to stop doing something, or telling them not to do it in the first place.

Injunction

500

There is a room with no furniture, and no nothing. A man is found hung from the ceiling. A puddle of water is on the floor. How did he die?

He hang himself standing on the chunk of ice

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