Language of Banking
A situation where withdrawals from a bank account exceed the available balance.
Overdraft
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A person accused of committing a criminal offense.
defendant
One Free Bite Rule
A legal principle in tort law (strict liability) stating that a dog’s owner is not held liable for the first bite or attack unless they knew the dog was dangerous.
After the first incident, the owner can be held responsible for any future harm.
Failure to repay a loan according to the agreed terms.
Default
A legal obligation to act with a certain level of caution to avoid harming others
Duty of care
The legal team responsible for proving the defendant's guilt.
Prosecution
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30 scores
A legal status for a person or business that cannot repay their debts.
Bankruptcy
Failure to take reasonable care to avoid causing injury or loss to another person.
Negligence
A court-ordered period of supervision instead of serving time in prison.
Probation
A type of mental suffering caused by another person’s wrongful act (such as negligence or intentional harm).
Emotional distress
Interest Rate
The percentage charged on a loan or paid on deposits over time.
Defamation
A false statement that damages a person's reputation (includes libel for written and slander for spoken defamation).
Manslaughter
is an unlawful killing of a person without the intention to kill or cause serious
The buying or selling of company shares by someone who has confidential, non-public information about the company.
Insider Trading
A loan is used to buy a house, where the house is the collateral.
Mortgage
Legal responsibility for damage or injury even if the person found strictly liable was not at fault or negligent.
Strict liability
What is the difference between the burden of proof in civil and criminal law?
Burden of Proof
In Criminal Law:
The prosecution must prove the defendant’s guilt beyond a reasonable doubt, about 98–99% certainty that the accused committed the crime.
In Civil Law:
The plaintiff must prove the case on the balance of probabilities, only over 50% certainty (more likely than not).
The income a person loses because they are unable to work due to injury or wrongful action by another party.
Loss of earnings