Skip to main content

wex definitions

Dodd-Frank: Definitions

in

Terms Defined within the Dodd-Frank Act

Versus

in

Definition

Against. Abbreviated as v. and vs. Used in case names, e.g. McDonald v. Chicago, 130 S.Ct. 3020 (2010). 

Popular action

in

Definition

Also called a qui tam action. See qui tam.

King's Bench

in

Decision

Historically, the highest court in England during the reign of a king (called the Queen's Bench during the reign of a queen). Also called Court of King's Bench and Coram Rege Court. Abbreviated as K.B.

Illustrative caselaw

See, e.g. Crawford v. Washington, 541 U.S. 36, 45 (2004) (discussing a 1696 King's Bench decision).

Quasi-legislative

in

Definition

A legislative-like act undertaken by an entity other than a legislature. For example, rulemaking undertaken by an administrative agency is a quasi-legislative act.

Illustrative caselaw

See, e.g. Humphrey's Ex'r v. United States, 295 U.S. 602 (1935). 

See also

Municipal corporation

in

Definition

A city, town, village, or county that has been incorporated by a state and is authorized to administer local, governmental affairs, e.g. to establish a police force. A municipal corporation is created by a state's legislature which also controls, inter alia, its duration, rights, and powers. Also called a municipality.

Illustrative caselaw

See, e.g. Barnes v. District of Columbia, 91 U.S. 540 (1875).

Foundation

in

Definition

1) In evidence  

The basis for admitting testimony or evidence into evidence. For example, an attorney must lay a foundation in order to admit an expert witness' testimony or a company's business records into evidence. Laying a foundation establishes the qualifications of a witness or the authenticity of evidence. 

2) Fund or endowment

A fund or endowment established for a benevolent purpose, such as charity, religion, education, or research.

Syndicate content