business law


Definition from Nolo’s Plain-English Law DictionaryWhen language in an agreement has more than one meaning. Patent ambiguity occurs when the language of the document itself is ambiguous. Latent ambiguity is not readily apparent, but arises in connection...


Definition from Nolo’s Plain-English Law DictionaryTo alter or change by adding, subtracting, or substituting. One can amend a statute, a contract, or a written pleading filed in a law suit. The change is usually called an amendment.

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American Clean Energy and Security Act of 2009

Definition from Nolo’s Plain-English Law DictionaryAlso called the Waxman-Markey Bill, this legislation sought to address climate change while building a clean energy economy. Among other things, this bill established a national cap-and-trade system for...

Americans with Disabilities Act (ADA)

Definition from Nolo’s Plain-English Law DictionaryA federal law that prohibits discrimination against people with physical or mental disabilities in employment, public services, and places of public accommodation, such as restaurants, hotels, and...


Definition from Nolo’s Plain-English Law Dictionary(1) A periodic payment plan to pay a debt (such as a mortgage or car loan) by a certain date, in which interest and a portion of the principal is included in each payment. Payments are usually calculated...


A common bias that affects people's estimation of value based on examples that may be loosely related or not related at all to the situation at hand.

Angel Investor

Definition from Nolo’s Plain-English Law DictionaryAn affluent individual who invests in small, private companies, usually in exchange for company stock or promissory notes that are convertible into shares of company stock. Angel investors often work...

Annual Meeting


An annual meeting of the shareholders of a corporation, at a time and place determined by the corporation's bylaws. Also known as the "annual general meeting" (AGM). Shareholders meet to elect directors whose seats on the board are up for re-...

Annual Percentage Rate

The annual cost of a loan, which includes both interest on the loan, and loan-related fees. This is calculated by multiplying the interest rate per payment period by the number of the number of such payment periods in a year.



A person who is entitled to benefit from an annuity.