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Anchoring

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.

Ancillary Jurisdiction

Ancillary jurisdiction allows a federal court to hear a claim that would normally be outside of its subject-matter jurisdiction if it is substantially related to a second claim that is within the court's jurisdiction. A claim comes within a federal...

Angel Investor

An individual investor—often a high net worth individual—who provides capital for emerging growth companies, typically in exchange for either ownership equity or convertible debt. Angel investments often represent the round of financing between the...

Annual Meeting

Definition

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.

Answer

Definition

A defendant's first pleading in a case, which addresses the dispute on the merits and presents any defenses and counterclaims. A typical answer denies most of the plaintiff's allegations and claims complete defenses to allegations that are...

Anti-Contact Rule (Lawyers Professional Responsibility)

In representing a client, a lawyer should not communicate about the subject of the representation with a person the lawyer knows to be represented by another lawyer in the matter, unless the lawyer has the consent of the other lawyer or is authorized...

Anti-Greenmail Provision

Definition

Provision in a corporate charter that prevents the board of directors from making greenmail payments. Usually allows the buyback to occur with the approval of a majority of the non-controlling shareholders.

See alsoGreenmailArticle of...

Anticipation

In patent law, anticipation refers to the prior invention or disclosure of the claimed invention by another, or the inventor's own disclosure of the claimed invention by publication, sale, or offer to sell prior to the inventor's application for a...

Anticipatory Breach

In contract law, anticipatory breach occurs when a party repudiates prior to the date that the performance is due. Anticipatory breach is an excuse for non-performance by the non-breaching party. A party can retract its anticipatory breach provided...

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