wex definitions

King's Bench

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).

Foundation

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.

Participating preferred stock

Definition

Stock that confers the holder a right to be paid first, before common (non-preferred) stockholders in the event of a dividend or liquidation payout, and additionally the right to also participate along with the common stockholders in receiving payment on the remaining payout.

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