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Legal Dictionary & Glossary

IT'S A FREE ONLINE LEGAL DICTIONARY SEARCH ENGINE FOR DEFINITIONS OF LEGAL TERMINOLOGY AND LEGAL WORDS, LEGAL ABBREVIATIONS, AND LEGAL JARGON YOU MAY MEET WHEN READING LEGAL ACTS, LAW BOOKS, DOCUMENTS, LEGAL FORMS AND OTHER LEGAL CONTENT.

 
 

Legal Dictionary Legal Terms by First Letter "D"

 
 
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  TERM CATEGORY  
 

depreciate
v. in accounting, to reduce the value of an asset each year theoretically on the basis that the assets (such as equipment, vehicles or structures) will eventually become obsolete, worn out and of little value. See also: depreciation.

General Legal Worddetails
 

depreciation
n. the actual or theoretical gradual loss of value of an asset (particularly business equipment or buildings) through increasing age, natural wear and tear, or deterioration,

Nonedetails
 

depreciation reserve
n. a business fund in which the probable replacement cost of equipment is accumulated each year over the life of the asset, so it can be replaced readily when it becomes obsolete and totally depreciated.

General Legal Worddetails
 

derelict
n. something or someone who is abandoned, such as a ship left to drift at sea or a homeless person ignored by family and society. See also: abandon dereliction.

General Legal Worddetails
 

dereliction
n. 1) abandoning possession, which is sometimes used in the phrase "dereliction of duty." It includes abandoning a ship, which then becomes a "derelict" which salvagers can board.

General Legal Worddetails
 

derivative action
n. a lawsuit brought by a corporation shareholder against the directors, management and/or other shareholders of the corporation, for a failure by management.

General Legal Worddetails
 

descent
n. the rules of inheritance established by law in cases in which there is no will naming the persons to receive the possessions of a person who has died. The rules of descent vary somewhat from state to state and will usually be governed by the law o ...

General Legal Worddetails
 
 
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Legal Dictionary & Glossary Advanced Search

Find a legal term by clicking on the first letter of a legal word or legal phrase:
 

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