Business Law Terms

noun a noun referring to the act of indemnifying or the state of being indemnified, which means to secure against legal liability or loss

• The contract includes a clause for indemnification in case of any legal claims.
• Make sure you read the fine print for any indemnification details before signing the agreement.
• I've got your back, consider it an indemnification against any trouble.
• Her kindness served as an indemnification for the harshness of the world.

noun the extent or range of authority or control

• The court has jurisdiction over cases involving federal law.
• The police don't have jurisdiction in this area, so we're safe here.
• I don't think that falls under their jurisdiction, so they can't do anything about it.
• As a manager, you have jurisdiction over the team's performance and productivity.

noun a symbol, word, or words legally registered or established by use as representing a company or product

verb not applicable

adjective not applicable

adverb not applicable

pronoun not applicable

preposition not applicable

conjunction not applicable

interjection not applicable

article not applicable

• The company registered their trademark to protect their brand identity.
• I love the new sneakers with the Nike trademark on them.
• That logo is their trademark, it's everywhere!
• Her kindness and generosity have become her trademark.

noun a legal term referring to a specific action or event that constitutes an act of bankruptcy

• The debtor's failure to pay their debts may be considered an act of bankruptcy.
• If you keep ignoring your bills, you're gonna end up committing an act of bankruptcy.
• Dude, not paying your debts is like asking for an act of bankruptcy.
• Her reckless spending was the ultimate act of bankruptcy for her financial stability.

noun a word that refers to a person, place, thing, event, substance, or quality

preposition a word that shows the relationship between a noun (or pronoun) and other words in a sentence

• The act of indemnity was passed by the government to protect certain individuals from legal consequences.
• The government passed some kind of act of indemnity to keep certain people out of trouble.
• They pulled some shady moves but got away with it thanks to the act of indemnity.
• Her apology was like an act of indemnity, absolving her of any guilt in the situation.