Tax optimization consists of lowering the amount of tax liability by complying with the tax obligations in force in a given state/country by using the regulations to the taxpayer’s advantage. The taxpayer will thus use and take advantage of...
ACADEMIC TOPICS
temporary insanity
In a criminal trial, temporary insanity is a defense that can be raised to assert that, at the time of the commission of the offense, the defendant, as a result of severe mental disease or defect, was unable to appreciate the nature or...
tender offer
Tender offer is a public offer to buy shares of a corporation, usually at above market price and with the intention of gaining controlling interest in the target corporation. An acquirer making a tender offer for more than 5% of a corporation...
terra nullius
Terra nullius is a term that refers to a “territory without a master.” It is a term used in public international law to describe a space that can be inhabited but that does not belong to a state, meaning the land is not owned by anyone. In...
test case
Test cases refer to legal actions brought with the intention of challenging or receiving clarification on a present law. The strategy usually involves creating a “controversy” to get into a court that otherwise would not lead to a legal...
testatrix
Testatrix is an antiquated term used for a female testator. The term testator is now used regardless of gender identity.
[Last updated in March of 2022 by the Wex Definitions Team]
testing-the-waters
Testing-the-waters refers to issuers gauging market interest in their public offering by communicating with certain institutional investors prior to filing a registration statement.
Under Sections 5 and 2(a)(3) of the...
textualism
Textualism is a method of statutory interpretation that asserts that a statute should be interpreted according to its plain meaning and not according to the intent of the legislature, the statutory purpose, or the legislative history.
...The Bluebook
The Bluebook, formally known as The Bluebook: A Uniform System of Citation is a style guide that sets forth the most widely used legal citation system in the United States, i. e., how U.S. legal documents are cited in legal memoranda, court...
Tinker v. Des Moines
Tinker v. Des Moines Independent Community School Systems (1969) was a Supreme Court case famous as a foundational case on protecting first amendment rights of students at publicly funded schools. The case arose when school administrators...