Administrative expenses are defined under §507(a)(1) of the U.S. Bankruptcy Code which states that claims that are given first priority distribution are those claims allowed as administrative expenses under §503(b). Administrative expenses...
commercial transactions
administrative warrant
An administrative warrant is a warrant obtained from a judge by an administrative body to search for violations of administrative rules and regulations. While similar to a criminal warrant, an administrative warrant requires a lower standard...
admiralty
Admiralty law (or maritime law) is the body of law that governs navigation and shipping. It includes substantive and procedural law.
Overview:Topics associated with this field in legal reference works may include: shipping...
admiralty and maritime power
Admiralty and Maritime powers refer to the federal government’s ability to pass laws that relate to the water systems of America. Congress is granted admiralty and maritime powers through Article 2 Section III of the Constitution.
...admiralty law
Admiralty law relates to the seas, maritime commerce, or navigation. Admiralty is a broad body of law governing the transport of goods and passengers by water, the purchase and charter of vessels, the hiring and maintenance of officers and...
agent
An agent is a person authorized to act on behalf of another person. The party an agent is authorized to act for is known as the principal. A principal-agent relationship can either be intentionally created or created by implication through...
agent for service of process
An agent for service of process is the person designated by a business entity, such as a corporation or limited liability company (LLC), to receive legal documents and lawsuits on behalf of the business entity within the state in which the...
AGI
AGI is an acronym for adjusted gross income.
Adjusted Gross Income (AGI) is defined as the gross income earned by an individual minus several adjustments made to that income, such as trade and business deductions. Gross...
alienable
Alienable means transferable.
An interest in property is alienable if it may be conveyed by one party to another. In general, all private property is alienable unless some contractual, common law, or statutory restriction...
alter ego
Alter ego is a legal doctrine whereby the court finds that a corporation lacks a separate identity from an individual or corporate shareholder. The court applies this rule to ignore the corporate status of a group of stockholders, officers,...