wex definitions

abuse of discretion

Abuse of discretion is a standard of review used by appellate courts to review decisions of lower courts. The appellate court will typically find that the decision was an abuse of discretion if the discretionary decision was made in plain...

abuse of process

Abuse of process is a common law tort that involves the misuse of legal process(es) for an ulterior purpose. Abuse of process is one of several actionable offenses aimed at discouraging bad-faith litigation attempts. Indeed, courts hold the...

abusive discharge

Abusive discharge is a terminated employee’s claim that their termination breached some public policy of the state. Abusive discharge claims are often brought when no claim for breach of contract or violation of a statute can be alleged....

abut

Abut means to directly border. Property law frequently concerns the rights of abutting landowners.

For example, under the common law, owners of property abutting public roads or sidewalks in Connecticut have no duty to keep...

accelerated depreciation

Accelerated depreciation is any method of depreciation where the business depreciates a greater proportion of an asset’s value earlier in its life. A common accelerated depreciation method is MACRS. Compare with straight-line depreciation...

accelerated filer

Accelerated filer is a class of reporting company which has shorter deadlines to file their periodic reports.

Securities and Exchange Commission (SEC) Rule 12b-2 establishes the requirements that a company must satisfy to...

acceleration

Acceleration means the advancing of a loan agreement's maturity date so that payment of the entire debt is due immediately. In Analytical Surveys Inc. v. Tonga Partners, L.P., United States Court of Appeals, Second Circuit stated that “‘...

accept

Accept means to receive something with approval (i.e., consent) and intention to keep it. This use usually arises in the context of accepting a payment which is late or not complete, or accepting the service (delivery) of legal papers.

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acceptance

Acceptance means to assent to the terms of an offer. Some common uses of the term “acceptance” in a legal sense include:

In the context of contracts, acceptance refers to one person’s compliance with the terms of an offer made by...

acceptance of service

Acceptance of service is defined as an agreement by the defendant (or the defendant's attorney) to accept papers or a complaint without having the papers served by a process server or a sheriff. Acceptance of service is accomplished by...

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