Master Glossary – All Legal Glossary Terms
Santillán Law P.C. has provided this Master Glossary for those people who may be interested in learning and understanding common legal terms used in various kinds of cases such as Bankruptcy, Estate & Wills, Criminal Law, DUI, Uncontested Divorce, Real Estate and Cannabis/CBD Regulations and Law. This glossary is not and should not be construed as legal advice it is provided for informational purposes only and does not constitute “Legal Advice” For proper legal advice please consult a qualified attorney.
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- EBITDAA commonly used accounting term which refers to a formula for analyzing cash flow of a property as “earnings before interest, taxes, depreciation and amortization”. Read More
- EdiblesEdibles are a large variety of different foods that are created using Cannabis concentrates. Generally edibles are made using infused sugar, infused oil, or infused butter. A small list of edibles includes: Gummies Lollipops Taffy Candy Brownies / Baked Goods Sodas / Drinks(...) Read More
- Effective dateThe date on which a plan of reorganization is implemented; usually it occurs after all the conditions to a plan of reorganization have been satisfied. Read More
- Embezzlement The taking of money or property by a person who has been entrusted with it (a bank teller or company accountant, for example). Read More
- Endocannabinoid DeficiencyClinical Endocannabinoid Deficiency Syndrome (CEDS) is an umbrella term for a group of illnesses, including fibromyalgia and irritable bowel syndrome. A growing number of respected scientists in the medical community believe low levels of endocannabinoids are the root cause of these conditions. Read More
- Endocannabinoid SystemThe endocannabinoid system is a signalling system found within most animals and is responsible for the regulation of a variety of different hormones and chemical signals. In humans, the endocannabinoid system is what Cannabis acts upon, altering its normal behavior. Read More
- Endocannabinoid System (Definition 2)The homeostatic regulatory system of the body. The Endocannabinoid System, or ECS, found in all mammals, affects every physiological process, including appetite, regulation of mood and perception of pain. It is considered one of the most important physiologic systems involved in establishing(...) Read More
- Endocannabinoids (Definition 2)Cannabinoids that are naturally produced in the body. Endocannabinoids and their receptors are found throughout the body: in the brain, organs, connective tissues, glands, and immune cells, and they regulate a wide range of physiological processes, including stress and mood, digestion,(...) Read More
- Enhancements Add-on penalties at sentencing resulting from certain aggravating factors associated with the particular offense. In relation to a DUI conviction, sentencing can be enhanced if the offender had a high BAC, has multiple convictions, or the DUI resulted in injury or death. In essence, these(...) Read More
- Entourage EffectThe natural synergy of the cannabis plant’s complementary compounds. While we don’t yet fully understand exactly how the Entourage Effect works, we know that cannabinoids, terpenes and phenols activate each other and work best together. The theory behind The Entourage Effect is that(...) Read More
- Entrapment A law-enforcement officer’s or government agent’s inducement of a person to commit a crime, by means of fraud or undue persuasion, in an attempt to later bring a criminal prosecution against that person. Read More
- Environmental indemnityAn agreement under which a borrower (and often a guarantor) contracts to indemnify, defend and hold another person (typically the lender) harmless from any liability arising out of existing of potential environmental violations (such as contamination from a release of prohibited substances(...) Read More
- Equal Credit Opportunity Act (ECOA)A federal (US) statute which prohibits creditors from requiring information concerning a spouse or former spouse of an applicant, except when: (1) the spouse will be permitted to use the account; (2) the spouse will be contractually liable on the account; (3) the applicant is relying at least(...) Read More
- Equitable DistributionA division of property that is fair in view of all of the circumstances. Equitable does not necessarily mean an equal 50/50 split. Read More
- Equitable subordinationThe lowering of priority of a claim because the holder of the claim is found to be guilty of some kind of improper conduct. Read More
- EquityA homeowner’s financial interest in a property. Equity is the difference between the value of the property and the amount still owed on its mortgage and other liens. Read More
- Escrow accountAn account that is held by a lender or an escrow agent, for a particular purpose defined in the escrow agreement controlling the account. When the conditions in the escrow agreement are triggered, such as when the tax bill comes due, the funds needed for that purpose are paid out of the escrow(...) Read More
- Escrow agentA third party who holds and delivers funds and documents under specific instructions. Often when purchasing a property, the escrow agent acts as a custodian of the earnest money or deposit and ensures that the appropriate funds are paid at the closing. In some states, all of the closing(...) Read More
- EstateAn estate, in common law, is the net worth of a person at any point in time alive or dead. It is the sum of a person's assets – legal rights, interests and entitlements to property of any kind – less all liabilities at that time. Read More
- Estate planningA process by which an individual designs a strategy and executes a will, trust agreement, or other documents to provide for the administration of his or her assets upon his or her incapacity or death. Tax and liquidity planning are part of this process. Read More
- Estate taxA tax imposed on a decedent’s transfer of property at death. An estate tax is to be contrasted with an inheritance tax imposed by certain states on a beneficiary’s receipt of property. More than 20 states have state estate taxes that differ from the federal system, so your estate could be(...) Read More
- Estate tax exemption amountAnother name for the unified credit amount, applicable exclusion amount, and credit shelter amount. Read More
- Estoppelthe concept of being prevented (or “estopped”) from raising or denying a fact or circumstance, typically used in connection with the issuance of an estoppel certificate. Read More
- Estoppel certificateA statement from one party to another, providing information on which the recipient is entitled to rely. For example, a purchaser of a property may require a tenant to give an estoppel certificate to a new owner or that new owner’s lender identifying information regarding the nature and status(...) Read More
- Evidence Testimony, documents, material objects or anything presented to human senses, which are offered to prove or disprove any fact relevant to a cause. Read More
- ExaminerA professional appointed by the bankruptcy court to investigate and oversee certain aspects of the debtor or the proceedings. (By way of comparison, the role of the trustee is to operate the business of the debtor whereas the role of the examiner is to investigate and report to the court.) Read More
- Exchange offerAn offer by an issuer of debt securities to exchange new securities with less onerous provisions for currently outstanding securities. Companies often make exchange offers in an attempt to avoid bankruptcy. Read More
- Exchange ValueThe amount of proceeds from sale of a Relinquished Property which a Taxpayer must spend on Replacement Property in order to have a fully deferred exchange Read More
- Exclusivity (period of)A debtor in Chapter 11 has the exclusive right to file a plan of reorganization for the first 120 days of its bankruptcy. Thereafter, unless the period of exclusivity is extended by the court, other parties may file reorganization plans. Read More
- Exculpatory Evidence Evidence tending to establish a criminal defendant’s innocence Read More
- ExecutorA person named in a will and appointed by the court to carry out the terms of the will and to administer the decedent’s estate. May also be called a personal representative. If a female, may be referred to as the executrix. Read More
- Executory contractA contract in which some or all of the obligations of each party have not yet been completed. The debtor-in-possession (or trustee) is allowed to reject unilaterally certain executory contracts. Read More
- ExemptProperty that is exempt is removed from the bankruptcy estate and is not available to pay the claims of creditors. The debtor selects the property to be exempted from the statutory lists of exemptions available under the law of his state. The debtor gets to keep exempt property for use in(...) Read More
- ExemptionsExemptions are the lists of the kinds and values of property that is legally beyond the reach of creditors or the bankruptcy trustee. What property may be exempted is determined by state and federal statutes, and varies from state to state. Read More
- Expungement The legal process by which an ex-offender seeks to delete the records of a particular criminal charge or conviction. The steps to be taken will vary on the type of offense and the length of time that has passed since the completion of the sentence imposed. In Pennsylvania getting a DUI record(...) Read More
- Extortion Taking property illegally by force or threats of harm. Read More
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