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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- Neighborhood associationA voluntary membership organization that deals with social, political, zoning and other issues which typically affect the members' properties and usually does not maintain commonly owned property. Read More
- NeurotransmitterOften referred to as the body's chemical messengers. They are the molecules used by the nervous system to transmit messages between neurons, or from neurons to muscles. Communication between two neurons happens in the synaptic cleft (the small gap between the synapses of neurons). Read More
- No Asset CaseA chapter 7 case where there are no assets available to satisfy any portion of the creditors' unsecured claims. Read More
- No-Contest ClauseA provision in a will or trust agreement that provides that someone who sues to receive more from the estate or trust or overturn the governing document will lose any inheritance rights he or she has. These clauses are not permissible in all instances or in all states. Section 2521 of the(...) Read More
- NOL (net operating loss)The same as tax loss carry-forward. Losses, for tax purposes, that can be carried forward and applied to reduce taxable income in future years. The Tax Reform Act of 1986 imposed stringent restrictions on the use of tax loss carry-forwards. Read More
- Nolo Contendere/No Contest Plea A plea of “no contest” whereby the defendant indirectly admits guilt but is protected from having the admission of guilt used in a civil court in the event the defendant is sued by the victim. Read More
- Non-business bankruptcyA bankruptcy categorized by the U.S. courts as a non-business bankruptcy; the debtor in a non-business bankruptcy is usually either an individual or a family farm; data from the U.S. Administrative Office of the Courts subdivides bankruptcies into business and non-business. Read More
- Non-custodial parentThe parent who does not have physical custody of the child(ren). Read More
- Non-disturbanceThe concept of consenting to (i.e., not disturbing) the rights of another, used typically in the context of a lender agreeing to permit a tenant to remain in its leasehold when the tenant’s landlord (who would be the lender’s borrower) defaults under its loan to the lender. Read More
- Non-marital propertyGenerally, property owned by either spouse prior to marriage or acquired by them individually, such as by gift or inheritance, during the marriage. Read More
- Non-recourseThe concept of a lender not having recourse against (i.e., the right to pursue recovery from) any assets of a borrower other than those assets specifically given as collateral. Read More
- Non-recourse carve-outsExceptions to non-recourse provisions of a loan, identifying circumstances and events for which a lender could seek recovery from a borrower’s assets other than the specific pledged collateral. Read More
- Non-Resident AlienAn individual who is neither a resident nor a citizen of the United States. A non-resident alien nonetheless may be subject to federal estate tax or probate with regard to certain assets sitused in the United States. An estate tax treaty between that individual’s home country and the United(...) Read More
- Non-toxicatingNot intoxicating; incapable of causing intoxication. Unlike Tetrahydrocannabidol (THC), Cannabidiol (CBD) is non-intoxicating, as it does not cause intoxicating effects. Read More
- Nondischargeable debtDebt that cannot be eliminated through a bankruptcy proceeding. Such debts include, but are not limited to, student loans; most federal, state, and local taxes; money borrowed on a credit card to pay those taxes; and child support and alimony. Read More
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