Examlex
A floating inventory lien is a lender's claim on the borrower's general inventory as collateral for a secured loan.
Minimum Contacts Clause
A legal standard determining the jurisdiction of courts over parties based on the extent of their activities or connections within the state.
Federal Question Jurisdiction
This refers to the authority of United States federal courts to hear cases that involve federal laws, the U.S. Constitution, or treaties.
Original Jurisdiction
The power to decide a case as a trial court.
Diversity Jurisdiction
A principle in federal jurisdiction in the United States allowing federal courts to hear lawsuits involving parties from different states or countries where the matter in controversy exceeds a statutory amount.
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