Examlex
The cost of issuing preferred stock by a corporation must be adjusted to an after-tax figure because of the 70 percent dividend exclusion provision for corporations holding other corporations' preferred stock.
Territorially Fair
A principle aiming for fairness and equity in the enactment and enforcement of laws within different geographical territories.
Convenient Forum
A legal principle allowing courts to dismiss or transfer cases to another jurisdiction that is more suitable or appropriate for resolving the case.
Original Jurisdiction
The authority of a court to hear a case for the first time, as opposed to appellate jurisdiction, which is the authority to review decisions made by lower courts.
Limited Jurisdiction
The restricted authority granted to certain courts to hear only specific types of cases or cases within particular geographical areas.
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