A Negative Pledge is an unsecured loan agreement’ provision requiring the borrower to get the current lender’s consent before obtaining any secured loan. An example is a bond indenture clause prohibiting the bond issuer from pledging these assets to a third party as it reduces the security level for the bondholders.
Negligence is conduct that falls below the standards of behaviour expected from citizens to protect others from harm. A person has acted negligently if they have ignored their duty of care expected of them as a reasonable person. Negligence can be harmful actions or a failure to act.
To discuss or arrange a sale or bargain; to arrange the preliminaries of a business transaction. Also to sell or discount negotiable paper, or assign or transfer it by endorsement and delivery.
Also known as an out of court settlement. When disputes are resolved through written correspondence, telephone calls or face to face mettings.
A Next Friend is a person representing a minor or mental patient who is involved in legal proceedings (see Guardian).
A Nominated Court is the court chosen to take evidence from request by a foreign court.
Non-Molestation is an order within an injunction to prevent one person physically attacking another.
Non-resident Parent is a term for a parent who is not living with a child and may or may not have rights to spend time with the child.
Proceedings where the plaintiff has failed to establish to the Court’s satisfaction that there is a case for the defendant to answer.
Not Guilty is the verdict from a Court that a person charged with a crime did not commit it, when a defendant is asked for their plea they can also plead not guilty.