| Term | Definition |
|---|
| Administrative Law | Regulations, rules, orders and decisions handed down by administrative agencies. |
| Appeals Court | A court that has jurisdiction to review appeals of decisiorom lower courts.AKA appellate court |
| CAMELS Rating System | A system used by bank regulatory agencies to evaluate bank safety and soundness. Factors; Capitol adequacy, Asset quality, Management, Earnings, Liquidity and Sensitivity. |
| Case Law | Law derived from court decisions. |
| Civil Case | Any case that does not involve criminal charges. |
| Common Law | Law derived from the ancient, unwritten law of England that has been reflected in judges' rullings over the years. |
| Express Warranty | A specific statement by a seller that the product or service for sale or lease is of certain quality. |
| Federal Register | a daily publication f the federal government that contains proposed and final rules and regulations adopted by federal administrative agencies. |
| Implied Warranty | a guarantee not sprecifically made by the sellor or lessor but implied by law or custom, The guarantee assumes that the seller or lessor has title to a product and that the product is usable for the purpose for which it was bought or leased. |
| Judicial Review | An action taken by an appellate court when a party appeals an order or decision of a regulatory agency, seeking to have it reversed by a court. |
| Jurisdiction | The power of a court to interpret the law in relation to a particular matter. |
| Law | That which must be obeyed and followed by citizens, subject to sanctions or legal consequenses. |
| Legislature | A group of elected officials with the authority to enact new laws. |
| Regulation | An official rule or set of rules having the force of law. Regulations are issued by government aggencies and are based on and designed to impliment laws enacted by legislatures. |
| Statute | A law that specifies actions that are not allowed or actions that must be taken. |
| Trial Court | A court in which trials are held and testimony taken. |
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