Principle Legal Term Meaning

The principle is a basic rule, a law or a doctrine. It is a law or rule that must be followed or generally must be followed. For example, the principle of indemnity is a rule of insurance law that states that an insurance policy must not place a higher value on the insured`s damage. Although almost all textbooks and many dictionaries warn against confusing principles and principles, many people still do. The principle is just a name; Principal is both adjective and noun. If you are not sure which name you want, read the definitions in this dictionary. The parties reached an agreement in principle. The reasons why torture is unacceptable can be divided into purely principled reasons and reasons based on the disastrous consequences of torture. A fundamental and well-established rule of law. A fundamental truth or undisputed jurisprudence; A given legal statement that is clear and does not need to be proven.

In principle, something is possible, even if it has not yet been tested or completed. The Commission has always followed the principle that the public interest is best served when regulatory issues are as open as possible. A principle forms the basis for the development of other laws and regulations. Fundamental truths or legal doctrines; comprehensive rules or teachings that provide a basis or origin for others; established rules of action, procedures or legal decisions. Yes, these two words are confusing; We see evidence of abuse both in newspapers and books monitored by professional publishers, so don`t feel bad if you have problems with them. The principle functions only as a noun (such as “a complete and fundamental law, doctrine or assumption”); If you want it to be an adjective, you have to use the word in principle. The principal, on the other hand, can function as a noun (e.g., the principal of a school) or as an adjective (meaning “most important”). Generally, a person or thing that is more important than others when identified for a specific purpose. More precisely, in different contexts: the principle can also be a normative rule or a code of conduct or a law or fact of nature that underlies the operation of an artificial device. 3.

Someone who has primary responsibility for fulfilling an obligation. See warranty. 1. Someone who allows someone else to act in their place. See Agent, Fiduciary and Fiduciary Duty. 4. The corpus of a trust, which is composed of the assets from which the trust is financed. 2. The basic amount of a debt or investment – which excludes interest, profits or other additional income on the underlying base amount. A ground rule or belief about what is morally correct behavior.