Eligible = legal, able or allowed to do something

Ex: All shareholders are eligible to vote the Annual General Meeting.

Valid = being acceptable, because it is true or relevant

Ex: When he was asked to explain his actions, he had no valid explanations.

Intangible = difficult to value as it is does not exist physically

Ex: Goodwill is one of the company’s intangible assets, and as such cannot be declared as part of the company’s capital.

Admissible = acceptable, referring to evidence which a court will allow to be used

Ex: The documents produced were not considered relevant to the case and were therefore not admissible.

Fiduciary = trustful, acting as trustee for someone else, or being in a position of trust

Ex: A company director has a fiduciary duty to the company he works for and the people who work there.

Unprecedented = no having happened before

Ex: At the trial, the judge took the unprecedented step of asking the claimant to remove his shirt.

Irreconcilable = very strong, so that is not possible for two sides to reach an agreement

Ex: The judge accepted that X could not go back to work in the same company because of irreconcilable differences opinion between him and the directors.

Unanimous = where everyone votes the same way

Ex: The magazine was acquitted if libel when the jury returned unanimous verdict ‘not guilty’.

Gross = serious

Ex: The rail company was accused of gross negligence by failing to ensure passenger’s safety.

Accountable = responsible for what had happened

Ex: When pieces of broken glass were found in dome of its products, the company was held accountable.

Void = null, not having any legal effect

Ex: The company solicitor examined the contract very carefully, and eventually declared it void.

Impartial = not biased or prejudiced

Ex: The sacked workers claimed unfair dismissal, and demanded a fair and impartial hearing

Deductible = able to removed

Ex: Interest changes are tax deductible so we haven’t made as much as we had hoped.

Insolvent = no able to pay debts

Ex: After a terrible year, during which it lost almost 8 million, the company was declared insolvent.

Pecuniary = financial

Ex: He was accused of trying to obtain a pecuniary advantage by getting involved in insider dealing.

Occupational = referring to jobs and work

Mandatory = obligatory or necessary according to the law or rules

Exempt = not required to pay, or not covered by law

Negotiable = able to be changed by discussion

Verbatim = in the exact words

Unconditional = with no condition attached

Fraudulent = not honest, aiming ti deceive people for financial gain

Feasible = possible or practical

Redundant = no longer needed or valid

Habitual = doing something repeatedly

Solvent = having enough money to pay debts

Material = important, relevant

Nominal = a very small amount

Corporate = referring to a company

Open-ended = with no fixed period, or with some items not specified

Litigious = very willing to bring a lawsuit against someone to settle a disagreement