ordinary law

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• Ordinary law — An ordinary law is a normal law, generally distinguished from a constitutional law, organic law, or other similar law. Typically, ordinary laws are subordinate to constitutional and organic laws, and are more easily changed than constitutional or …   Wikipedia

• ordinary — or·di·nary adj: of a kind to be expected from the average person or in the normal course of events; broadly: of a common kind or degree an ordinary proceeding compare extraordinary Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

• ordinary course of business — ordinary course of business: the usual manner and range of a business esp. considered in relation to the amount, circumstances, and validity of a particular transfer the bankruptcy trustee voided a transfer that was not in the ordinary course of… …   Law dictionary

• ordinary shares — carry the residual economic value of a company. They carry rights to distribution of profits through dividends, to the surplus assets of a company on a winding up and to votes at general meetings of the company. Easyform Glossary of Law Terms. UK …   Law dictionary

• ordinary legislative procedure — co decision (now called ordinary legislative procedure) European Union The co decision procedure was introduced by the Treaty of Maastricht. It gives the European Parliament (EP) the power to adopt instruments jointly with the Council of the… …   Law dictionary

• ordinary resolution — A resolution passed by a simple majority of members present at a general meeting. Easyform Glossary of Law Terms. UK law terms. ordinary resolution A resolution that has been passed by a simple maj …   Law dictionary

• ordinary loss — see loss Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. ordinary loss …   Law dictionary

• ordinary care — n 1: due care 2: conformity to the reasonable business standards that prevail in a particular area for a particular business Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

• ordinary income — n: income that does not derive from the exchange or sale of capital assets or property used in one s trade or business and that for individuals includes compensation, interest, dividends, and short term capital gains Merriam Webster’s Dictionary… …   Law dictionary

• ordinary shareholder — Ordinary shares carry the residual economic value of a company. They carry rights to distribution of profits through dividends, to the surplus assets of a company on a winding up and to votes at general meetings of the company. Easyform Glossary… …   Law dictionary

• ordinary and necessary business expense — n: ordinary and necessary expense at expense Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary