Simple English definitions for legal terms
Read a random definition: vested ownership
Definition: JA is an abbreviation for Judge Advocate or joint account. In accounting, an account is a detailed statement of the debits and credits between parties to a contract or to a fiduciary relationship. It can also refer to a course of business dealings or other relations for which records must be kept.
Example: In legal proceedings, a Judge Advocate (JA) is a military officer who serves as a legal advisor to a military commander. In accounting, a joint account is a bank or brokerage account opened by two or more people, by which each party has a present right to withdraw all funds in the account and, upon the death of one party, the survivors become the owners of the account, with no right of the deceased party's heirs or devisees to share in it.
The examples illustrate that JA can have different meanings depending on the context. In legal proceedings, it refers to a specific role, while in accounting, it refers to a type of account.