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Simple English definitions for legal terms
specialist
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A quick definition of specialist:
A specialist is someone who is an expert in a specific area. For example, a lawyer who has been certified in a certain field of law is called a specialist. In the world of finance, a specialist is a member of a securities exchange who is responsible for making sure that the market for certain securities is fair and orderly.
A more thorough explanation:
Definition: A specialist is someone who has expertise in a specific field or area.
Examples:
- A lawyer who has been board-certified in a specific field of law is considered a specialist. For example, a lawyer who is board-certified in family law is a specialist in that area of law.
- In the securities industry, a specialist is a member of a securities exchange who makes a market in one or more listed securities. The exchange assigns securities to various specialists and expects them to maintain a fair and orderly market as provided by SEC standards.
The examples illustrate that a specialist is someone who has advanced knowledge and skills in a specific area. They are recognized for their expertise and are expected to maintain high standards in their field.