Simple English definitions for legal terms
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A suggestive name is a term used in trademark law to describe a name that hints at the nature or quality of the product or service being offered. For example, "Coppertone" for sunscreen or "Netflix" for a streaming service. These names suggest what the product or service is without being too descriptive.
Suicide is the act of intentionally taking one's own life. It is also known as self-killing, self-destruction, self-slaughter, self-murder, or felony-de-se. Attempted suicide is an unsuccessful suicidal act. Assisted suicide is the intentional act of providing a person with the medical means or knowledge to commit suicide. Suicide-by-cop is a form of suicide in which the suicidal person intentionally engages in life-threatening behavior to induce a police officer to shoot the person.
Example: A person who jumps off a building to end their life is committing suicide.
A letter of credit is a commercial law instrument under which a bank agrees to honor a draft or other demand for payment made by a third party as long as the draft or demand complies with specified conditions, regardless of whether any underlying agreement between the customer and the beneficiary is satisfied. There are different types of letters of credit, such as documentary, confirmed, and standby letters of credit.
Example: A company in the United States wants to buy goods from a company in China. The U.S. company uses a letter of credit to guarantee payment to the Chinese company once the goods are received.