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LSDefine
Simple English definitions for legal terms
suggestive name
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A quick definition of suggestive name:
A suggestive name is a name that hints at or implies something about the product or service it represents. For example, a restaurant called "The Burger Joint" suggests that they serve burgers. A suicide is when someone intentionally takes their own life. A suicide clause is a part of an insurance policy that either excludes suicide as a covered risk or limits the insurer's liability in the event of a suicide. A letter of credit is a document that a bank issues to guarantee payment to a third party. There are different types of letters of credit, including a clean letter of credit, which is payable on its presentation, and a standby letter of credit, which is used to guarantee a monetary or nonmonetary obligation.A more thorough explanation:
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.