duty

Definition

A moral or legal obligation to act (or not act) in a certain way, plus the taxes governments slap on imports and exports. In corporate settings, it's being 'on duty' or responsible for tasks. The term encompasses everything from your fiduciary duty to shareholders to the customs duty on that suspiciously cheap designer handbag.

Example Usage

As a board member, she has a fiduciary duty to act in the best interests of shareholders, not management.

Source: Legal and customs terminology

Related Terms

Intermediate

vexatious litigant

A person who repeatedly files frivolous or harassing lawsuits, requiring court permission before filing new cases. It's the legal system's restraining order against people who've weaponized the complaint form.

⚖️ Legal

Intermediate

antitrust

Legal terminology for "we're watching you, monopoly-wannabe" legislation designed to prevent companies from crushing all competition and dominating markets like cartoon villains. These laws theoretically stop businesses from forming trusts, cartels, and other capitalism-breaking schemes. It's the government's way of reminding corporations that playing fair isn't just a suggestion, it's federal law.

⚖️ Legal

Intermediate

summons

A legal document commanding your presence in court, delivered with all the warmth of a parking ticket. Unlike a simple invitation, this is one party you can't RSVP 'no' to without facing serious consequences. Think of it as the judicial system's way of saying 'we need to talk' but with enforcement mechanisms.

⚖️ Legal

Intermediate

regulation

Rules created by executive agencies or regulatory bodies that have the force of law, even though they're not passed by legislatures. It's how unelected bureaucrats get to tell you what you can and can't do, usually in excruciating detail. The federal government has approximately 47 million pages of these, give or take.

⚖️ Legal

Advanced

solicitation

In legal terms, the act of asking, urging, or downright begging someone to commit a crime, which is itself a crime even if they never do it. It's like being arrested for asking your friend to rob a bank, whether they actually rob it or tell you to get lost. Prosecutors love it because they can nail you before anyone actually does anything stupid.

⚖️ Legal

Intermediate

dicta

The judicial equivalent of a judge thinking out loud—commentary in a court opinion that's not essential to the decision and therefore not legally binding. It's like the DVD commentary track of legal opinions: interesting, but ultimately skippable.

⚖️ Legal

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See “duty” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.

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