Glossary

Spent conviction

Glossary

A “spent” conviction or caution is one which, under a scheme established by the Rehabilitation of Offenders Act 1974, no longer needs to be disclosed, eg to a future employer. Broadly speaking, a conviction for which someone is sentenced to less than two and a half years in prison, or to a non-custodial sentence, becomes spent Continue reading

Stare decisis

Glossary

Latin expression of the common law doctrine of binding precedent. Literally, “to stand by what is (or has been) decided”. Continue reading

Summary offence

Glossary

A less serious criminal offence which would be tried in a Magistrates’ Court. Continue reading

Third Party Debt order, TPD order

Glossary

In civil litigation, a Third Party Debt (TPD) order enables a debt, or part of a debt, owed by a third party to the defendant, to be paid directly to the claimant, in satisfaction of a judgment debt. So if person A claims money from person B and the court upholds A’s claim and orders B to Continue reading

UCP 600 (Uniform Customs & Practice for Documentary Credits)

Glossary

The Uniform Customs & Practice for Documentary Credits (UCP 600) is a set of rules agreed by the International Chamber of Commerce, which apply to finance institutions which issue Letters of Credit – financial instruments helping companies finance trade. Many banks and lenders are subject to this regulation, which aims to standardise international trade, reduce Continue reading