A court order instructing the other party to undertake some specific act, such as selling a piece of land
Injunctions
A court order prohibiting a person from taking a particular action or requiring them to take a particular action
Damages
Any amount of money awarded by a court to compensate a claimant who has suffered a loss or damage as a result of a wrong for which the defendant is responsible
Ratio decidendi
The reason for deciding and is part of the judgement delivered at the end of a case
Obiter Dicta
A remark or opinion and not officially part of the ruling, nor precedential for other cases
Precedent
The custom of the courts to stand by previous decisions, so that once a point of law is decided upon by a court, then the same law must be applied to future cases with materially similar facts
Ambiguity
Language in an agreement has more than one meaning
Remedies
How a court enforces a right or orders a redress for a wrong
Deviate
A departure from the agreed route or the usual route
Restitutions
Reversing one parties unfair or unjust benefit at the expense of another party
Rescission
When a party rightfully cancels a contract because of another party's material breach
PEP
Politically exposed person (has had a highly exposed position in the last 6 months)
Negative pledge clause
Allows a floating charge to hold its place in distribution over a fixed charge
