Legal Actions

In Personam
In Personam (against the person) refers to legal actions directed towards an individual, based on personal liability and requiring the court to have jurisdiction over the defendant.
In Rem
In rem is a legal term referring to actions or proceedings directed towards property, or 'the thing', rather than towards a specific person. The objective of an in rem proceeding is to resolve matters involving property rights without addressing the personal liability of individuals.
Mareva Injunction
A Mareva Injunction, also known as a freezing injunction, is a legal remedy granted by a court to freeze the assets of a defendant to prevent them from being dissipated or moved out of reach, pending the outcome of a legal action.
Unincorporated Association
An unincorporated association is a group of individuals who come together for a common purpose but do not form a corporation or any other legal entity. Their structure lacks a separate legal personality, meaning any legal actions must be taken against the individual members rather than the association itself.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.