Juristic Act


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Juristic Act

An action intended and capable of having a legal effect; any conduct by a private individual designed to originate, terminate, or alter a right.

A court performs a juristic act when it makes a decision and hands down a judgment. An individual who enters into a contractual agreement is also performing a juristic act because of the legal ramifications of his or her agreement.

References in periodicals archive ?
RISK TAIL AND JUSTIFICATION FOR LEADING INDICATORS Leading Indicator Risk Tail REAL SECTOR Real GDP Lower Tail SET Index Lower Tail Juristic Act and Right Registration Fee Lower Tail (Property) CPI Upper Tail HPI Lower Tail EXTERNAL SECTOR Exports Lower Tail Real Effective Exchange Rate Lower Tail FINANCIAL SECTOR Broad Money Upper Tail Lending Rate Upper Tail CAPITAL ACCOUNT Foreign Reserve Lower Tail Leading Indicator Justification Real GDP Economic recession is associated with the onset of a crisis where the vulnerability of a country to financial crisis increases as the economy slumps further.