Debt Glossary for alphabet "L"
Date: Mon, 05/29/2006 - 14:32
What about Litigation....I had to look that one up..
Litigation involves the legal process of recovering the damages
Litigation involves the legal process of recovering the damages for losses and injuries. In most cases, the disputes are tried to be resolved outside the court. If the matter does not reach to any conclusion in litigation, a court trial is done and the parties need to show a presence. Litigation process begins after the complaint has been filed. The document is filed with the court, but the plaintiff is given some time to resolve the matter outside the court. If the matter is not solved, it finally asks for their attendance at the court.
