Original intent is a method of interpreting constitutional and statutory documents to understand the purpose and intent of those who drafted them. It can be used for academic or practical purposes, but can be controversial. It is often debated in regards to a country’s constitution, with some arguing that understanding intent is critical to understanding […]
Originalism is a legal theory that interprets the US Constitution based on the meaning of its words to a reasonable person in 1700s America, using historical evidence. It opposes the idea of a “living constitution” and differs from the original intent theory. The theory examines phrases in the Bill of Rights in their historical context, […]
Courts of original jurisdiction are the starting point for trials and judgments, with the power to hear cases and issue binding rulings. They are usually low-level courts, but can be appealed to higher courts. Different countries have different names for these courts, and the US has separate courts for different types of disputes. Appellate courts […]
Original entry books, such as registers, journals, and ledgers, are used by accountants to record and separate business transactions. Public organizations use accounting records for fund accounting, while private companies may not use them frequently. The general ledger is the most important book of original entry and must match each journal for adherence to national […]
Original face refers to the initial value of a mortgage-backed security, which remains constant even as the value decreases due to mortgage payments. Investors expect a set financial return, but missed payments can result in lower returns. Mortgage-backed securities are a common investment vehicle, but investors diversify to limit risk. Original face is a financial […]
The United Nations was founded in 1945 with 51 member nations. It was created to promote international peace and security after the failure of the League of Nations. It now has 193 member nations and discusses various topics such as climate change and sustainable development. The UN has its own flag and emblem. Founded in […]
Oprah Winfrey’s name was intended to be spelled “Orpah” after the Biblical Ruth’s sister-in-law, but was misspelled on her birth certificate. Oprah is a media mogul who debuted her talk show in 1984 and has acted in 16 films. She also testified before a US Senate Judiciary Committee to establish a database of convicted pedophiles, […]
