Nil
Term · Law · MLC-T-LAW-003402
A shortened form of the Latin word "nihil," meaning nothing, often used in legal records and financial statements. It indicates an absence of value, quantity, or liability. For example, a court record might show "nil return" if no action was taken or no assets were found.
| Identifier | MLC-T-LAW-003402 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-003402",
"term": "Nil",
"field": "Law",
"definition": "A shortened form of the Latin word \"nihil,\" meaning nothing, often used in legal records and financial statements. It indicates an absence of value, quantity, or liability. For example, a court record might show \"nil return\" if no action was taken or no assets were found.",
"url": "https://mlchart.com/terminology/law/nil/"
}
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