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Latham in Focus Video Series

The Book of Jargon Series – Word of the Day®

The Book of Jargon® is a series of practice area and industry-specific glossaries published by Latham & Watkins.

Plain Meaning

the Ordinary and Customary Meaning given to a term by those of ordinary skill in the art at the time of the invention.

Word of the Day®

Encumbrance

in the oil and gas context, a right that attaches to a real property interest that affects, directly or indirectly, the owner’s title to the real property interest, including liens, Mortgages and other security interests, Royalties, options, and other contractual restrictions, such as an AMI.

Word of the Day®

Neuropathy

a term used to describe an abnormal and usually degenerative state of the nervous system or nerves, usually the peripheral nerves. Neuropathy is seen underlying a number of different medical conditions.

Word of the Day®

Ratification

approval by the Board of an action that has already occurred.

Word of the Day®

Abeyance

suspension (of Arbitration proceedings). Under the ICC Rules the ICC Court may require the payment of administrative expenses as a condition for holding an Arbitration in abeyance. See Stay (of Proceedings or Execution).

Word of the Day®

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