Business, Legal & Accounting Glossary
n. an admission of the truth of a fact by any person, but especially by the parties to a lawsuit, when a statement obviously would do that person harm, be embarrassing, or be against his/her personal or business interests. Another party can quote in court an admission against interest even though it is only hearsay.
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This glossary post was last updated: 26th April, 2020 | 0 Views.