Business, Legal & Accounting Glossary
A branch of the United States government with power derived directly from the U.S. Constitution. Federal courts decide cases involving the U.S. Constitution, federal law–for example, patents, federal taxes, labor law and federal crimes, such as robbing a federally chartered bank–and cases where the parties are from different states and are involved in a dispute for $75,000 or more.
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This glossary post was last updated: 22nd April, 2020 | 0 Views.