Business, Legal & Accounting Glossary
adj. having been convicted of a crime or having admitted the commission of a crime by pleading “guilty” (saying you did it). A defendant may also be found guilty by a judge after a plea of “no contest,” or in Latin nolo contendere. The term “guilty” is also sometimes applied to persons against whom a judgment has been found in a lawsuit for a civil wrong, such as negligence or some intentional act like assault or fraud, but that is a confusing misuse of the word since it should only apply to a criminal charge.
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This glossary post was last updated: 28th April, 2020 | 5 Views.