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Simple English definitions for legal terms
matrix
Read a random definition: compensating balance
A quick definition of matrix:
Matrix: A list of people involved in a legal case, like a bankruptcy. It includes their names and addresses so that important papers can be sent to them. The first copy of this list is very important and all other copies must be made from it.
A more thorough explanation:
A matrix is a term used in different contexts, including:
In history, a matrix refers to the mother or source of something. For example, a matrix can be the original mold used to create a sculpture or the original manuscript of a book.
In civil law, a matrix is the original legal document from which all copies must be made. This ensures that all copies are accurate and authentic.
In bankruptcy law, a matrix is a list of the parties involved in a lawsuit, including their addresses. This list is used to serve pleadings and notices to the parties involved. For example, a matrix can be used to list the names and addresses of creditors in a bankruptcy case.
Overall, a matrix is a term used to refer to an original source or a list of important information that must be accurate and authentic.