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Simple English definitions for legal terms
S.W.
Read a random definition: ALJ
A quick definition of S.W.:
S.W. stands for South Western Reporter, which is a book that contains legal cases from the Southwestern region of the United States. It also refers to other legal terms like "swain" and "swamp and overflowed land." In finance, "swap" can mean exchanging one thing for another, like trading stocks or currencies.
A more thorough explanation:
Definition: S.W. is an abbreviation for South Western Reporter, which is a legal publication that contains court decisions from the Southwestern United States.
Examples:
- The case was reported in the S.W. 2d. This means that the court decision was published in the second series of the South Western Reporter.
In addition to the legal context, S.W. can also stand for other terms:
- Swain: Another word for a young man or a country youth.
- Swamp and Overflowed Land: Land that is covered by water or is prone to flooding.
- Swap: A financial transaction where two parties exchange payments or rates over a specified period and according to specified conditions.
Examples:
- The company agreed to a stock swap with another corporation. This means that the company exchanged its own stock for the other corporation's stock as part of a corporate reorganization.
- The two banks entered into a currency swap agreement. This means that the banks agreed to exchange specified payment obligations denominated in one currency for specified payment obligations denominated in a different currency.
These examples illustrate how S.W. can have different meanings depending on the context in which it is used.