Stability
/ˈsteɪbɪlɪti/
Definitions
- (n.) The condition of being stable, legally referring to the reliability and consistency of legal arrangements or institutions over time.
The stability of the contract ensures predictable rights and obligations for both parties.
- (n.) In insolvency law, the capacity of an entity to maintain solvency and meet its financial obligations.
The company’s financial stability is crucial to avoid bankruptcy proceedings.
Related terms
See also
Commentary
In legal drafting, stability often implies predictability and enforceability, emphasizing durable legal relationships or financial soundness.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.