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Countersignature
In law, countersignature refers to a second signature onto a document. For example, a contract or other official document signed by the representative of a company may be countersigned by their supervisor to verify the authority of the representative. Also, a money order or other financial instrument may be signed once upon receipt, then signed again by the same person when presented for payment, as an indication that the bearer is the same person who originally received the item, and not a thief who has stolen the item before it could be carried to the place where it was to be presented. An example in which a countersignature is needed is with British passport applications. In some constitutional monarchies and parliamentary republics, an order by the head of state (monarch or president respectively) is not valid unless countersigned by another authorised relevant person such as the head of government, a responsible minister or, in the case of promulgation of a parliamentary re ...
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Signature
A signature (; from la, signare, "to sign") is a handwritten (and often stylized) depiction of someone's name, nickname, or even a simple "X" or other mark that a person writes on documents as a proof of identity and intent. The writer of a signature is a signatory or signer. Similar to a handwritten signature, a signature work describes the work as readily identifying its creator. A signature may be confused with an autograph, which is chiefly an artistic signature. This can lead to confusion when people have both an autograph and signature and as such some people in the public eye keep their signatures private whilst fully publishing their autograph. Function and types The traditional function of a signature is to permanently affix to a document a person's uniquely personal, undeniable self-identification as physical evidence of that person's personal witness and certification of the content of all, or a specified part, of the document. For example, the role of a signatu ...
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Document
A document is a written, drawn, presented, or memorialized representation of thought, often the manifestation of non-fictional, as well as fictional, content. The word originates from the Latin ''Documentum'', which denotes a "teaching" or "lesson": the verb ''doceō'' denotes "to teach". In the past, the word was usually used to denote written proof useful as evidence of a truth or fact. In the computer age, "document" usually denotes a primarily textual computer file, including its structure and format, e.g. fonts, colors, and images. Contemporarily, "document" is not defined by its transmission medium, e.g., paper, given the existence of electronic documents. "Documentation" is distinct because it has more denotations than "document". Documents are also distinguished from " realia", which are three-dimensional objects that would otherwise satisfy the definition of "document" because they memorialize or represent thought; documents are considered more as 2-dimensional rep ...
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Agency (law)
The law of agency is an area of commercial law dealing with a set of contractual, quasi-contractual and non-contractual fiduciary relationships that involve a person, called the agent, that is authorized to act on behalf of another (called the principal) to create legal relations with a third party. Succinctly, it may be referred to as the equal relationship between a principal and an agent whereby the principal, expressly or implicitly, authorizes the agent to work under their control and on their behalf. The agent is, thus, required to negotiate on behalf of the principal or bring them and third parties into contractual relationship. This branch of law separates and regulates the relationships between: * agents and principals (internal relationship), known as the principal-agent relationship; * agents and the third parties with whom they deal on their principals' behalf (external relationship); and * principals and the third parties when the agents deal. Concepts The recipro ...
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Money Order
A money order is a directive to pay a pre-specified amount of money from prepaid funds, making it a more trusted method of payment than a cheque. History The money order system was established by a private firm in Great Britain in 1792 and was expensive and not very successful. Around 1836 it was sold to another private firm which lowered the fees, significantly increasing the popularity and usage of the system. The Post Office noted the success and profitability, and it took over the system in 1838. Fees were further reduced and usage increased further, making the money order system reasonably profitable. The only draw-back was the need to send an advance to the paying post office before payment could be tendered to the recipient of the order. This drawback was likely the primary incentive for establishment of the Postal Order System on 1 January 1881. Usage A money order is purchased for the amount desired. In this way it is similar to a certified cheque. The main difference i ...
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Financial Instrument
Financial instruments are monetary contracts between parties. They can be created, traded, modified and settled. They can be cash (currency), evidence of an ownership interest in an entity or a contractual right to receive or deliver in the form of currency (forex); debt ( bonds, loans); equity ( shares); or derivatives ( options, futures, forwards). International Accounting Standards IAS 32 and 39 define a financial instrument as "any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity". Financial instruments may be categorized by "asset class" depending on whether they are equity-based (reflecting ownership of the issuing entity) or debt-based (reflecting a loan the investor has made to the issuing entity). If the instrument is debt it can be further categorized into short-term (less than one year) or long-term. Foreign exchange instruments and transactions are neither debt- nor equity-based and bel ...
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British Passport
A British passport is a travel document issued by the United Kingdom or other British dependencies and territories to individuals holding any form of British nationality. It grants the bearer international passage in accordance with visa requirements and serves as proof of citizenship. It also facilitates access to consular assistance from British embassies around the world. Passports are issued using royal prerogative, which is exercised by His Majesty's Government; this means that the grant of a passport is a privilege, not a right, and may be withdrawn in some circumstances. British citizen passports have been issued in the UK by His Majesty's Passport Office, an agency of the Home Office, since 2014. All passports issued in the UK since 2006 have been biometric. The legacy of the United Kingdom as an imperial power has resulted in several types of British nationality, and different types of British passport exist as a result. Furthermore, each of the Crown dependencie ...
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Constitutional Monarchy
A constitutional monarchy, parliamentary monarchy, or democratic monarchy is a form of monarchy in which the monarch exercises their authority in accordance with a constitution and is not alone in decision making. Constitutional monarchies differ from absolute monarchies (in which a monarch is the only decision-maker) in that they are bound to exercise powers and authorities within limits prescribed by an established legal framework. Constitutional monarchies range from countries such as Liechtenstein, Monaco, Morocco, Jordan, Kuwait, and Bahrain, where the constitution grants substantial discretionary powers to the sovereign, to countries such as Australia, the United Kingdom, Canada, the Netherlands, Spain, Belgium, Sweden, Malaysia, Thailand, Cambodia, and Japan, where the monarch retains significantly less personal discretion in the exercise of their authority. ''Constitutional monarchy'' may refer to a system in which the monarch acts as a non-party political head of ...
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Parliamentary Republics
A parliamentary republic is a republic that operates under a parliamentary system of government where the executive branch (the government) derives its legitimacy from and is accountable to the legislature (the parliament). There are a number of variations of parliamentary republics. Most have a clear differentiation between the head of government and the head of state, with the head of government holding real power, much like constitutional monarchies (however in some countries the head of state, regardless of whether the country's system is a parliamentary republic or a constitutional monarchy, has 'reserve powers' given to use at their discretion in order to act as a non-partisan 'referee' of the political process and ensure the nation's constitution is upheld). Some have combined the roles of head of state and head of government, much like presidential systems, but with a dependency upon parliamentary power. For the first case mentioned above, the form of executive-bran ...
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Head Of State
A head of state (or chief of state) is the public persona who officially embodies a state Foakes, pp. 110–11 " he head of statebeing an embodiment of the State itself or representatitve of its international persona." in its unity and legitimacy. Depending on the country's form of government and separation of powers, the head of state may be a ceremonial figurehead or concurrently the head of government and more (such as the president of the United States, who is also commander-in-chief of the United States Armed Forces). In a parliamentary system, such as the United Kingdom or India, the head of state usually has mostly ceremonial powers, with a separate head of government. However, in some parliamentary systems, like South Africa, there is an executive president that is both head of state and head of government. Likewise, in some parliamentary systems the head of state is not the head of government, but still has significant powers, for example Morocco. In contrast, ...
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Head Of Government
The head of government is the highest or the second-highest official in the executive branch of a sovereign state, a federated state, or a self-governing colony, autonomous region, or other government who often presides over a cabinet, a group of ministers or secretaries who lead executive departments. In diplomacy, "head of government" is differentiated from "head of state"HEADS OF STATE, HEADS OF GOVERNMENT, MINISTERS FOR FOREIGN AFFAIRS
, Protocol and Liaison Service, United Nations (19 October 2012). Retrieved 29 July 2013.
although in some countries, for example the United States, they are the same person. The authority of a head of government, such as a president, chancellor, or prime minister and the relationship between that position and other state institutions, ...
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Promulgation
Promulgation is the formal proclamation or the declaration that a new statutory or administrative law is enacted after its final approval. In some jurisdictions, this additional step is necessary before the law can take effect. After a new law is approved, it is announced to the public through the publication of government gazettes and/or on official government websites. National laws of extraordinary importance to the public may be announced by the head of state on national broadcast. Local laws are usually announced in local newspapers and published in bulletins or compendia of municipal regulations. Jurisdiction-specific details Armenia Bills are enacted by the President of Armenia and published in the '' Official Gazette of the Republic of Armenia''. Belgium Statutes are promulgated by the King of the Belgians and published in the '' Belgian Official Journal''. Decrees and Ordinances are promulgated by the different Regional and Community governments and published in t ...
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Parliamentary Speaker
The speaker of a deliberative assembly, especially a legislative body, is its presiding officer, or the chair. The title was first used in 1377 in England. Usage The title was first recorded in 1377 to describe the role of Thomas de Hungerford in the Parliament of England.Lee Vol 28, pp. 257,258. The speaker's official role is to moderate debate, make rulings on procedure, announce the results of votes, and the like. The speaker decides who may speak and has the powers to discipline members who break the procedures of the chamber or house. The speaker often also represents the body in person, as the voice of the body in ceremonial and some other situations. By convention, speakers are normally addressed in Parliament as 'Mister Speaker', if a man, or 'Madam Speaker', if a woman. In other cultures, other styles are used, mainly being equivalents of English "chairman" or "president". Many bodies also have a speaker ''pro tempore'' (or deputy speaker), designated to fill in w ...
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