Thursday, April 26, 2007

Words of the Day

Quid pro quo:
1. (italics) Latin. one thing in return for another.
2. something that is given or taken in return for something else; substitute.
3. An equal exchange or substitution.

Maxim:
1. an expression of a general truth or principle.
2. a principle or rule of conduct.

Novation:
1. Law. The substitution of a new obligation for an old one.
2. the introduction of something new; innovation.

Bona fide:
1. Made or carried out in good faith; sincere: a bona fide offer.
2. Authentic; genuine: a bona fide Rembrandt.

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