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standing |
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Standing Level of priority in the trading crowd. standing Having a sufficient stake in the outcome of a dispute so as to justify a court in believing that the party will vigorously defend or pursue the rights at issue in litigation.The concept of standing used to be very narrow, so that if a property owner contracted for selective cutting of timber, but the timber company clear-cut and left a devastated wasteland behind, only the property owner could sue for damages because he or she was the only one with standing.Today, the concept has been expanded and would probably include adjoining landowners and even public interest groups who would be recognized as having standing and the ability to sue the timber company. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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