Legal instrument

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The Jolly Contrarian’s Glossary
The snippy guide to financial services lingo.™


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A somewhat fusty expression for a complicated grab-bag of similar things that one likes to refer to collectively in boilerplate; therefore one we should use more than we do, for all its fustiness. A “legal instrument” covers a contract, a negotiable instrument,[1] a constitutive document, the rules of a club, organisation, society, exchange or clearing house, a regulation, a statute and — possibly — a written judgment that, through the doctrine of stare decisis, attains the status of the positive law of the land.

We like the expression “legal instrument”, therefore.

See also

References

  1. Including, therefore, a cow.