- threshold
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thresh·old 1 /'thresh-ˌhōld/ n: a point of beginning: a minimum requirement for further action; specif: a determination (as of fact or the existence of a reasonable doubt) upon which something else (as further consideration or a right of action) hingesthe threshold for inquirythreshold 2 adj: of, relating to, or being a thresholdthe threshold issue in a negligence action is whether the defendant owed a duty of care to the plaintiff — Noakes v. City of Seattle, 895 P.2d 842 (1995)a threshold showing of the need for psychiatric evaluation
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
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I
(commencement) noun
beginning, foreword, inception, onset, outbreak, overture, preamble, prelude, prologue, start
II
(entrance) noun
door, entrance way, entry, gateway, sill
III
(verge) noun
brink, edge
associated concepts: monetary threshold
IV
index
cornerstone, entrance, margin (outside limit), onset (commencement), outline (boundary), outset, start
Burton's Legal Thesaurus. William C. Burton. 2006
- threshold
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USAIn the context of mergers and acquisitions, an indemnification concept limiting a party's obligation with respect to small claims. A threshold provides that an indemnifying party does not have an obligation to indemnify until the amount of the indemnified party's losses exceed a certain agreed amount. Once that amount is reached, the indemnifying party is liable for the total amount of losses (sometimes referred to as a "tipping" or "dollar one" basket).Compare this to a deductible which provides that the indemnifying party is only liable for the amount of losses in excess of the agreed amount once the agreed amount is reached.
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
