comity

comity definition - business

comity

In law, an informal agreement among legal jurisdictions to recognize the decisions or laws of one another. For example, most marriages that take place under the laws of one state are recognized by each of the other 49 states.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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