K

K
The shorthand symbol for "contract" used by lawyers and law students.

Kangaroo Court
Slang for a court that operates unjustly or with unfair bias.

Keogh Plan
A type of retirement plan for self-employed people, allowing part of their earnings to be taken from their income to accumulate tax-deferred in an investment account until withdrawn.

Key Employee
For purposes of the Family and Medical Leave Act (FMLA), a salaried employee who is in the highest-paid 10% of the company's employees working within 75 miles of the employee's worksite. An employer does not have to reinstate a key employee after FMLA leave if doing so would cause the company substantial and grievous economic injury.

Kidnapping
Taking a person away by means of fear, force, or fraud. Kidnapping is a felony. It is also a federal crime, due to the assumption that the victim can be carried across state lines; this gives the FBI jurisdiction to pursue the alleged kidnapper.

Kin
A blood relative.

Kindred
Under some state's probate laws, all relatives of a deceased person.

Kiting
Illegally taking advantage of the time it takes checks or other instruments to clear (the float), by writing bad checks between different accounts. Because a bank doesn't realize that there are insufficient funds in the account, it may honor a bad check. Also called check kiting.

Know-How
A particular kind of technical knowledge that may not be confidential but that is needed to accomplish a task.

Korematsu V. United States (1944)
The U.S. Supreme Court decision that upheld the nation's policy of holding Japanese Americans in internment camps during World War II. The Court said that the policy was a valid exercise of congressional and presidential war power.