Dictionary of Business Terms: notice
notice
information concerning a fact actually communicated to a person by an authorized person, or actually derived by him from a proper source. Notice to a defendant of a lawsuit that has been instituted against him or of an action in which he may have an interest to defend is accomplished by service of process on him.
Dictionary of Real Estate Terms: notice
notice
official communication of a legal action or one's intent to take an action.
Example: recording a deed serves to give constructive notice to the public of one's ownership of a property.
