Jurisdiction explained

Updated the site “Jurisdiction”: https://schmitt-trading.com/en/domiciles

Jurisdiction (from Latin juris ‘law’ + dictio ‘declaration’) is the legal term for the authority granted to a legal entity to enact justice. Colloquially it is used to refer to the geographical area (situs: location of the issue. In federations like the United States, areas of jurisdiction apply to local, state, and federal levels.

Jurisdiction draws its substance from international law, conflict of laws, constitutional law, and the powers of the executive and legislative branches of government to allocate resources to best serve the needs of society.
Source: Jurisdiction, https://en.wikipedia.org/w/index.php?title=Jurisdiction&oldid=1042413123 (last visited Oct. 25, 2021).

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