EDU Articles

Help CenterFind Your WayFree ProductsPremium Products
Expert's OpinionsTradingInvestingCryptoArtificial Intelligence
IntroductionMarket AbbreviationsStock Market StatisticsThinking about Your Financial FutureSearch for AdvisorsFinancial CalculatorsFinancial MediaFederal Agencies and Programs
Investment PortfoliosModern Portfolio TheoriesInvestment StrategyPractical Portfolio Management InfoDiversificationRatingsActivities AbroadTrading Markets
Investment Terminology and InstrumentsBasicsInvestment TerminologyTradingBondsMutual FundsExchange Traded Funds (ETF)StocksAnnuities
Technical Analysis and TradingAnalysis BasicsTechnical IndicatorsTrading ModelsPatternsTrading OptionsTrading ForexTrading CommoditiesSpeculative Investments
Cryptocurrencies and BlockchainBlockchainBitcoinEthereumLitecoinRippleTaxes and Regulation
RetirementSocial Security BenefitsLong-Term Care InsuranceGeneral Retirement InfoHealth InsuranceMedicare and MedicaidLife InsuranceWills and Trusts
Retirement Accounts401(k) and 403(b) PlansIndividual Retirement Accounts (IRA)SEP and SIMPLE IRAsKeogh PlansMoney Purchase/Profit Sharing PlansSelf-Employed 401(k)s and 457sPension Plan RulesCash-Balance PlansThrift Savings Plans and 529 Plans and ESA
Personal FinancePersonal BankingPersonal DebtHome RelatedTax FormsSmall BusinessIncomeInvestmentsIRS Rules and PublicationsPersonal LifeMortgage
Corporate BasicsBasicsCorporate StructureCorporate FundamentalsCorporate DebtRisksEconomicsCorporate AccountingDividendsEarnings
What Is Due Process?

What Is Due Process?

In the world of law and governance, few concepts are as fundamental and essential as "due process." It's a phrase that often finds its way into discussions about individual rights, the rule of law, and the proper functioning of a just society. But what exactly is due process, and why is it so crucial?

The Origins of Due Process

The roots of due process can be traced back to the 13th century, with the signing of the Magna Carta. This historic document marked a pivotal moment in history when King John of England was compelled to accept limitations on his power. Among these limitations was the commitment that "No free man shall be seized or imprisoned, or stripped of his rights or possessions, except by the lawful judgment of his equals or by the law of the land."

This provision effectively curtailed the arbitrary actions of the monarch, establishing the principle that even the highest authority in the land was bound by the law. The Magna Carta laid the foundation for due process, ensuring that individuals could not be deprived of their rights without a fair and lawful procedure.

Types of Due Process

In the United States, due process is enshrined in both the Fifth and Fourteenth Amendments to the Constitution. These amendments contain due process clauses that prohibit the government from depriving a person of "life, liberty, or property without due process of law." There are two primary types of due process: procedural and substantive.

Procedural Due Process: This aspect of due process demands that when the government takes actions that could result in the loss of life, liberty, or property, individuals must be provided with notice, an opportunity to be heard, and a decision by an impartial decision-maker. It ensures that any government action is carried out fairly and transparently.

Substantive Due Process: Substantive due process allows courts to protect certain fundamental rights from government interference, even if procedural safeguards are in place. It empowers the judiciary to strike down laws that infringe on essential liberties, even if those rights are not explicitly mentioned in the Constitution.

Courts have played a crucial role in upholding due process by scrutinizing and sometimes overturning laws that violate these principles. Consequently, lawmakers must be careful when drafting legislation to ensure it aligns with due process requirements.

Examples of Due Process

One concrete example of due process in action is the concept of eminent domain. In the United States, the Fifth Amendment's Takings Clause prevents the federal government from seizing private property without providing notice and just compensation. Even when the government exercises eminent domain to, for instance, acquire land for a public project like building a new highway, it must pay the property owner fair market value.

The Fourteenth Amendment extends the Takings Clause to state and local governments, ensuring that individuals' property rights are protected at all levels of government.

Due Process and the Law

Due process is not confined solely to property rights; it permeates various aspects of the legal system. For instance, the exclusionary rule prevents illegally obtained evidence, such as through unreasonable search and seizure, from being used in court. This safeguard ensures that legal proceedings are conducted fairly and in adherence to the law.

Additionally, the Sixth Amendment guarantees due process rights to criminal defendants. These rights encompass a speedy and impartial trial, the right to legal counsel, and the right to know the charges and accusers.

The Broad Impact of Due Process

Due process is a linchpin of the rule of law, ensuring that government actions are rooted in established legal principles and procedures. It affects not only individual rights but also the structure and functioning of a just society. International supervisory mechanisms, such as the European Court of Human Rights, emphasize the importance of fair trial concepts in a democratic society.

In summary, due process is a cornerstone of legal systems worldwide, safeguarding the rights and liberties of individuals while holding governments accountable to the rule of law. Understanding its historical origins and modern applications is essential for ensuring a just and equitable society for all citizens.

Tickeron's Offerings

The fundamental premise of technical analysis lies in identifying recurring price patterns and trends, which can then be used to forecast the course of upcoming market trends. Our journey commenced with the development of AI-based Engines, such as the Pattern Search EngineReal-Time Patterns, and the Trend Prediction Engine, which empower us to conduct a comprehensive analysis of market trends. We have delved into nearly all established methodologies, including price patterns, trend indicators, oscillators, and many more, by leveraging neural networks and deep historical backtests. As a consequence, we've been able to accumulate a suite of trading algorithms that collaboratively allow our AI Robots to effectively pinpoint pivotal moments of shifts in market trends.