Legal Definition
In a legal context, 'eligible' refers to a status or qualification that meets the specific criteria set forth in a governing document, statute, or contract. It signifies that an individual, entity, or asset possesses the necessary prerequisites to participate in a process, receive a benefit, or be considered valid under the established rules.
Plain-English Translation
Imagine 'eligible' means you have met all the rules—like having the right qualifications—to be included in a group or to get what you need according to the law. It means you qualify for something specific.