Diversity Of Citizenship Legal Meaning and Definition

Here is a simplified definition of the legal term Diversity Of Citizenship.

Diversity of Citizenship (noun): A legal term used to describe a circumstance when a case qualifies to be tried in federal court due to the parties involved being citizens of different states, or a citizen of a foreign country. Also applicable to corporations incorporated or doing business in multiple states. It's a principle rooted in Article III, section 2 of the U.S. Constitution and the federal Judicial Code, but usually requires the case's disputed amount to exceed $10,000.