Definition of Exist
To live; to have life or animation; to be in present force, activity, or effect at a given time, as in speaking of “existing” contracts, creditors, debts, laws, rights, or liens. To be or continue to be. State v. Sawtooth Men’s Club, 59 Idaho 616, 85 P.2d 695, 698.
That's the definition of Exist in Black's Law Dictionary 6th Edition. Courtesy of Cekhukum.com.