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OMNIUM

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

In mercantile law. A term used to express the aggregate value of the different stock in which a loan is usually funded. Tomlins. Omnium eontributione sarciatur qnod pro omnibus datum est. 4 Bing. 121. That which is given for all Is recompensed by the contribution of all. A principle of the law of general average. Omnium rerum quarum usus est, potest esse abusus, virtute solo excepta. There may be an abuse of everything of which there is a use, virtue only excepted. Dav. Ir. K. B. 79.

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