A clause within an agreement or contract which requires a party or the parties to settle any and all disputes in an arbitration proceeding rather than a court of law. Law Dictionary - Alternative Legal Definition A clause inserted in a contract providing for compulsory arbitration in case of dispute as to rights or liabilities under it; ineffectual if it purports to oust the … [Read more...]

Among the acts; among the recorded proceedings. In the civil law, this phrase is applied to appeals taken orally, in the presence of the judge, at the time of judgment or sentence. … [Read more...]

Land suitable for the plow; arable land. Spelman. … [Read more...]

This takes place where a merchant pays his debts in one country by a bill of exchange upon another. … [Read more...]

An increase in value, for example appreciated property which has risen in value since purchase. … [Read more...]