Used in the application of interest rates, equal to 0.01% or 1/100 of 1%. A rise in a rate of 10 basis points means a rise of 0.1%. … [Read more...] about BASIS POINT
B
BATTEL
Trial by combat; wager of battel. Law Dictionary - Alternative Legal Definition in French Bataille; Old English law. An ancient and barbarous mode of trial, by Bingle combat, called wager of battel, where, in appeals of felony, the appellee might fight with the appellant to prove his innocence. It was also used in affairs of chivalry or honor, and upon civil cases upon certain … [Read more...] about BATTEL
BEADLE
In English ecclesiastical law. An inferior parish officer, who is chosen by the vestry, and whose business is to attend the vestry, to give notice of its meetings, to execute its orders, to attend upon inquests, and to assist the constables. Wharton. … [Read more...] about BEADLE
BARTER
A contract by which parties exchange goods or commodities for other goods. It differs from sale, in this: that in the latter transaction goods or property are always exchanged for money. Guerreiro r. Peile, 3 Barn. & Aid. 617; Cooper v. State, 37 Ark. 418; Meyer v. Rousseau, 47 Ark. 460, 2 S. W. 112. This term is not applied to contracts concerning land, but to such only as … [Read more...] about BARTER
BASKET TENURE
In feudal law. Lands held by the service of making the king's baskets. … [Read more...] about BASKET TENURE
