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In admiralty law and marine insurance. A part of the sea inclosed in rocks. U. S. v. Morel, 13 Am. Jur. 286, 26 Fed. Cas. 1,310. … [Read more...] about BASIN

In French marine law. A vessel or ship. … [Read more...] about BATIMENT

A light house, or sea mark, formerly used to alarm the country, in case of the approach of an enemy, but now used for the guidance of ships at sea, by night, as well as by day. … [Read more...] about BEACON

In English law. An advocate; one who has been called to the bar. A counsellor learned in the law who pleads at the bar of the courts, and who is engaged in conducting the trial or argument of causes. To be distinguished from the attorney, who draws the pleadings, prepares the testimony, and conducts matters out of court. In re Rickert, 66 N. H. 207, 29 Atl. 559, 24 L. R. A. … [Read more...] about BARRISTER

Usually used when computing income and capital gains and losses, it is an initial value used in determining how much profit or loss exists when property is sold. It is most common that the basis is what was the initial cost paid for property but it may be adjusted to reflect improvements or damage to the property. Also see stepped-up basis and carryover basis. … [Read more...] about BASIS