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BANERET, OR BANNERET

by Law Professor

In English law. A knight made in the field, by the ceremony of cutting off the point of his standard, and making it, as it were, a banner. Knights so made are accounted so honorable that they are allowed to display their arms in the royal army, as barons do, and may bear arms with supporters. They rank next to barons; and were sometimes called "vexillariu" Wharton. … [Read more...] about BANERET, OR BANNERET

BANKBOOK

by Law Professor

commerce. A book which persons dealing with a bank keep, in which the officers of the bank enter the amount of money deposited by them, and all notes or bills deposited by them, or discounted for their use. … [Read more...] about BANKBOOK

BALANCE OF TRADE

by Law Professor

Com. law. The difference between the exports and importations, between two countries. The balance of trade is against that country which has imported more than it has exported, for which it is debtor to the other country. … [Read more...] about BALANCE OF TRADE

BALLOON PAYMENT

by Law Professor

The large, final payment that is due when a loan ends. This most frequently refers to home loans, car loans or similar, where the final balloon payment will pay off the entire amount of the loan that weren't covered by monthly amounts due. In many states, balloon payments primarily for personal or family household use are prohibited or they may require the lender to allow … [Read more...] about BALLOON PAYMENT

BANI

by Law Professor

Deodands, (q. v.) … [Read more...] about BANI

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