In the vernacular, this term means desiccated or free from moisture; but, in legal use, it signifies formal or nominal, without imposing any duty or responsibility, or unfruitful, without bringing any profit or advantage. Dry exchange. See Exchange. Dry mortgage. One which creates a lien on land for the payment of money, but does not impose any personal liability upon the … [Read more...]
DRY
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.