TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
A voluntary association of persons pursuing the same trade, art, profession, or business, such as printers, goldsmiths, wool merchants, etc., united under a distinct organization of their own, analogous to that of a corporation, regulating the affairs of their trade or business by their own laws and rules, and aiming, by cooperation and organization, to protect and promote the … [Read more...]
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
By this term the French lay writers signify a maritime loan, or bottomry. It is so called because the lender exposes his money to the perils of the sea; and contributes to the gross or general average. … [Read more...]
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
L. Fr. Largely, greatly. Grossement enseint, big with child. Plowd. 76. … [Read more...]
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
In mining law. A contract between two parties by which one undertakes to furnish the necessary provisions, tools, and other supplies, and the other to prospect for and locate mineral lands and stake out mining claims thereon, the Interest in the property thus acquired inuring to the benefit of both parties, either equally or in such proportions as their agreement may fix. Such … [Read more...]
TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.
mar. law. That kind of average which falls on the ship, cargo, and freight, and. is distinguished from particular average. See Average. … [Read more...]