Restriction or circumspection; settling an estate or property; a certain time allowed by a statute for litigation. In estates. A limitation, whether made by the express words of the party or existing in intendment of law, circumscribes the continuance of time for which the property is to be enjoyed, and by positive and certain terms, or by reference to some event which possibly … [Read more...]

commerce. Small vessels employed in loading and unloading larger vessels. 2. The owners of lighters are liable, like other common carriers for hire; it is a term of the contract on the part of the carrier or lighterman, implied by law, that his vessel is tight and fit for the purpose or employments for which he offers and holds it forth to the public; it is the immediate … [Read more...]

estates. When an estate is so expressly confined and limited by the words of its creation, that it cannot endure for a longer time than till the contingency shall happen, upon which the estate is to fail, this is denominated a limitation; as, when land is granted to a man while he continues unmarried, or until the rents and profits shall have made a certain sum, and the like; … [Read more...]

A structure, usually in the form of a tower, containing signal lights for the guidance of vessels at night, at dangerous points of a coast, shoals, etc. They are usually erected by government, and subject to governmental regulation. Light house board. A commission authorized by congress, consisting of two officers of the navy, two officers of the corps of engineers of the army, … [Read more...]

A contractual clause which limits or sets the maximum amount of damages that will be awarded in the event of breach. … [Read more...]