The Law Dictionary

MUNICIPAL BONDS

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

Securities that are sold by a local government entity in order to raise money for public projects. … [Read more...]

MUNICIPAL CORPORATION

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

A public corporation, created by government for political purposes, and having subordinate and local powers of legislation; e. p., a county, town, city, etc. 2 Kent, Comm. 275. An incorporation of persons, inhabitants of a particular place, or connected with a particular district, enabling them to conduct its local civil government Glov. Mun. Corp. 1. In English law. A body of … [Read more...]

MULTIPLE POINDING

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

In Scotch law. Double distress; a name given to an action, corresponding to proceedings by way of interpleader, which may be brought by a person in possession of goods claimed by different persons pretending a right thereto, calling the claimants and all others to settle their claims, so that the party who sues may be liable only "In once and single payment" Bell. Multiples et … [Read more...]

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