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equity. When a party has two funds by which his debt is secured, and another creditor has a claim only on one of these funds, a court of equity will compel the creditor having a double security to resort to that fund which will leave the other creditor his security, this is called marshalling assets. 4 Bouv. Inst. n. 3788; 1 Story, Eq. Jur. 633 Amb. 91; 8 Ves. 389; 9 Ves. 209. … [Read more...] about MARSHALLING SECURITIES

An antiquated term to describe the employer and employee relationship. … [Read more...] about MASTER AND SERVANT

In English law. A prison belonging to the king's bench. It has now been consolidated with others, under the name of the "King's Prison." Marshalsea, court of. The court of the Marshalsea had jurisdiction in actions of debt or torts, the cause of which arose within the verge of the royal court. It was abolished by St. 12 & 13 Vict. c. 101. 4 Steph. Comm. 317, note d. … [Read more...] about MARSHALSEA

Engl. law. An officer of the superior courts of law, who has authority for taking affidavits sworn in court, and administering a variety of oaths; and also empowered to compute principal and interest on bills of exchange and other engagements, on which suit has been brought; he has also the power of an examiner of witnesses going abroad, and the like. … [Read more...] about MASTER AT COMMON LAW

These words, "marque" and "reprisal," are frequently used as synonymous, but, taken in their strict etymological sense, the latter signifles a "taking in return;" the former, the passing the frontiers (marches) in order to such taking. Letters of marque and reprisal are grantable, by the law of nations, whenever the subjects of one state are oppressed and injured by those of … [Read more...] about MARQUE AND REPRISAL, LETTERS OF