In Louisiana, this name is given to that part of a deceased husband's estate, to which the widow is entitled. … [Read more...] about MARITAL PORTION
M
MARINE INSURANCE
contracts. Marine insurance is a contract whereby one party, for a stipulated premium, undertakes to indemnify the other against certain perils or sea risks, to which his ship, freight, or cargo, or some of them may be exposed, during a certain voyage, or a fixed period of time. 2. This contract is usually reduced to writing; the instrument is called a policy of insurance. 3. … [Read more...] about MARINE INSURANCE
MARITAL PRIVILEGE
The right not to be forced to disclose at trial the confidential communications between husband and wife during marriage. Such communications are inadmissible at trial without an exception. … [Read more...] about MARITAL PRIVILEGE
MARINE INTEREST
contracts. A compensation paid for the use and risk of money loaned on respondentia and bottomry; provided the money be loaned and put in risk, there is no limit as to the amount which may be lawfully charged by the lender. … [Read more...] about MARINE INTEREST
MARITAL PROPERTY
The property that is accumulated by the spouses during the marriage, also referred to as community property in some states. State law governs what is to be included within marital property and may include exclusions, such as inheritance. … [Read more...] about MARITAL PROPERTY
