An excess or surplus. … [Read more...]

In the English courts, barristers at law have been divided into two classes, viz., king's counsel, who are admitted within the bar of the courts, in seats specially reserved for themselves, and Junior counsel, who sit without the bar; and the latter are thence frequently termed barristers of the "outer bar," or "utter bar," in contradistinction to the former class. Brown. … [Read more...]

An agreement to purchase as much as a producer is able to produce at a fixed or set price. … [Read more...]

A common practice where a company accepts more reservations than it has accommodations for what is being sold, for example, seats on an airplane or rooms in a hotel. This practice is done on the presumption that a percentage of people will frequently cancel reservations or fail to show. Airlines may legally overbook but hotels and most other businesses do not. Airlines may be … [Read more...]

The name given to the great hall of the parliament house in Edinburgh, in which the lords ordinary of the court of session sit as single judges to hear causes. The term is used colloquially as expressive of the business done there in contradistinction to the "Inner House," the name given to the chambers in which the first and second divisions of the court of session hold their … [Read more...]