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The section of the economy which is not under government control and where private persons and parties operate their business to earn profit and income. … [Read more...] about PRIVATE SECTOR

In Roman law. A special constitution by which the Roman emperor conferred on some single person some anomalous or irregular right, or imposed upon some single person some anomalous or irregular obligation, or inflicted on some single person some anomalous or irregular punishment. When such privilegia conferred anomalous rights, they were styled "favorable." When they imposed … [Read more...] about PRIVILEGIUM

A vessel owned, equipped, and armed by one or more private individuals, and duly commissioned by a belligerent power to go on cruises and make war upon the enemy, usually by preying on his commerce. Priratio prsssnpponit habitum. 2 Rolle, 419. A deprivation presupposes a possession. … [Read more...] about PRIVATEER

A taking away or withdrawing. Co. Litt 239. Privatis paetionibus non dubium est non lanli jus oeterorum. There is no doubt that the rights of others [third parties] cannot be prejudiced by private agreements. Dig. 2, 15, 3, pr.; Broom, Max. 697. Prlvatonun eonvontio juri publico non derogat. The agreement of private individuals does not derogate from the public right, [law.] … [Read more...] about PRIVATION

Latin: Private. just private law. Inst 1, 1, 4. Privatum eommodnm publico oedlt. Private good yields to public. Jenk. Cent p. 223, case SO. The interest of an individual should give place to the public good. Id. Privatum inoommodum publico bono pensatur. Private inconvenience is made up for by public benefit Jenk. Cent p. 8$ case 65; Broom, Max. 7. … [Read more...] about PRIVATUM