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The process of the law of Scotland which answers to the distress of the English law. Poinding is of three kinds: Real poinding or poinding of the ground. This is the action by which a creditor, having a security on the land of his debtor, is enabled to appropriate the rents of the land, and the goods of the debtor or his tenants found thereon, to the satisfaction of the debt … [Read more...] about POINDING

contracts. An instrument in writing by which the contract of insurance is effected and reduced into form. 2. The term policy of insurance, or assurance, as it is sometimes called, is derived from the Italian di olizza di assecurazione, or di securanza, or securta; and in that language signifies a tote or bill of security or indemnity. 3. The policy is always considered as being … [Read more...] about POLICY OF INSURANCE

civil law. A pollicitation is a promise not yet accepted by the person to whom it is made; it differs from a contract inasmuch as the latter includes a concurrence of intention in two parties, one of whom promises something to the other, who accepts on his part of such promise. L. 3, ff. Pollicit.; Grotius, lib. 2, c. 2; Poth. on Oblig. P. 1, c. 1, s. 1, art. 1,Section 2. 2. An … [Read more...] about POLLICITATION

A distinct proposition or question of law arising or propounded in a case. Point reserved. When, in the progress of the trial of a cause, an important or difficult point of law is presented to the court, and the court is not certain of the decision that should be given, it may reserve the point, that is, decide it provisionally as it is asked by the party, but reserve its more … [Read more...] about POINT

One who owns an insurance policy. … [Read more...] about POLICYHOLDER