Lat. On account of the soil; with reference to the soil. Said to be the ground of ownership in bees. 2 BL Comm. 393. … [Read more...]

A public valuation or assessment of every man's estate; or the ascertaining how much tax every one shall pay. Proportional or relative value, measure, or degree; the proportion or standard by which quantity or value is adjusted. Thus, the rate of interest is the proportion or ratio between the principal and interest So the buildings in a town are rated for insurance purposes; … [Read more...]

L. Lat. By reason of tenure; as a consequence of tenure. 3 Bl. Comm. 230. … [Read more...]

In international law. The redemption of captured property from the hands of an enemy, particularly of property captured at sea. 1 Kent, Comm. 104. A sum paid or agreed to be paid for the redemption of captured property. 1 Kent, Comm. 105. A "ransom," strictly speaking, is not a recapture of the captured property. It is rather a purchase of the right of the captors at the time, … [Read more...]

Among merchants, by rate of exchange is understood the price at which a bill drawn in one country upon another, may be sold in the former. … [Read more...]