S

By salvage loss is understood the difference between the amount of salvage, after deducting the charges, and the original value of the property. … [Read more...] about SALVAGE LOSS

In old English law. A payment due to the lord of the manor of Rodley, in the county of Gloucester, for liberty granted to the tenants to dig sand for their common use. Cowell. … [Read more...] about SAND-GAVEL

Without recourse. 2. These words are sometimes put on a bill before the payee endorses it; they have the effect of transferring the bill without responsibility to the endorser. … [Read more...] about SANS RECOURS

1. Accounting term; after the useful life of an object has ended, it is the remaining residual value left in the object. It is the remaining value of an asset after all depreciation has been taken against the asset. 2. The remaining value left after goods, a product, a vehicle, a building or other object have been destroyed. … [Read more...] about SALVAGE VALUE

Of natural and normal mental condition; healthy in mind Sane memory. Sound mind, memory, and understanding. This is one of the essential elements in the capacity of contracting; and the, absence of it in lunatics and idiots, and its immaturity in infants, is the cause of their respective incapacities or partial incapacities to bind themselves. The hke circumstance is their … [Read more...] about SANE