4 Coke, 15. The more favorable construction is to be placed on general or doubtful expressions.
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BENIGNIUS LEGES INTERPRCTANDSE SUNT QUO VOLUNTAS EARUM CONSERVETUR
Laws are to be more liberally interpreted, in order that their intent may be preserved. Dig. 1, 3, 18.
BENZENE (C6H6)
A highly flammable hydrocarbon. Its a solvent and feedstock. Products such as paint, plastic, and rubber have it in them. It comes frm toluene or coal. It is a carcingoen. […]
BENZENE POISONING
The effect that benzene has through contact with people. It causes dizziness, headaches, and nausea. In very severe cases death by respiratory failure.
BEQUEATH
To give personal property by will to another. Lasher v. Lasher, 13 Barb. (N. Y.) 106. This word is the proper term for a testamentary gift of personal property only, […]
BEQUEST
A gift by will of personal property ; a legacy. A specific bequest is one whereby the testator gives to the legatee all his property of a certain class or […]
BERCARIA
In old English law , a sheepfold; also a place where the bark of trees was laid to tan.
BERCARIUS, OR BERCATOR
A she herd.
BEREWICHA, OR BEREWTCA
In old English law . A term used in Domesday for a village or hamlet belonging to some town or manor.
BERGHMAYSTER
An officer having charge of a mine. A bailiff or chief officer among the Derbyshire miners, who, in addition to his other duties, executes the office of coroner among them. […]
BERGHMOTH, OR BERGHMOTE
The ancient name of the court now called “bar- mote,” (q. v.)
BERLE-MEANS THESIS
When a board of directors is placed in charge. The owners rely on them to run things for them. Ownership and control are separated.
BERLIN WALL
A wall built in 1961 to separate West Berlin and East Germany. It was a reminder of the iron curtain and taken down in 1989.
BERMUDA AGREEMENT
In 1946 three more freedoms were added to the 1944 Chicago convention. The US and the UK allowed an airline to pick up cargo or passengers from their mother country […]
BERMUDA OPTION
An OPTION that can only be EXERCISED on specific dates prior to maturity (e.g., once every month, quarter, or year). Also known as a MIDATLANTIC OPTION. See also AMERICAN OPTION […]
BERMUDATRANSFORMER
AClass 3 Bermudaregistered INSURER that is authorized to write and purchase INSURANCE and REINSURANCE and deal in DERIVATIVES . In order to comply with regulatory restrictions , banks often use […]
BERNE CONVENTION
An international copyright treaty. It addresses treatment, protection, and forbids imposition on certain types of literary work . It was signed in 1886 and revised in 1914, 1928, 1948, 1967, […]
BERNET
In Saxon law. Burning; the crime of house burning, now called “arson.” Cowell; Blount
BERRA
In old law. A plain; open heath. Cowell.
BERRY RATIO
How a company determines their status in a fiscal period. The gross income and operational costs are used in this calculation.
BERRY, OR BURY
A villa or Stat of habitation of a nobleman; a dwelling or mansion house; a sanctuary.
BERTH
1. a place where passengers sleep on a ship or train. 2. where a boat is moored when loading and discharging passengers or cargo.
BERTILLON SYSTEM
A method of anthropometry , used chiefly for the identification of criminals and other persons, consisting of the taking and recording of a system of numerous, minute, and uniform measurements […]
BERTON
A large farm; the barn-yard of a large farm.
BERTRAND COMPETITION
When output and prices are set based on the idea that the competition will not change their prices. Refer to Cournot competition.