A work that is not pefect but will due according to the commercial standards.
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COMMERCIALLY DOMICILED
The main place of business that acts as headquarters. If there is no office it could be the officers or directors location. The place that a business does its dealings.
COMMERCIALLY REASONABLE
When a product or property is tested for fairness. Good faith is the accepted practice. If the sale is unreasonable than it may be rescinded.
COMMERCIUM
Lat. In the civil law . Commerce; business; trade; dealings in the nature of purchase and sale; a contract. Commercium jure gentium commune esse debet, et non in monopolium et […]
COMMINALTY
The commonalty or the people
COMMINATORIUM
In old practice. A clause sometimes added at the end of writs, admonishing the sheriff to be faithful in executing them. Bract fol. 398
COMMINGLE
This applies to the putting together of money from several sources into the one fund.
COMMINGLED FUND
A fund that lets an employee with a benefits plan mix capital for management, diversification , and investment opportunities in a larger deal.
COMMINGLING
1. when cash and personal funds are mixed for a firm. The tax authorities find it dangerous and make the offender liable for a firms loss. 2. putting many items […]
COMMISE
In old French law. Forfeiture; the forfeiture of a fief; the penalty attached to the ingratitude of a vassal. Guyot, Inst. Feod. c. 12
COMMISS AIRES – PRISEURS
In French law . Auctioneers , who possess the exclusive right of selling personal property at public sale in the towns in which they are established; and they possess the […]
COMMISSAIRE
In French law . A person who receives from a meeting of shareholders a special authority , viz., that of checking and examining the accounts of a manager or of […]
COMMISSARIAT
The whole body of officers who make up the commissaries’ department of an army
COMMISSARY
In ecclcsiastical law. One who is sent or delegated to execute some office or duty as the representative of his superior; an officer of the bishop, who exercises spiritual jurisdiction […]
COMMISSARY COURT
A Scotch ecclesiastical court of general jurisdiction , held before four commissioners, members of the Faculty of Advocates , appointed by the crown.
COMMISSION
A warrant or authority or letters patent , issuing from the government, or one of its departments, or a court, empowering a person or persons named to do certain acts, […]
COMMISSION BROKER
A broker that can be an agent for a brokerage firm. They are compensated by commission per trade.
COMMISSION DAY
In English practice. The opening day of the assises.
COMMISSION DEL CREDERE
in commercial law , is where an agent of a seller undertakes to guaranty to his principal the payment of the debt due by the buyer. The phrase “del credere” […]
COMMISSION MERCHANT
A term which is synonymous with “factor.” It means one who receives goods, chattels, or merchandise for sale, exchange, or other disposition , and who is to receive a compensation […]
COMMISSION OF ANTICIPATION
In English law . An authority under the great seal to collect a tax or subsidy before the day.
COMMISSION OF APPRAISEMENT AND SALE
Where property has been arrested in an admiralty action in rem and ordered by the court to be sold, the order is carried out by a commission of appraisement and […]
COMMISSION OF ARRAY
In English law . A commission issued to send into every county officers to muster or set in military order the inhabitants. The introduction of commissions of lieutenancy, which contained, […]
COMMISSION OF ASSISE
Those issued to judges of the high court or court of appeal, authorizing tnem to sit at the assises for the trial of civil actions.
COMMISSION OF AUTHORITY
The amount of power an insurance agent has in the company.