The name given, under the former English practice in bankruptcy. to the persons appointed under the great seal to ||| COMMISSIONER 224 COMMITTITUR execute a commission of bankruptcy, (q. v.)
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COMMISSIONERS OF CIRCUIT COURTS
Officers appointed by and attached to the circuit courts of the United States , performing functions partly ministerial and partly judicial. To a certain extent they represent the judge in […]
COMMISSIONERS OF DEEDS
Officers emimvered by the government of one state to reside in another state, and there take acknowledgments of deeds and other papers which are to be used as evidence or […]
COMMISSIONERS OF HIGHWAYS
Officers appointed in each county or township, in many of the states, with power to take charge of the altering, opening, repair, and vacating of highways within such county or […]
COMMISSIONERS OF SEWERS
In English law . Commissioners appointed under the great seal, and constituting a court of special jurisdiction ; which is to overlook the repairs of the banks and walls of […]
COMMISSIONING
The way equipment in a plant is inspected to see if it can still meet its objecives.
COMMISSIONS
The compensation or reward paid to a factor, broker, agent, bailee, executor, trustee, receiver, etc., when the same is calculated as a percentage on the amount of his transactions or […]
COMMISSIONS EXPENSE
The fee paid to an advisor on investments for stocks and bonds.
COMMISSIVE
Caused by or consisting in acts of commission, as distinguished from neglect, sufferance, or toleration; as in the phrase “commissive waste,” which is contrasted with ” permissive waste.” See WASTE
COMMISSORIA LEX
In Roman law. A clause which might be inserted in an agreement for a sale upon credit, to the effect that the vendor should be freed from his obligation , […]
COMMIT
In practice . To send a person to prison by virtue of a lawful authority, for any crime or contempt, or to an asylum, workhouse, reformatory , or the like, […]
COMMITMENT
In practice . The warrant or mittimus by which a court or magistrate directs an officer to take a person to prison. The act of sending a persou to prison […]
COMMITMENT BASIS ACCOUNTING
The way a commitment is recorded in the balance of an appropriation , fund, or contract.
COMMITMENT FEE
A fee for the lender that they are given for supplying an official letter of the loan terms for the borrower. The fee can be anything from a quarter percent […]
COMMITMENT LETTER
A letter that gives the borrower an amount at a rate but only during a certian time period . All the requirements must be met before the loan is official. […]
COMMITTED FUNDING
A financing facility provided by a BANK to a borrower, which cannot be withdrawn unless the borrower breaches COVENANTS or other terms of the facility; this means the bank must […]
COMMITTEE
In practice . An assembly or board of persons to whom the consideration or management of any matter is committed or referred by some court. Lloyd v. Hart, 2 Pa. […]
COMMITTEE ON PAYMENT AND SETTLEMENT SYSTEMS (CPSS)
A committee of banks from the G10 countries that monitor payments and build a stronger market structure . It was started in 1990 and its headquarters are hosted in the […]
COMMITTEE ON UNIFORM SECURITY IDENTIFICATION PROCEDURE (CUSIP) NUMBER
A 9 character number that is used to register a security in the US and Canada. Other countries have their own system similar to this one. Reer to International Securities […]
COMMITTING MAGISTRATE
See MAGISTRATE .
COMMITTITUR
In practice . An order or minute, setting forth that the person named in it is committed to the custody of the sheriff
COMMITTITUR PIECE
An instrument in writing on paper or parchment, which charges a person, already in prison, in execution at the suit of the person who arrested him. 2 Chit. Arclib. Pr. […]
COMMIXTIO
In the ciyil law. The mixing together or confusion of things, dry or solid, belonging to different owners, as distinguished from confusio, which has relation to liquids.
COMMODATE
In Scotch law. A gratuitous loan for use . Ersk. Inst. 3, 1, 20. Closely formed from the Lat. comnwdatum, (q. v.)
COMMODATI ACTIO
Lat. In the civil law . An action of loan; an action for a thing lent. An action given for the recovery of a thing loaned, (commodatuin,) and not returned […]