This term is given to verdict that is out of proportion to the matter in hand and violates the conscious of the court.

Expense added to the cost of a rental or lease contract due to a quantity of dings, dents, dirt, interior stains and tears, and scratches above a subjective norm. Known […]

Known also as excessive wear and tear charge .

In conveyancing . A mutual grant of equal Interests, (in lauds or tenements,) the one in consideration of theother. 2 Bl. Comm. 323; Windsor v. Collin- son, 32 Or. 297, […]

An attempt to improve a country’s balance of payments position by a government-imposed constraining of conversion of its currency to another specific country’s currency.

A facility offered by certain EXCHANGES where two parties can agree to swap, off exchange, a FUTURES contract for a physical ASSET at the price quoted on the exchange. Before […]

Swapping assets that are very different, like land for bearer bonds. Both instruments in the swap have significant value.

Swapping assets that are very much alike, like land in one state for very similar land in another state. Both instruments in the swap have similar significant value.

Method of maintaining equilibrium in an exchange rate. Member countries of an economic community maintain exchange rate parity among their competing currencies. Fluctuation up to some agreed-to limit is allowed […]

Investing or dealing with competing currencies that have no mutually agreed-to fluctuation limit carries this exposure and uncertainty . Known also as currency risk.

The percentage of how many of a buying company’s shares are to be swapped for the shares of a company being bought.

Marketable , tradable shares representing worth of an index-based fund. This type of fund contains shares of sector or industry-type the index represents, like a silver or retail index.

A DERIVATIVE contract , traded through an authorized EXCHANGE and cleared through a CLEARINGHOUSE , that is characterized by standard terms and conditions , and is subject to standard MARGIN […]

A MUTUAL FUND on a security, BASKET or index, that trades on an EXCHANGE with continuously quoted and constantly changing prices, and which provides investors with the ability to engage […]

Marketable , tradable vehicles, like bonds or shares one can swap, rather than sell and buy, for another common stock .

That department of the English government which has charge of thecollection of the national revenue; the treasury department.It is said to have been so named from the chequered cloth, resembling […]

An Inland imposition, paid sometimes upon the consumption of the commodity,and frequently upon the retail sale. 1 Bl. Comm. 318; Story, Const.

1. A tax on manufactured, exchanged, or locally sold produce goods. 2. A tax on a company’s revenue, instead of on the company’s income. 3. A fixed tax on an […]

A stickie that is objective evidence that a tax has been paid for the sold product, typically alcohol and cigarettes.

a direct and fixed charge placed on goods.

In old English law . A sluice to carry off water; the payment to the lord for the benefit of such a sluice. Cowell.

1. Something not covered, as in specific damage not covered in an auto policy. S 2. Something not included in an investigation or a tax. An example is an asset […]

Statement in an agreement that does not cover or does not include something, such as excluding relatives from insurance coverage. Refer to exculpatory clause , exemption clause , and indemnity […]

To keep witnesses from influencing other witnesses, witnesses are kept out of the courtroom unless giving testimony. Prevents witnesses from discussing testimony with other witnesses before giving testimony. Rule of […]

An attachment to a policy that eliminates coverage for certain hazards.