In Saxon law. A villeiu, or agricultural tenant, (villunus villicus;) a hind orfarmer, (firmarius rusticus.) Spelman.

Lat. In the civil law . A son- in-law ; a daughter’s husband. (Filia: vir.) Dig. 38, 10, 4, 0.

Pertaining to, or designating, the genus or class, as distinguished fromthat which characterizes the spccics or individual . Universal, not particularized; as opposedto special. Principal or central; as opposed to […]

Condition when all parties involved in a bill of exchange accept it without qualification . Original terms of the B/E are unchanged. Also refer to qualified acceptance .

Typically, an investment portfolio composed of safe, guaranteed investments. Used to invest the premium generated income.

federal agency that is headed by a person called the comptroller general who is responsible for auditing and accounting for the funds of the US government.

A stand-alone company adjusting claims as well as training adjusters. Essentially an adjustment clearinghouse for many different insurers.

The grant of authority to administer upon the entire estate of a decedent, without restriction or limitation , whether under the intestate laws or with the will annexed. Clemens v. […]

General agents selling life insurance organized into a business system .

1. Has several principals as business or professional clients. 2. Authorized to act in a client’s or principal’s behalf in specific or all business dealings, like banking or legal. Also […]

National Association of Life Underwriters affiliates. Agents and managers comprise various groups involved.

Commercial general liability limit legally imposed. Applies to personal injury , property damage , and bodily injury awards and several different types of damages.

Formed in 1947 in Geneva, Switzerland. Free trade between contracting, signatory countries enacted. Intended to mitigate devastating effects of protectionist measures. One severe example of such was the US Smoot-Hawley […]

An agency of the United Nations established in 1948 to promote international free trade. GATT was actively involved in coordinating issues related to multilateral quotas and tariffs, export restraints, and […]

Agreement / contract for a member lending country to deposit monies in the International Monetary Fund (IMF), allowing member countries to borrow these funds. US, Canada, UK, Belgium, the Netherlands, […]

Accounting for expenditures not directly associated with goods or services production. Money spent in operating a business for typical things, such as rent, salaries, telephone charges, and the like.

A variable of potential lessening in overall administrative costs when analyzing outcome as companies combine following an acquisition . Typically, less cost is expected once the companies combine. Contrasts to […]

In cases of negligence , to set standard care by taking into account variables in a set way of doing things .

Appraisers appointed under an act of congress to afford aid and assistance to the collectors of customs in the appraisement of imported merchandise . Gibb v. Washington, 10 Fed. Cas. […]

This term applies to the money and property available and the assets in hand that can be used to pay an outstanding debt .

An assignment made for the benefit of all the assignor’s creditors, instead of a few only; or one which transfers the whole of his estate to the assignee, instead of […]

when a debtor transfers title to a trustee who can then liquidate the property to pay creditors.

a lawsuit that is based on an implied promise to pay debt.

Now largely replaced by (refer to) relevant institute cargo clause, it is a provision to share risk, damages and expenses incurred in proportion to the value of exposed cargo. It […]

Combined from several business purposed credits. Reforestation, research and starting a pension plan are aggregate tax allowances.