Vehicle type that minimizes Federal estate taxes, giving the surviving spouse unlimited family assets access.

a term that is given to the part of a spouse’s estate that the other spouse is entitled to.

In old English law . The emolument or reveuue coming to the king from the sea, which the sheriffs anciently collected, but which was afterwards granted to the admiral. Spelman.

In old English law . Marine increases. Lands gained from the sea. Hale, de Jure Mar. pt 1, c. 4.

committed within a certain space of the court, wherever it might happen to be. Wharton.

U.S. Department of Transportation department. Its main functions are: to administer the U.S. Merchant Marine’s development and maintenance financial programs, to organize shipbuilding financing, and to handle emergencies for merchant […]

the name given to a contract to do with business that is transacted on navigable waters .

Law governing sea or seaport bound actions conducted and commerce transacted. Registration , license, and inspection procedures for ships and shipping contracts, insurance and carriage of goods and passengers are […]

Binding claim specific to a ship and/or its cargo. Typically, it is against a maritime liability payment from a voyage. Liabilities include seamen’s wages or collision damages arising. The claim […]

a phrase that represents a civil wrong that is committed at sea.

Lat. A husband; a married man. Calvin.

1. A character, usually in the form of a cross, made as a substitute for his signature by a person who cannot write, in executing a conveyance or other legal […]

Item’s selling price reduction. To stimulate demand or to drive away a competitor, a temporary reduction happens. To remove slow-selling items from inventory permanent markdowns are taken.

term used in trials when an exhibit is produced and the clerk is asked to mark it with a umber or letter so it can be identified later.

1. In Accounting, this is posting an asset as ‘marked’ or recorded at actual purchase / acquisition price or book value in the account books. 2. in Securities, this is […]

Security’s cost projection using prior projection figures information . An auditable method. Investors’ gained profit margin potentially false if using a stock’s higher-yield investment price.

A rule stating that every business day assets must be reported. It helps track loss and profit.

Using mathematical model rather than the market price to demean value.

Consumer demand driven action leading to a seller’s decision to shelve a price increase.

Consumer demand driven action leading to a vendor’s decision to retain a cost level.

A check guaranteed by the bank on which it is drawn when marked ‘good for payment’, typically by means of a special stamp. The check’s issuer thereby acknowledges to having […]

A penny anciently paid at the town of Maldon by those who had gutters laid or made out of their houses into the streets. Wharton.

A public time and appointed place of buying and selling; also purchase and sale. Caldwell v. Alton, 33 111. 419. 75 Am. Dec. 282; Taggart v. Detroit, 71 Mich. 92, […]

Continued or increased production and availability warranted by this state of satisfying a sufficiently large customer base with a good or service.

A country’s market availability for foreign goods and services. Import substitution and free competition is telling in the government’s economic policies.