In maritime law . The storing, packing, or arranging of the cargo iu a ship, in such a mauner as to protect the goods from friction, bruising, or damage from […]

The directives from the shipper to the transporter about a items must be stowed in order to prevent loss or damage.

the term used to describe a person who has hidden inside a plane or ship to get a free ride.

Iu old English law. A valley. Co. Litt. 40.

The plan diagram showing where cargo is located on a vessel. Also known as the stowage plan.

In stock-brokers’ parlance the term means the double privilege of a “put” and a “call,” and secures to the holder the right to demand of the seller at a certain […]

Not negotiable bill as goods are paid or don’t need payment such as a donation. Identification needed on delivery. Also known as consignment bill of lading .

A bond that is noncallable, a fixed rate coupon on a bond in the euro markets, or a bullet repayment attached to a gilt.

Method of compensating a sales person where no salary is paid only a percentage of sales. See straight salary plan .

Documentary credit needing drafts to be presented to a party such as the bank issuing the credit or the bank that is advising.

A debt that cannot be changed into finance of a different form.

The calculation of the present value of any future cash flows without any compounding .

The premiums of the policy last the duration of the insured’s life to 100 years. Also called Continues premium whole life policy .

Method of calculating depreciation where the cost of the capital reduces by equal amounts for each period of accounting during an assets estimated life.

The method of keeping records in numerical order from the lowest to the highest.

Method of compensating a sales person where only a salary is paid with no commissions on sales.

Term in cost accounting for the number of hours worked in a day without overtime. See standard time .

Traditional production on an assembly line where parts are strategically located next to the line.

Applying reductions equally to a depreciable assets value in relation to predictions of its anticipated maturity. Refer to accelerated depreciation .

1. General. A body, individual or system with large demands place on its resources. 2. Engineering . Measure of how much a body will deform when under stress.

L. Lat. A man of straw, oue of no substance, put forward as bail or surety.

A shore or bank of the sea or a river. Doane v. Willcutt, 5 Gray (Mass.) 335, 00 Am. Dec. 309; Hell v. Hayes, U0 App. Div. 382. 09 X. […]

Valued instrument of the stock market that is not performing well but needs to be shown on financial statements.

Iu maritime law . The drifting, driving, or running aground of a ship on a shore or strand. Accidental stranding takes place where the ship is driven on shore by […]

Any person not withiu tlie consideration of natural love and affection arising from relationship .