a term used to describe a pardon that is granted to a person by the action of a legislative body.

A calculation of premiums less expenses and losses to determine profitability of a company.

A permit or license required by law to allow you to engage in a certain activity.

A reserve insurers maintain to cover loss. It protects the company from going into insolvency .

Limits or controls that have been place on activities by its ruling legislation .

A scheme of compensation where an employee who is medically incapacitated will receive a guaranteed minimum income for a set period.

Trust that is created by an operation of law where real property is held by trustees for the immediate or essential sale using their discretion.

When each common stock is assigned one shareholder vote holding equal weight to director nominees. Refer to cumulative voting .

Lat. In the civil law . Established; determined. A term applied to judicial action . Dig. 50, 10, 40. pr. In old English law . A statute; an act of […]

of statutes which have been revised, collected, arranged in order, and re-enacted as a whole; this is the legal title of the collections of compiled laws of several of the […]

In practice . A stopping; the act of arresting a judicial proceeding , by the order of a court. See In re Schwarz (D. C.) 14 Fed. 7SS.

a term used when a case is postponed, usually until a matter pending is taken care of.

The hold that is put on the carryout of an order or judgment of a court.

Suspension in the progression of a law suit by a court order in situations where proceedings are frivolous or a plaintiff has been involved in misconduct .

A court order suspending a judicial proceeding either in full or in part.

This term is commonly used In indictments for larceny, (“take, steal, and carry away,”) and denotes the commission of theft. But, in popular usage, “stealing” seems to be a wider […]

word used to describe the actions of a person who takes something that is not his to take. Also thieving, robbing, acts of larceny.

Theft is so called by some ancient writers. “Stealth is the wrongful taking of goods without pretense of title.” Finch, Law, b. 3, c. 17.

Undertaking by a bank that will indemnify the carrier from liabilities arising from a shipment release without necessary documents of shipping.

A firm providing passenger and or cargo transport services that are scheduled with its own vessels or leased vessels.

An alloy of iron that contains carbon as low as 0.03 % as in a steel ingot through to 2.5% in cast iron. Varying amounts of other elements such as […]

In Scotch law. Corns, cattle, straw, and implements of hus- bandry delivered by a landlord to his tenant, by which the tenant is enabled to stock and labor the farm; […]

Factors making up the external environment of the organization such as economic, social, technological, political and ecological that affect decision making .

Committee advising on issues key to company objectives and policy such as marketing strategy , budget control, allocation of resources .

Fr. In French law . A party who fraudulently mortgages property to which he has no title.