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Bigham clause
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Bigham clauseA clause inserted into most non-separation agreements, whereby the cargo owner's share of any general average contribution payable under such an agreement may not exceed the cost that the cargo owner would have incurred had his cargo been delivered to him at the port of refuge and then been forwarded to destination at his expense.
RELATED TERMS--------------------------------------
Clause
Contracts. A particular disposition which makes part of a treaty; of an act of the legislature; of a deed, written agreement, or other written contract or will.
Cargo
Maritim law. The entire load of a ship or other vessel.
Share
A portion of anything. Sometimes shares are equal, at other times they are unequal.
General
1) A principal officer, particularly in the army. 2) Something opposed to special; as, a general verdict, the general issue, which expressions are used in contradistinction to special verdict, special issue. 3) Principal, as the general post office. 4) Not select, as a general ship. 5) Not particular, as a general custom. 5) Not limited, as general jurisdiction. 7) This word is sometimes annexed or prefixed to other words to express or limit the extent of their signification; as Attorney General, Solicitor General, the General Assembly.
Contribution
Civil law. A partition by which the creditors of an insolvent debtor divide, among themselves the proceeds of his property, proportionably to the amount of their respective credits.
Agreement
A verbal or written resolution of disputes.
Owner
Property. The owner is he who has dominion of a thing real or person-al, corporeal or incorporeal, which he has a right to enjoy and to do with as he pleases, even to spoil or destroy it, as far as the law permits, unless he be prevented by some agreement or covenant which restrains his right.
Destination
Common law. The port at which a ship is to end her voyage is called her port of destination.
SIMILAR TERMS--------------------------------------
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Bid rotation
In purchasing when bidders for contracts Collude to distribute work among themselves by establishing which among them will win particular bids.
Bidder
Contracts. One who makes an offer to pay a certain price for an article which is for sale.
Biens
French word, which signifies property. In law, it means property of every description, except estates of freehold and inheritance.
Bigamus
Canon law, Latin. One guilty of bigamy.
Bigamy
Being married to more than one person at the same time. This is a criminal offence in most countries.
Bigham clause
Bilan
A book in which bankers, merchants and traders write a statement of all they owe and all that is due to them.
Bilateral contract
Civil law. A contract in which both the contracting parties are bound to fulfil obligations reciprocally towards each other
Bilinguis
English law. One who uses two tongues or languages.
Bill
1) Legislation. An instrument drawn or presented by a member or committee to a legislative body for its approbation and enactment. After it has gone through both houses and received the constitutional sanction of the chief magistrate, where such approbation is requisite, it becomes a law. 2) Merchant law. An account containing the items of goods sold, or of work done by one person against another. 3) Contracts. A bill or obligation, is a deed whereby the obligor acknowledges himself to owe unto the obligee a certain sum of money or some other thing, in which, besides the names of the parties, are to be considered the sum or thing due, the time, place, and manner of payment or delivery thereof. It may be indented, or poll, and with or without a penalty.
Bill 0f cost
Practice. A statement of the items which form the total amount of the costs of a suit or action.
RELATED TERMS--------------------------------------
Clause
Contracts. A particular disposition which makes part of a treaty; of an act of the legislature; of a deed, written agreement, or other written contract or will.
Cargo
Maritim law. The entire load of a ship or other vessel.
Share
A portion of anything. Sometimes shares are equal, at other times they are unequal.
General
1) A principal officer, particularly in the army. 2) Something opposed to special; as, a general verdict, the general issue, which expressions are used in contradistinction to special verdict, special issue. 3) Principal, as the general post office. 4) Not select, as a general ship. 5) Not particular, as a general custom. 5) Not limited, as general jurisdiction. 7) This word is sometimes annexed or prefixed to other words to express or limit the extent of their signification; as Attorney General, Solicitor General, the General Assembly.
Contribution
Civil law. A partition by which the creditors of an insolvent debtor divide, among themselves the proceeds of his property, proportionably to the amount of their respective credits.
Agreement
A verbal or written resolution of disputes.
Owner
Property. The owner is he who has dominion of a thing real or person-al, corporeal or incorporeal, which he has a right to enjoy and to do with as he pleases, even to spoil or destroy it, as far as the law permits, unless he be prevented by some agreement or covenant which restrains his right.
Destination
Common law. The port at which a ship is to end her voyage is called her port of destination.
SIMILAR TERMS--------------------------------------
PREVIOUS AND NEXT TERMS--------------------------------------
Bid rotation
In purchasing when bidders for contracts Collude to distribute work among themselves by establishing which among them will win particular bids.
Bidder
Contracts. One who makes an offer to pay a certain price for an article which is for sale.
Biens
French word, which signifies property. In law, it means property of every description, except estates of freehold and inheritance.
Bigamus
Canon law, Latin. One guilty of bigamy.
Bigamy
Being married to more than one person at the same time. This is a criminal offence in most countries.
Bigham clause
Bilan
A book in which bankers, merchants and traders write a statement of all they owe and all that is due to them.
Bilateral contract
Civil law. A contract in which both the contracting parties are bound to fulfil obligations reciprocally towards each other
Bilinguis
English law. One who uses two tongues or languages.
Bill
1) Legislation. An instrument drawn or presented by a member or committee to a legislative body for its approbation and enactment. After it has gone through both houses and received the constitutional sanction of the chief magistrate, where such approbation is requisite, it becomes a law. 2) Merchant law. An account containing the items of goods sold, or of work done by one person against another. 3) Contracts. A bill or obligation, is a deed whereby the obligor acknowledges himself to owe unto the obligee a certain sum of money or some other thing, in which, besides the names of the parties, are to be considered the sum or thing due, the time, place, and manner of payment or delivery thereof. It may be indented, or poll, and with or without a penalty.
Bill 0f cost
Practice. A statement of the items which form the total amount of the costs of a suit or action.
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This dictionary contains 8526 terms.
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