Juridical Dictionary

This dictionary contains:
8526
juridical terms

Maritime profit




Maritime profit

Maritime law. The French writers use the term maritime profit to signify any profit derived from a maritime lean.

RELATED TERMS
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Maritime
That which belongs to or is connected with the sea.

Law
A rule or body of rules of conduct inherent in human nature and essential to or binding upon human society. The learned profession that is mastered by graduate study in a law school and that is responsible for the judicial system.

Term
1) Construction. Word; expression speech. 2) Contracts. This word is used in the civil, law to denote the space of time granted to the debtor for discharging his obligation; there are express terms resulting from the positive stipulations of the agreement; as, where one undertakes to pay a certain sum on a certain day and also terms which tacitly result from the nature of the things which are the object of the engagement, or from the place where the act is agreed to be done. For instance, if a builder engage to construct a house for me, I must allow a reasonable time for fulfilling his engagement. 3) Estates. The limitation of an estate, as a term for years, for life, and the like. The word term does not merely signify the time specified in the lease, but the estate also and interest that passes by that lease; and therefore the term may expire during the continuance of the time, as by surrender, forfeiture and the like. 4) Practice. The space of time during which a court holds a session; sometimes the term is a monthly, at others it is a quarterly period, according to the constitution of the court.



SIMILAR TERMS
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Marinarius
An ancient word which signified a mariner or seaman; in England marinarius capitaneus, was the admiral or warden of the ports.

Marine
Whatever concerns the navigation of the sea, and forms the naval power of a nation is called its marine.

Marine and shipping law unit
A research centre specializing in maritime law and the international law of the sea, operating at the T.C. Beirne School of Law, University of Queensland, Australia.

Marine contract
One which relates to business done or transacted upon the sea and in sea ports, and over which the courts of admiralty have jurisdiction concurrent with the courts of common law; such contracts include according to civilians and jurists among other things, charter parties, affreightments, marine hypothecations, contracts for the marine service in the building, re-pairing, supplying and navigating ships; contracts and quasi contracts respec- ting averages, contributions and jettisons, and policies of insurance.

Marine insurance
Contracts. A contract by which one party, for a stipulated premium, undertakes to indemnify the other, against all perils or sea risks, to which his ship; freight or cargo, or some of them, may be exposed, during a certain voyage or fixed period of time.

Marine insurance act
The Canadian federal statute on marine insurance, modelled on the United Kingdom's Marine Insurance Act, 1906..

Marine insurance industry
marine insurance may be divided into three categories: cargo; hull and machinery; and protection and indemnity

Marine interest
Contracts. A compensation paid for the use and risk of money loaned on respondentia and bottomry; provided the money be loaned and put in risk, there is no limit as to the amount which may be lawfully charged by the lender.

Marine league
A measure equal to the twentieth part of a degree.

Marine reinsurance
A contract whereby risks insured under a number of marine insurance contracts are redistributed among one or more reinsurers. Marine reinsurance contracts are often termed "reinsurance treaties".

Mariner
One whose occupation is to navigate vessels on the sea.

Maritagium
Anciently that portion which was given with a daughter in marriage.

Marital
That which belongs to marriage; as marital rights, marital duties.

Marital portion
In Louisiana, this name is given to that part of a deceased husband's estate, to which the widow is entitled.

Marital property
Property that is acquired by the spouses during the marriage. it typically does not include any property owned prior to marriage.

Marital settlement agreement
A written agreement entered into by the spouses getting divorced stating their rights and agreements pertaining to property, support and custody.

Maritime
That which belongs to or is connected with the sea.

Maritime cause
Maritime causes are those arising from maritime contracts, whether made at sea or on land, that is, such as relate to the commerce, business or navigation of the sea; as, charter parties, affreightments, marine loans, hypothecations, contracts for maritime service in building, repairing, supplying and navigating ships, contracts and quasi contracts respecting averages, contributions and jettisons; contracts relating to marine insurance, and those between owners of ships.

Maritime contract
One which relates to the navigation of the sea.

Maritime law
That system of law which relates to the affairs of the sea, such as seamen, ships, shipping, navigation, and the like.

Maritime lien
A secured claim against a ship (and sometimes against cargo or bunkers) in respect of services provided to the vessel or damages done by it. A maritime lien is a substantive right in the property of another, derived from the general maritime law (supra) and rooted in the civil law concept of a "privilège". It arises without notice, registration or other formalities, at the time the services are rendered or the damages are done. Unlike a common law possessory lien (infra), it does not depend for its existence on the possession of the res by the creditor. It travels with the ship, so as to encumber the title of subsequent owners or possessors and survives the conventional sale of the vessel. It remains inchoate from the moment it attaches, until it is enforced by an action in rem, when it relates back to the time it first attached. In the U.K. and British Commonwealth countries, it ranks after special legislative rights (infra), the costs of arrest and sale and custodia legis expenses (supra) and before ship mortgages (infra) and statutory rights in rem (infra).

Maritime loan
A contract or agreement by which one, who is the lender, lends to another, who is the borrower, a certain sum of money, upon condition that if the thing upon which the loan has been made, should be lost by any peril of the sea, or vis major, the lender shall not be repaid, unless what remains shall be equal to the sum borrowed; and if the thing arrive in safety, or in case it shall not have been injured, but by its own defects or the fault of the master or mariners, the borrower shall be bound to return the sum borrowed, together with a certain sum agreed upon as the price of the hazard incurred.

Maritime london
An organization promoting London as the world's premier maritime centre. Its website features news, information and links to various maritime organizations in the United Kingdom.



PREVIOUS AND NEXT TERMS
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Maritime contract
One which relates to the navigation of the sea.

Maritime law
That system of law which relates to the affairs of the sea, such as seamen, ships, shipping, navigation, and the like.

Maritime lien
A secured claim against a ship (and sometimes against cargo or bunkers) in respect of services provided to the vessel or damages done by it. A maritime lien is a substantive right in the property of another, derived from the general maritime law (supra) and rooted in the civil law concept of a "privilège". It arises without notice, registration or other formalities, at the time the services are rendered or the damages are done. Unlike a common law possessory lien (infra), it does not depend for its existence on the possession of the res by the creditor. It travels with the ship, so as to encumber the title of subsequent owners or possessors and survives the conventional sale of the vessel. It remains inchoate from the moment it attaches, until it is enforced by an action in rem, when it relates back to the time it first attached. In the U.K. and British Commonwealth countries, it ranks after special legislative rights (infra), the costs of arrest and sale and custodia legis expenses (supra) and before ship mortgages (infra) and statutory rights in rem (infra).

Maritime loan
A contract or agreement by which one, who is the lender, lends to another, who is the borrower, a certain sum of money, upon condition that if the thing upon which the loan has been made, should be lost by any peril of the sea, or vis major, the lender shall not be repaid, unless what remains shall be equal to the sum borrowed; and if the thing arrive in safety, or in case it shall not have been injured, but by its own defects or the fault of the master or mariners, the borrower shall be bound to return the sum borrowed, together with a certain sum agreed upon as the price of the hazard incurred.

Maritime london
An organization promoting London as the world's premier maritime centre. Its website features news, information and links to various maritime organizations in the United Kingdom.

Maritime profit

Mark
This term has several acceptations: 1) It is a sign traced on paper or parchment, which stands in the place of a signature, usually made by persons who cannot write. 2) It is the sign, writing or ticket put upon manufactured goods to distinguish them from others.3) Mark or marc, denotes a weight used in several parts of Europe, and for several commodities, especially gold and silver. When gold and silver are sold by the mark, it is divided into twenty-four carats. 4) Mark is also in England a money of accounts, and in some other countries a coin.

Mark up
The difference between what the agency or broker pays the writer and the amount the agency bills the client for the writer's work. Usually calculated as a certain percentage of the writer's billing rate or fee. The markup covers all of the agency's costs and profits.

Market
A public place appointed by public authority, where all sorts of things necessary for the subsistence, or for the conveniences of life, are sold.

Market overt
English law. Market overt is an open or public market; that is, a place appointed by law or custom for the sale of goods and chattels at stated times in public.

Marketable title
A title not subject to reasonable doubt or suspicion of invalidity in the mind of a reasonable and intelligent person: one which a prudent person guided by competent legal advice would be willing to accept and purchase at market value.

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This dictionary contains 8526 terms.







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