Juridical Dictionary

This dictionary contains:
8526
juridical terms

Neutral property






Neutral property

Insurance. The words "neutral property " in a policy of insurance, have the effect of warranting that the property insured is neutral; that is, that it belongs to the citizens or subjects of a state in amity with the belligerent powers.

RELATED TERMS
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Insurance
Contracts. It is defined to be a contract of indemnity from loss or damage arising upon an uncertain event.

Property
Property is commonly thought of as a thing which belongs to someone and over which a person has total control. But, legally, it is more properly defined as a collection of legal rights over a thing. These rights are usually total and fully enforceable by the state or the owner against others. It has been said that "property and law were born and die together. Before laws were made there was no property. Take away laws and property ceases." before laws were written and enforced, property had no relevance. Possession was all that mattered. There are many classifications of property, the most common being between real property or immoveable property (real estate such as land or buildings) and "chattel", or "moveable" (things which are not attached to the land such as a bicycle, a car or a hammer) and between public (property belonging to everybody or to the state) and private property.

Effect
The operation of a law, of an agreement, or an act, is called its effect.

Insured
Contracts. The person who procures an insurance on his property.

State
1) Government. In its most enlarged sense, it signifies a self-sufficient body of persons united together in one community for the defence of their rights, and to do right and justice to foreigners. In this sense, the state means the whole people united into one body politic; and the state, and the people of the state, are equivalent expressions. 2) Condition of persons. This word has various acceptations. If we inquire into its origin, it will be found to come from the Latin status, which is derived from the verb stare, sto, whence has been made statio, which signifies the place where a person is located, stat, to fulfil the obligations which are imposed upon him.



SIMILAR TERMS
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Neutrality
International law. The state of a nation which takes no part between two or more other. nations at war with each other.



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Nemo judex in causa sua
"No one may be judge in his own case", referring to the principle of natural justice that an adjudicator should be disinterested and unbiased. Canada).

Nemo judex in parte sua
Latin and a fundamental principle of natural justice which states that no person can judge a case in which he or she is party. May also be called nemo judex in sua causa or nemo debet esse judex in propria causa.

Nephew
Domestiv relation. The son of a person's brother or sister.

Nepos
A grandson. This term is used in making genealogical tables.

Net days
In a billing cycle, the maximum period of time after the writer submits the invoice in which the client or agency must pay the full amount due. For example, "Net 30" means the invoiced amount must be paid within 30 days of submission.

Neutral property

Neutrality
International law. The state of a nation which takes no part between two or more other. nations at war with each other.

New
Something not known before.

New and useful invention
This phrase is used in tlie act of congress relating to granting patents for inventions.

New for old
A term used in the law of insurance in cases of adjustment of a loss, when it has been but partial. In making such adjustment the rule is to apply the old materials towards the payment of the new, by deducting the value of them from the gross amount of the expenses for repairs, and to allow the deduction of one-third new for old upon the balance.

New hampshire
The name of one of the original states of the United States of America. During its provincial state, New Hampshire was governed, down to the period of the Revolution, by the authority of royal commissions. Its general assembly enacted the laws necessary for its welfare, in the manner provided for by the commission under which they then acted.

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This dictionary contains 8526 terms.