Juridical Dictionary

This dictionary contains:
8526
juridical terms

Preferred maritime lien






Preferred maritime lien

A category of maritime lien under the American Commercial Instruments and Maritime Liens Act.

RELATED TERMS
--------------------------------------

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

Lien
Contracts. In its most extensive signification, this term includes every case in which real or personal property is charged with the payment of any debt or duty; every such charge being denominated a lien on the property. In a more limited sense it is defined to be a right of detaining the property of another until some claim be satisfied.

Act
1) Civil law, contracts. A writing which states in a legal form that a thing has been said, done, or agreed. 2) Evidence. The act of one of several conspirators, performed inpursuance of the common design, is evidence against all of them.



SIMILAR TERMS
--------------------------------------

Prefect
French law. A chief officer invested with the superintendence of the administration of the laws in each department.

Preference
The paying or securing to one or more of his creditors, by an insolvent debtor, the whole or a part of their claim, to the exclusion of the rest. By preference is also meant the right which a creditor has acquired over others to be paid first out of the assets of his debtor, as, when a creditor has obtained a judgment against his debtor which binds the latter's land, he has a preference.

Preferred mortgage
A ship mortgage on the whole of a vessel, filed in the U.S. in substantial compliance with the requirements of U.S. Code.

Preferred mortgage lien
A lien on a ship on which a preferred mortgage has been filed. they rank after preferred maritime liens (supra), by virtue of U.S. Code.

Preferred shares
A share in a company that has some kind of special right or privilege attached to it, such as that it is distinguished from the company's common shares. The most common special right is a preference over holders of common shares when dividends are declared. Another, is for the preferred shares to be redeemable at the option of either the holder or the company. Still another might be to disallow voting rights to preferred shareholders. Depending on the local laws in your state, there may be no limit to the qualifications a company can attach to preferred shares. For example, a family company may only allow holders of preferred shares to use a recreational property belonging to the company.



PREVIOUS AND NEXT TERMS
--------------------------------------

Predecessor
One who has preceded another.

Pre-emption
International law. The right of preemption is the right of a nation to detain the merchandise of strangers passing through her territories or seas, in order to afford to her subjects the preference of purchase.

Pre-emption rights
Where a company proposes to issue new shares, existing shareholders may have the right to be offered a pro-rata part of the new shares before they are offered to a new shareholder. These pre-emption rights may be disapplied either generally or in relation to a particular new issue by a provision in the Articles of Association or a special resolution. In relation to sales of existing shares, similar rights require a shareholder wishing to sell shares to offer them first to existing shareholders before being able to transfer to outsiders.

Prefect
French law. A chief officer invested with the superintendence of the administration of the laws in each department.

Preference
The paying or securing to one or more of his creditors, by an insolvent debtor, the whole or a part of their claim, to the exclusion of the rest. By preference is also meant the right which a creditor has acquired over others to be paid first out of the assets of his debtor, as, when a creditor has obtained a judgment against his debtor which binds the latter's land, he has a preference.

Preferred maritime lien

Preferred mortgage
A ship mortgage on the whole of a vessel, filed in the U.S. in substantial compliance with the requirements of U.S. Code.

Preferred mortgage lien
A lien on a ship on which a preferred mortgage has been filed. they rank after preferred maritime liens (supra), by virtue of U.S. Code.

Preferred shares
A share in a company that has some kind of special right or privilege attached to it, such as that it is distinguished from the company's common shares. The most common special right is a preference over holders of common shares when dividends are declared. Another, is for the preferred shares to be redeemable at the option of either the holder or the company. Still another might be to disallow voting rights to preferred shareholders. Depending on the local laws in your state, there may be no limit to the qualifications a company can attach to preferred shares. For example, a family company may only allow holders of preferred shares to use a recreational property belonging to the company.

Pregnancy
med. jurisp. This is defined by medical writer; to be the state of a female who has within her ovary or womb, a fecundated germ which gradually becomes developed in the latter receptaale.

Pregnant
Pleading. A fulness in the pleadings which admits or involves a matter which is favorable to the opposite party. It is either an affirmative pregnant, or negative pregnant.

We thank you for using the Juridical Dictionary to search for Preferred maritime lien. If you have a better definition for Preferred maritime lien than the one presented here, please let us know by making use of the suggest a term option. This definition of Preferred maritime lien may be disputed by other professionals. Our attempt is to provide easy definitions on Preferred maritime lien and any other medical topic for the public at large.
 


This dictionary contains 8526 terms.