SISTER CAPTIVE
An extension of the pure captive by an insurer or reinsurer that writes insurance to cover companies that form an
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
An extension of the pure captive by an insurer or reinsurer that writes insurance to cover companies that form an
A market exchange currently taking place. Refer to market, price, and rate.
The assumption of liability by a bank that receives a fee for guaranteeing payment to investors in the event a firm doesn
A prediction of future cash flows and directional and curve risks of over the counter or exchange traded options. Refer to rolling hedge.
A short term buying and selling strategy. It takes advantage of the overreactions. Refer to position trading.
A false or fictitious defense, interposed in bad faith, and manifestly untrue, insufficient, or irrelevant on its face.
In practice. A writ allowed a plaintiff in replevin, where thedefendant has obtained judgment for return of the goods, by default on nonsuit, inorder to have the same distress again delivered to
In English practice. In the action of ejectment, it was formerly customary, in case there were any doubt as to thelegal estate being in the plaintiff, to insert in the declaration several
A declaration in ejectment might containeither one demise or several. When it contained only one, it was called a “declarationwith a single demise.”
The measure of diligence and skill exercised by a good business manin his particular specialty, which must be commensurate with the duty to be performedand the individual circumstances of the case; not
A supplementary distress for rent in arrear, allowed by law in some cases, where thegoods seized under the first distress are not of sufficient value to satisfy the claim.
A law prescribing the manner of the distribution of the estateof an intestate among his heirs or relatives. Such statutes exist in all the states.
One paid in scrip, or in certificates of the ownership of a corresponding amount of capital stock of thecompanv thereafter to be issued. Bailey v. Railroad Co., 22 Wall. 604, 22 L.
means the amount owned by the company over and above its capital and actual liabilities. People v. Cotn’rs of Taxes, 70 N. Y. 74.
One which is appurtenant to the primary or actual easement; every easement includes such “secondary easements,” that is. the right to do such things as are necessary for the full enjoyment of
An election for a particular emergency; out of the regularcourse; as one held to fill a vacancy arising by death of the incumbent of the office.Electiones fiant rite et libere sine in-
Span. Seven parts. See LAS PARTIDAS.
In English law. One of the privy council; also an usher, who sees good rule and silence kept in court. Wharton.
In ecclesiastical law. When a rector of a parish neither resides nor perforins duty at his benefice, but has a vicar under him endowed and charged with the cure thereof, this is
In English law. A liquor license, containing a condition that the premises in respect of which the license is granted shall be closed during the whole of Sunday, granted under section 49