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OMNIUM Definition & Legal Meaning

Definition & Citations:

In mercantile law. A term used to express the aggregate value of the different stock in which a loan is usually funded. Tomlins. Omnium contributione sarciatur qnod pro omnibus datum est. 4 Bing. 121. That which is given for all is recompensed by OMNIUM RERUM 853 ONEROUS the contribution of all. A principle of the law of general average. Omnium reruin quarum usus est, potest esse abusus, virtute solo excepta. There may be an abuse of everything of which there is a use, virtue only excepted. Dav. Ir. K. B. 79.


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