Search Results for: SUPPLIES

supplies

supplies, n. 1. Means of provision or relief; stores available for distribution. 2. In parliamentary proceedings, the annual grant voted on by the House of Commons for maintaining the Crown and various public services.

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market share

market share. The percentage of the market for a product that a firm supplies, usu. calculated by dividing the firm’s output by the total market output. • In antitrust law, market share is used to measure a firm’s market power, and if the share is high enough — generally 70% or more — then the

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farm products

farm products. Crops, livestock, and supplies used or produced in farming or products of crops or livestock in their unmanufactured states, if they are in the possession of a debtor engaged in farming. UCC § 9-102(a)(34). Cf. growing crops under CROPS. [Cases: Secured Transactions 17. C.J.S. Secured Transactions § 16.]

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ship mortgage act

Ship Mortgage Act. A federal law regulating mortgages on ships registered as U.S. vessels by, among other things, providing for enforcement of maritime liens in favor of those who furnish supplies or maintenance to the vessels. 46 USCA §§ 30101, 31301–31343. [Cases: Shipping 32. C.J.S. Shipping §§ 63–67.]

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ejercitoria

ejercitoria (ay-hair-see-tor-ee-[schwa]), n. [Spanish] Spanish law. An action lying against a ship’s owner upon the contracts or obligations made by the master for repairs or supplies. • This action corresponds to the actio exercitoria of Roman law. See actio exercitoria under ACTIO.

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proviso

proviso (pr[schwa]-vI-zoh). 1. A limitation, condition, or stipulation upon whose compliance a legal or formal document’s validity or application may depend. 2. In drafting, a provision that begins with the words provided that and supplies a condition, exception, or addition.

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