lay system

lay system. Maritime law. A system in which a fishing vessel’s catch is sold by contract or at auction, and then after costs are paid and the shipowner compensated, the net profits are divided among the crew members according to agreed-on percentages.

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词条贡献者

双语律师Jason，国内知名法学院民商法专业，擅长翻译有关体育博彩领域的法律文件。