Search Results for: RULE, THE

nautae caupones stabularii

nautae, caupones, stabularii (naw-tee, kaw-poh-neez, stab-y[schwa]-lair-ee-I). [Latin] Roman law. Carriers by sea, innkeepers, stablers. • The phrase was used in an edict holding shippers, innkeepers, and stablers liable for damages to goods entrusted to them for safekeeping (receptum). Members of this group were also vicariously liable for the torts of their employees and slaves. “The

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churning

churning, n. 1. Securities. A stockbroker’s excessive trading of a customer’s account to earn more commissions rather than to further the customer’s interests; an abuse of a customer’s confidence for personal gain by frequent and numerous transactions, disproportionate to the size and nature of the customer’s account. • Under securities laws, the practice is illegal

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commenter

commenter. One who comments; esp., one who sends comments to an agency about a proposed administrative rule or regulation. See NOTICE-AND-COMMENT PERIOD. [Cases: Administrative Law and Procedure 394. C.J.S. Public Administrative Law and Procedure §§ 104–105.]

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ex officio

ex officio (eks [schwa]-fish-ee-oh), adv. & adj.[Latin] By virtue or because of an office; by virtue of the authority implied by office. • The term is often misused as a synonym for “nonvoting.” Some meetings mistakenly label their regularly invited guests as “ex officio members” when in fact they are not members at all; others

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cogsa

COGSA. 1.abbr. CARRIAGE OF GOODS BY SEA ACT. 2. Maritime law. A country’s enactment of the inter-national convention popularly known as the Hague Rules. • The acronym is used even when the country’s statute has a different title; for example, the Canadian Carriage of Goods by Water Act is referred to as the “Canadian COGSA.”

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