euro (yuur-oh). The official currency of most countries in the European Union. • On January 1, 1999, the euro became the single currency of the participating countries. The present participants are Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, and Spain. Euro notes and coins were issued on January 1, 2002.
haec est finalis concordia (heek est fi-nay-lis k[schwa]n-kor-dee-[ schwa]). [Law Latin] Hist. This is the final agreement. • These words began a fine, a fictitious judicial proceeding formerly in use as a mode of conveying land. See FOOT OF THE FINE; FINE(1).
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surface-damage clause. Oil & gas. A lease provision requiring the lessee to pay the lessor or the surface-interest owner for all or for a specified kind or degree of damage to the surface that results from oil-and-gas operations. — Also termed location-damage clause; damages clause.
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plurinational administrative institution. Int’l law. An entity designed to perform transnational administrative activities when politically oriented international organizations and traditional international agreements are unsuitable. • These institutions usu. arise in fields where transnational arrangements are necessary (such as natural-resource management, transportation, or utilities), and they are often organized as international corporations, national agencies, or private
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dispatch (di-spachalsodis-pach), n. 1. A prompt sending off of something (a dispatch of the letter agreement). 2. A prompt completion of something ( dispatch of a business transaction). 3. Something quickly sent (the dispatch was mailed). 4. Maritime law. The required diligence in discharging cargo ( dispatch is required on all charters). [Cases: Shipping 49(6).C.J.S.
Marks rule. The doctrine that, when the U.S. Supreme Court issues a fractured, plurality opinion, the opinion of the justices concurring in the judgment on the narrowest grounds — that is, the legal standard with which a majority of the Court would agree — is considered the Court’s holding. Marks v. United States, 430 U.S.
An agreement by which a borrower promises to pay to the lender a lump sum (exceeding the amount advanced) upon the death of a person whose property the borrower expects to inherit. • Equity traditionally enforces such bonds only if the terms are just and reasonable. — Also termed post-obit agreement.
discredit, vb. To destroy or impair the credibility of (a witness, a piece of evidence, or a theory); to lessen the degree of trust to be accorded to (a witness or document). [Cases: Witnesses 330. C.J.S. Witnesses § 579.] — discredit, n.
understanding, n. 1. The process of comprehending; the act of a person who understands something. 2. One’s personal interpretation of an event or occurrence. 3. An agreement, esp. of an implied or tacit nature.
A charter for a part of a vessel’s capacity, such as a specified hold or deck or a specified part of the vessel’s carrying capacity. • A space charter is a form of vessel-sharing agreement. Cf. slot charter.