law day. 1. Archaic. The yearly or twice-yearly meeting of one of the early common-law courts. 2. Archaic. The day appointed for a debtor to discharge a mortgage or else forfeit the property to the lender. [Cases: Mortgages 301, 322, 335. C.J.S. Mortgages §§ 506–511, 515, 579, 602, 604.] 3. (cap.) A day on which […]
publici juris (p[schwa]b-li-sIjoor-is), adj. [Latin] Of public right; of importance to or available to the public (a city holds title to its streets as property publici juris) (words that are in general or common use and that are merely descriptive are publici juris and cannot be appropriated as a trademark).
A tariff rate that members of a customs union, common market, or economic union uniformly apply to imports from nonmember nations. — Abbr. CXT. — Also termed tariff exterior commun (TEC).
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A tax calculated as a percentage of an imported product’s value. Cf. compound duty; specific duty.
delivered ex quay. A mercantile-contract term allocating the rights and duties of the buyer and the seller of goods with respect to delivery, payment, and risk of loss, whereby the seller must (1) clear the goods for export, (2) bear the costs of transportation to the port named by the importing buyer, and (3) place
material information. Securities. Information that would be important to a reasonable investor in making an investment decision. • In the context of an “efficient” market, materiality translates into information that alters the price of a firm’s stock. Securities Exchange Act of 1934 § 10(b), 15 USCA § 78j(b); 17 CFR § 240.10b-5. [Cases: Securities Regulation
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incident, adj. Dependent upon, subordinate to, arising out of, or otherwise connected with (something else, usu. of greater importance) (the utility easement is incident to the ownership of the tract). — incident, n. incident, n. 1. A discrete occurrence or happening (an incident of copyright infringement). 2. A dependent, subordinate, or consequential part (of something
legalism, n. 1. Formalism carried almost to the point of meaninglessness; an inclination to exalt the importance of law or formulated rules in any area of action. “What is legalism? It is the ethical attitude that holds moral conduct to be a matter of rule following, and moral relationships to consist of duties and rights
A high-ranking consul appointed to a strategically important region and often having supervisory powers over other regions or other consuls.
referendum. 1. The process of referring a state legislative act, a state constitutional amendment, or an important public issue to the people for final approval by popular vote. [Cases: Constitutional Law 9; Statutes 341–367. C.J.S. Constitutional Law §§ 7, 11–12, 14; Statutes§§ 108–113, 115–126, 128–138, 140–144.] 2. A vote taken by this method. 3. Int’l