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conventional law

conventional law. A rule or system of rules agreed on by persons for the regulation of their conduct toward one another; law constituted by agreement as having the force of special law between the parties, by either supple-menting or replacing the general law of the land. • The most important example is conventional international law,

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economy

economy. 1. The management or administration of the wealth and resources of a community (such as a city, state, or country). 2. The sociopolitical organization of a community’s wealth and resources. 3. Restrained, thrifty, or sparing use of resources; efficiency. balanced economy. An economy in which the monetary values of imports and exports are equal.

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lord advocate

Lord Advocate. Scots law. An important political functionary in Scottish affairs who acts as the principal Crown counsel in civil cases, the chief public prosecutor of crimes, and legal adviser to the Scottish government on matters of Scots law. — Formerly also termed King’s advocate. Cf. ADVOCATE GENERAL.

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export

export, n. 1. A product or service created in one country and transported to another. domestic export. A product originally grown or manufactured in the United States, as distinguished from a product originally imported into the United States and then exported. 2. The process of transporting products or services to another country. Cf. IMPORT(1), (2).

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de falso moneta

de falso moneta (dee fal-soh orfawl-soh mah-nee-t[schwa]), n. [Law Latin “of false money”] Hist. The statute of Edward I providing that persons importing certain coins (called “pollards” and “crokards”) would forfeit both their goods and their lives.

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fealty

fealty (feel-tee orfee-[schwa]l-tee). Hist. In feudal law, the allegiance that a tenant or vassal owes to a lord. — Also termed feodality. “There was the possibility that if the entire top layer of the structure revolted, the king might be deprived of all support. To meet this possibility, the king also bound directly to himself

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