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COMMODITY CREDIT CORPORATION
Commodity Credit Corporation.A federally chartered corporation responsible for extending credit in order to stabilize farm income and prices. • Incorporated in Delaware in 1933 and operated in affiliation with the Reconstruction Finance Corporation, it was transferred to the U.S. Department of Agriculture in 1939 and chartered in 1948 as a federal corporation. 15 USCA §…
Read MoreCOMMODITY-BACKED BOND
commodity-backed bond.See BOND(3). [Blacks Law 8th]
Read MoreCOMMODITY
commodity. 1. An article of trade or commerce. • The term embraces only tangible goods, such as products or merchandise, as distinguished from services. 2. An economic good, esp. a raw material or an agricultural product. [Cases: Commodity Futures Trading Regulation 7.] [Blacks Law 8th]
Read MoreCOMMODATUM
commodatum (kom-<<schwa>>-day-t<<schwa>>m), n. [Latin commodare “to lend”] Roman & civil law. The gratuitous lending of goods to be used by the borrower and then returned undamaged to the lender. • This ar-rangement is for the sole benefit of the borrower. It is one of three types of contracts for permissive use, the other two…
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commodator (kom-<<schwa>>-day-t<<schwa>>r), n. Roman & civil law. A lender or bailor. [Blacks Law 8th]
Read MoreCOMMODATI ACTIO
commodati actio (kom-<<schwa>>-day-tIak-shee-oh). See actio commodati under ACTIO. [Blacks Law 8th]
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commodate (kom-<<schwa>>-dayt), n. See COMMODATUM. [Blacks Law 8th]
Read MoreCOMMODATARY
commodatary (k<<schwa>>-mohd-<<schwa>>-tair-ee). [fr. Latin commodatarius] Roman &civil law. A bailee in a commodatum; borrower. [Blacks Law 8th]
Read MoreCOMMIXTIO
commixtio (k<<schwa>>-miks-tee-oh), n. [Latin “mixture”] Roman law. A mixture of separable (i.e., dry or solid) items belonging to different owners, the resulting mixture being held in common or divided in proportion to the shares contributed. See CONFUSION OF GOODS. Cf.CONFUSIO(1). [Blacks Law 8th]
Read MoreCOMMITTITUR PIECE
committitur piece.Hist. An instrument used to civilly charge a debtor already in prison, esp.by the plaintiff who had brought about the debtor’s imprisonment. • The committitur piece was rendered obsolete by the 1869 Debtors Act, which abolished imprisonment for debt. [Blacks Law 8th]
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