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boulevard rule.The principle that the driver of a vehicle approaching a highway from a smaller road must stop and yield the right-of-way to all highway traffic. [Cases: Automobiles  171(5).][Blacks Law 8th]

bought note.See NOTE(1).[Blacks Law 8th]

bought and sold notes.Two memoranda prepared by a broker to record the sale of a note. • The broker sends the bought note to the purchaser, and sends the sold note to the seller.[Blacks Law 8th]

bottomry bond.See BOND(2). [Blacks Law 8th]

bottomry.Maritime law. A contract by which a shipowner pledges the ship as security for a loan to finance a voyage (as to equip or repair the ship), the lender losing the money if the ship is lost during the voyage. • The term refers to the idea that the shipowner pledges the ship’s bottom, or…

bottomland. Low-lying land, often located in a river’s floodplain.[Blacks Law 8th]

bottom-hole agreement.Oil & gas. A support agreement in which the contributing party agrees to make a cash contribution to the drilling party in exchange for geological or drilling information if the well is drilled to the agreed depth. See SUPPORT AGREEMENT. [Cases: Mines and Minerals  79.2. C.J.S. Mines and Minerals § 296.][Blacks Law 8th]

bottomage bond.See bottomry bond under BOND(2).[Blacks Law 8th]

botiler of the king.Hist. An officer who provided the king’s wines. • By virtue of office, the botiler could choose two casks from every wine-laden ship. The modern word butler is derived from botiler.[Blacks Law 8th]

bothagium (bah-thay-jee-<<schwa>>m).Hist. Customary dues paid to a lord for placing a booth in a fair or market. — Also termed bord-halfpenny; boothage.[Blacks Law 8th]