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price-level-adjusted mortgage. See MORTGAGE. [Blacks Law 8th]

abstention.  1.  The  act  of  withholding  or  keeping  back  (something  or  oneself);  esp.,  the withholding of a vote. 2. A federal court’s relinquishment of jurisdiction when necessary to avoid needless conflict with a state’s administra-tion of its own affairs. 3. The legal principle underlying such a relinquishment of jurisdiction. Cf. COMITY; OUR FEDERALISM. [Cases: Federal…

price leadership. A market condition in which an industry leader establishes a price that others in the field adopt as their own. • Price leadership alone does not violate antitrust laws without other evidence of an intent to create a monopoly. [Blacks Law 8th]

abstain,vb.1.  To  voluntarily  refrain  from  doing  something,  such  as  voting  in  a  deliberative assembly.  2.  (Of  a  federal  court)  to  refrain  from  exercising  jurisdiction  over  a  matter.  [Cases: Federal Courts    41–65.] [Blacks Law 8th]

ABS Rules.Maritime law. Industry standards for the construction, maintenance, and operation of seagoing vessels and stationary offshore facilities, as set and enforced by the American Bureau of Shipping. See AMERICAN BUREAU OF SHIPPING . [Blacks Law 8th]

price index. An index of average prices as a percentage of the average prevailing at some other time (such as a base year). See CONSUMER PRICE INDEX ; PRODUCER PRICE INDEX. [Blacks Law 8th]

absque tali causa (abs-kwee tay-lIkaw-z<<schwa>>), adv.[Law Latin] Without such cause. • In  common-law  pleading,  this  was  part  of  the  larger  phrase  de  injuria  sua  propria,  absque  tali causa (“of his own wrong, without such cause”) appearing in a reply that a trespass plaintiff made to counter a defendant’s claim  of excuse.  In an assault case,…

absque  ipsius  regis  speciali  licentia  (abs-kwee  ip-see-<<schwa>>s  ree-jis  spesh-ee-ay-lI li-sen-shee-<<schwa>>). [Law Latin] Hist. Without the special authority of the king himself. • The phrase  was  part  of  a  law  forbidding  Crown  vassals  from  transferring  land  without  a  special warrant. [Blacks Law 8th]

price-fixing. The artificial setting or maintenance of prices at a certain level, contrary to the workings of the free market. • Price-fixing is usu. illegal per se under antitrust law. See FIX(3). [Cases: Monopolies 17(1.7). C.J.S. Monopolies §§ 83–85, 87.] “Price-fixing agreements may or may not be aimed at complete elimination of price competition. The…

absque injuria damnum (ab-skwee in-joor-ee-<<schwa>> dam-n<<schwa>>m). [Law Latin] See DAMNUM SINE INJURIA. — Often shortened to absque injuria. [Blacks Law 8th]