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PREMARITAL ASSET
premarital asset. See ASSET. [Blacks Law 8th]
Read MoreDROPSY TESTIMONY
dropsy testimony.See TESTIMONY. [Blacks Law 8th]
Read MoreDROP SHIPPER
drop shipper.A wholesaler who arranges to have goods shipped directly from a manufacturer to a consumer. See DROP-SHIPMENT DELIVERY. [Blacks Law 8th]
Read MoreDROP-SHIPMENT DELIVERY
drop-shipment delivery.A manufacturer’s shipment of goods directly to the consumer rather than initially to a wholesaler. • If the wholesaler takes the order, it may receive part of the profit from the sale. [Blacks Law 8th]
Read MorePREMARITAL AGREEMENT
premarital agreement. See PRENUPTIAL AGREEMENT. [Blacks Law 8th]
Read MoreDROP LETTER
drop letter.A letter addressed to someone in the delivery area of the post office where the letter was posted. [Cases: Postal Service 23.C.J.S. Postal Service and Offenses Against Postal Laws § 22.] [Blacks Law 8th]
Read MoreDROP-DOWN CLAUSE
drop-down clause.Insurance. An insurance-policy provision requiring an excess insurer to provide coverage to the insured even though the underlying coverage has not been exhausted, usu. because the underlying insurers are insolvent. [Cases: Insurance 2396.] [Blacks Law 8th]
Read MoreDROP-DEAD DATE
drop-dead date.The date by which performance is required as a condition. Cf. TIME-IS-OF-THE-ESSENCE CLAUSE.[Blacks Law 8th]
Read MoreDROP
drop.English law. A rule nisi that is not adopted because the members of a court are equally divided on the issue. • The rule is dropped rather than discharged or made absolute. [Blacks Law 8th]
Read MoreDROOP QUOTA
Droop quota.In some proportional-representation elections, the minimum number of votes needed to win a legislative seat. • The quota is determined by a formula based on the reciprocal of the number of representatives plus one — or 1/(n + 1), where “n” is the number of representatives being elected. The term is named for the…
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