DROP 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]

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DROP-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]

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DROP 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]

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DROP-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]

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DROP-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]

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DROP

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]

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DROOP 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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