Law Dictionary Definitions

PRO.abbr.PEER-REVIEW ORGANIZATION. pro (proh). [Latin] For. [Blacks Law 8th]

PRM.abbr.BUREAU OF POPULATION, REFUGEES, AND MIGRATION. [Blacks Law 8th]

prize money. 1. A dividend from the proceeds of a captured vessel, paid to the captors. 2. Money offered as an award. [Blacks Law 8th]

prize law. The system of laws applicable to the capture of prize at sea, dealing with such matters as the rights of captors and the distribution of the proceeds. [Cases: War and National Emergency 28. C.J.S. War and National Defense §§ 29–32, 34–45.] [Blacks Law 8th]

prize goods. See GOODS. [Blacks Law 8th]

banking game.A gambling arrangement in which the house (i.e., the bank) accepts bets from all players and then pays out winning bets and takes other bettors’ losses. [Cases: Gaming  68(.5).][Blacks Law 8th]

Banking Act of 1933.See GLASS-STEAGALL ACT. BANKING DAY banking day. 1. Banking hours on a day when a bank is open to the public for carrying on substantially all its banking functions. • Typically, if the bookkeeping and loan departments are closed by a certain hour, the remainder of that day is not part of…

banking. The business carried on by or with a bank.[Blacks Law 8th]

bank holding company.A company that owns or controls one or more banks. • Ownership or control of 25 percent is usu. enough for this purpose. — Abbr. BHC. [Cases: Banks and Banking  521–528. C.J.S. Banks and Banking §§ 524, 661, 718–731, 746–747.][Blacks Law 8th]

bank fraud.See FRAUD.[Blacks Law 8th]