ALLISION

allision  (<<schwa>>-lizh-<<schwa>>n),  n.  Maritime  law.  The  contact  of  a  vessel  with  a stationary  object  such  as  an  anchored  vessel  or  a  pier.  •  In  modern  practice,  “collision”  is often used where “allision” was once the preferred term. Cf. COLLISION. [Cases: Shipping    81. C.J.S. Shipping §§ 184–187.] — allide (<<schwa>>-lId), vb. [Blacks Law 8th]

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ALLIANCE

alliance.  1.  A  bond  or  union  between  persons,  families,  states,  or  other  parties.  Cf. STRATEGIC ALLIANCE. 2.Int’l law.A union or association of two or more states or nations, usu. formed  by  league  or  treaty,  esp.  for  jointly  waging  war  or  mutually  protecting  against  and repelling  hostile  attacks.  •  An  example  its  the  North  Atlantic  Treaty …

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ALL-HOLDERS RULE

all-holders  rule.Securities.1.  An  SEC  rule  that  prohibits  a  public  offering  by  the  issuer  of shares to some, but not all, of the holders of a class of shares. 2. An SEC rule requiring a tender offeror  to  make  its  offer  to  all  the  target  company’s  shareholders.  [Cases:  Securities  Regulation 52.30–52.50. C.J.S. Securities Regulation §§ 121–122,…

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ALLEVIARE

alleviare (<<schwa>>-lee-vee-air-ee), vb.[Law Latin] To levy or pay a fine or composition. [Blacks Law 8th]

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ALL-EVENTS TEST

all-events test.Tax. A requirement that all events fixing an accrual-method taxpayer’s right to receive income or incur expense must occur before the taxpayer can report an item of income or expense. [Cases: Internal Revenue    3373.] [Blacks Law 8th]

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