The federal act through which maritime workers are provided workers compensation coverage (which ordinarily responds to the mandates of particular states).
Tag: RAW
Jouissance Security
A security issued by a joint stock company that does not give the holder the status of a shareholder but entitles him to a share in the profits of the Company or in the proceeds of a winding up, etc.
Journal for Indian Shipping
A Journal being published monthly. It contains articles of interest to ship-owners and essential statistics relating to ships and shipping.
Journal Insurance Times
The only monthly journal of Insurance published in India from Calcutta.
Judgment
1. Knowledge sufficient to understand the nature of a transaction. 2. Official and authentic decision of a court of justice on the respective rights of the parties to an action submitted to it for determination.
Judgment or Decree
The conclusion of the law, delivered by a court of justice or other competent tribunal. Also means an adjudication for the payment of money.
Judgment Rates
Rates established by the judgment of the underwriter without application of a formal set of rules or schedule.
Judgment rating
Rate-making method for which each exposure is individually evaluated, and the rate is determined largely by the underwriter’s judgment.
Judicial
Pertaining to the action in a court of law.
Judicial Bond
A bond required in civil and criminal court actions.
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A surety bond required in court proceedings.
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US: Type of surety bond used for court proceedings and guaranteeing that the party bonded will fulfill certain obligations specified by law, for example, fiduciary responsibilities.