In English law. A space of land near a royal forest, which, being severed from it, was made purlieu; that is, pure or free from the forest laws. -Purlieu-men. Those who have ground within the purlieu to the yearly value of 40s. a year freehold are licensed to hunt in their own purlieus. Manw. c. 20,
To steal; to commit larceny or theft. McCann v. U. S., 2 Wyo. 298.
A share; a part in a division ; that part of an estate, formerly held in common, which is by partition allotted to any one of the parties. The word was an- ciently applied to the shares falling separately to coparceners upon a division or partition of the estate, and was generaUy spelled “pur- PURPORT 963
In Scotch law. A debt due now and unconditionally is so called. It is thus distinguished from a future debt,
An endowment policy that is paid when the person in the endowment is still alive. An endowment policy runs for a set number of years than matures and is paid out to the person nominated.
A trust that is irrevocable. The assets of the trust are acquired by a certificate exchange of beneficial interest instead of assets. This is different from gifting.
A ratio of losses of the re-insurer against the premiums that have been paid.
The domination of one company that supplies the majority of a product to the public. This company will distribute all of one product as it has out priced the competition and is the dominant player in the market.
a plea that brings new material for the defence.
The amount an insurer needs to cover their expenses. Along with premium loading it is used to calculate fair premium. Refer to expense loading.