Category: W

In the English law of descent. A term applied to males,expressive of the preference given to them over females. See 2 Bl. Comm. 234- 240.

Judgment of a customer on satisfaction derived by purchasing an item.

Measure of the value received, derived satisfaction of a tangible or intangible product.

A curtilage or country farm.

Extreme credit loss shown with multiple point standard deviation. Capital is set aside for this event. Refer to expected credit loss and unexpected credit loss.

Payoff that is equal to the minimum payoff of 2 options. See best of 2 option.

Exempt from the forfeiture of shipwrecked goods and vessels to theking. Cowell.

Worst outcome of many possibilities.

At common law. Such goods as after a shipwreck are cast upon the land bythe sea, aud, as lying within the territory of some county, do not belong to theJurisdiction of the admiralty, but to the common law. 2 Inst. 107; 1 Bl. Comm. 200.Goods cast ashore from a wrecked vessel, where no living creature has escapedfrom the wreck alive; and which are forfeited to the crown, or to persons having thefranchise of wreck. Cowell.In American law. Goods cast ashore by the sea, and not claimed by the ownerwithin a year, or other specified period; and which, in such case, become the propertyof the state. 2 Kent, Comm. 322.In maritime law. A ship becomes a wreck when, in consequence of injuries received,she is rendered absolutely unnaviga- ble, or unable to pursue her voyage, withoutrepairs exceeding the half of her value. Wood v. Insurance Co., 6 Mass. 479, 4 Am.Dec. 103; Collard v. Eddy, 17 Mo. 355; Baker v. Iloag, 7 N. Y. 558, 59 Am. Dec. 431;Beele v. Insurance Co.. 19 Fed. Cas. 104; Lacaze v. State, 1 Add. (ra.) 99.

The act of offering honor and adoration to the Divine Being. Religiousexercises participated in by a number of persons assembled for that purpose, thedisturbance of which is a statutory offense in many states. See Hamslier v. Hamsher,132 111. 273, 22 N. E. 1123, 8 L. R. A. 556; State v. District Board, 76 Wis. 177, 44 N.W. 967, 7 L. R. A. 330, 20 Am. St. Rep. 41; State v. Buswell, 40 Neb. 158, 58 N. W.728, 24 L. R. A. 68.In English law. A title of honor or dignity used in addresses to certain magistratesand other persons of rank or office.