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Barratry |
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Barratry 1. In maritime commerce, an illegal act in which the captain or crew of a ship damages the transaction. Examples include stealing cargo or throwing it overboard. Barratry is a risk associated with the transaction; responsibility for the risk may rest with the buyer or the seller, depending on the terms of the shipping agreement. See also: Incoterm. 2. The act or practice of filing repeated, usually frivolous lawsuits. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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