Admiralty Court

DEFINITION of 'Admiralty Court'

Any court governed by admiralty law, whether the court is officially titled admiralty court, or is granted official jurisdiction over admiralty cases. Official jurisdiction for admiralty cases in the United States, for example, has been given to federal district courts, whereas England has a separate court system.

BREAKING DOWN 'Admiralty Court'

The principal matters arising in admiralty court concern shipping, boating, insurance matters, collisions at sea, civil matters involving seamen, passengers and cargo, salvage claims, and marine pollution. The most well-known action by an admiralty court is the issuance of a maritime lien against a ship, which allows the court or its appointees to arrest and seize the ship in satisfaction of claims against it. Whether it can be seized in other countries is governed by the admiralty courts of those countries and any treaties that may be in effect therein.

RELATED TERMS
  1. Admiralty Proceeding

    Any matter that comes before an admiralty court that involves ...
  2. Admiralty Liability

    A risk, event or conduct that would run afoul of admiralty (maritime) ...
  3. Tax Court

    A specialized court of law that hears and adjudicates tax-related ...
  4. Bankruptcy Court

    What is bankruptcy court?
  5. Appellate Courts

    The part of the judicial system that is responsible for hearing ...
  6. Maritime Law

    A body of laws, conventions and treaties that governs international ...
Related Articles
  1. Oracle Battles Google for 9.3B in Damages

    Oracle and Google head to court to decide whether or not APIs are covered under fair use in copyright.
  2. Economics

    The Court Cases That Have Shaped US Sales Tax Law: How They Apply Today

    Explore two Supreme Court cases that established legal precedent for the treatment and apportionment of sales taxes at the state level.
  3. Stock Analysis

    Supreme Court Won't Hear Altria's Damages Appeal

    The U.S. Supreme Court declined to hear an appeal by Altria's (NYSE: MO) Philip Morris USA unit over a $25 million penalty it was assessed by a Portland, Oregon, jury in a case involving a smoker's ...
  4. Personal Finance

    The Benefits And Pitfalls Of Joint Tenancy

    This arrangement allows beneficiaries to access your account without having to go to court.
  5. Investing News

    FBI Says It Has Another Way Into Shooter's iPhone (AAPL)

    In a surprising development, the Department of Justice said Monday in a court filing that the FBI may have found another way to bypass security measures on an iPhone used by San Bernardino shooter ...
  6. Personal Finance

    Which Estate Transfer Technique is Right for You?

    This article explains the difference between the two estate transfer methods -- a will and a trust, and the circumstances under which each can be used.
  7. Options & Futures

    So, You Want To Take Your Broker To Court

    Find out how to file a claim with your broker and what you can expect throughout the process.
  8. Credit & Loans

    Saving On Bankruptcy Costs

    Going bankrupt is awful enough without worrying about ways to pay for it. Here's how to save on lawyers, filing fees and other inevitable costs.
  9. Retirement

    Why You Should Draft A Will

    Don't trust the courts to follow your wishes - plan the distribution of your own assets.
  10. Investing News

    Merrick Garland Accepts Supreme Court Nomination

    In a press conference at the White House's Rose Garden Wednesday morning, President Obama announced his nomination of Merrick Garland, Chief Judge of the U.S. Court of Appeals for the D.C. Circuit, ...
RELATED FAQS
  1. How do I get information about my bankruptcy case?

    Learn about different places to search when seeking information about an individual's bankruptcy. Learn about Public Access ... Read Answer >>
  2. Does bankruptcy information go on the public record?

    Learn about the public record and whether or not bankruptcy documents are included. Explore situations where certain bankruptcy ... Read Answer >>
  3. Can my boss pay off some debts and declare the others in bankruptcy?

  4. Which constitutional amendment made income tax legal?

    The story of income tax is ripe with stops, starts and court battles. Due to British taxation being one of the triggers that ... Read Answer >>
  5. A sales representative or broker-dealer that violates the Uniform Securities Act ...

    The correct answer is a. The sales representative or broker-dealer is required to pay interest, court and attorney’s fees ... Read Answer >>
  6. What should I do with the beneficiary forms my employer gave me for my 401k if I ...

Hot Definitions
  1. Over-The-Counter - OTC

    Over-The-Counter (or OTC) is a security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, ...
  2. Quarter - Q1, Q2, Q3, Q4

    A three-month period on a financial calendar that acts as a basis for the reporting of earnings and the paying of dividends.
  3. Weighted Average Cost Of Capital - WACC

    Weighted average cost of capital (WACC) is a calculation of a firm's cost of capital in which each category of capital is ...
  4. Basis Point (BPS)

    A unit that is equal to 1/100th of 1%, and is used to denote the change in a financial instrument. The basis point is commonly ...
  5. Sharing Economy

    An economic model in which individuals are able to borrow or rent assets owned by someone else.
  6. Unlevered Beta

    A type of metric that compares the risk of an unlevered company to the risk of the market. The unlevered beta is the beta ...
Trading Center