Admiralty Court

Dictionary Says

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.
Investopedia Says

Investopedia explains '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.

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. Barratry

    An illegal act ...
  2. Maritime Law

    A body of laws, ...
  3. Admiralty Proceeding

    Any matter that ...
  4. Admiralty Liability

    A risk, event or ...
  5. Injunction

    A court order ...
  6. The Jones Act

    Legislation that ...
  7. Appeal Bond

    An amount of ...
  8. Expansion

    The phase of the ...
  9. Demographic Dividend

    The freeing up ...
  10. Export

    A function of ...

Articles Of Interest

  1. What Is International Trade?

    Everyone's talking about globalization, so we explain what is it and why some oppose it.
  2. Globalization: Progress Or Profiteering?

    Proponents of globalization argue that it helps the economies of developing nations and makes goods cheaper, while critics say that globalization reduces domestic jobs and exploits ...
  3. A Primer On Reserve Currencies

    For nearly a century, the U.S. dollar has served as the world's premier reserve currency, but the future is uncertain.
  4. Derivatives 101

    Learn how to use this type of investment as an alternative way to participate in the market.
  5. Okun's Law: Economic Growth And Unemployment

    Learn about Okun's Law, why it is important and how it stood the test of time since first being published.
  6. How Debt Limits A Country's Options

    While debt is fundamentally necessary to the operation of a national government, it can also be limiting and dangerous.
  7. The Link Between The Fed, Money, Debt And Taxes

    Assets on the Fed's balance sheet, money supply level, national debt level and economic production should be maintained in equilibrium.
  8. Employability, The Labor Force And The Economy

    Individuals do not have absolute control of their employability since employability is also affected by market and economic conditions.
  9. A Primer On Inflation

    Inflation has a negative connotation, but is it all bad or does it offer some tangible benefits?
  10. How Interest Rates Affect The Stock Market

    Whether you're buying lunch, a home or a stock, you're influenced by interest rates.

comments powered by Disqus
Recommended
Loading, please wait...
Trading Center