Bounty - Definition - Law Dictionary Home Dictionary Definition bounty

Definition :

Bounty, (1) a premium paid by Government to the producers, exporters, or importers of certain Articles, or to those who employ ships in certain trades, with a view of encouraging the establishment of some new branch of industry, or of fostering and extending a trade that is believed to be of paramount importance. See Smith's Wealth of Nations, Bk. iv. c. v. Bounties have been entirely abolished in England, and the Sugar Convention Act, 1903 (3 Edw. 7, c. 21), which authorized restrictions upon the importation of bounty-fed sugar into the United Kingdom, has been repealed.

(2) Queen Anne's Bounty: see BOUNTY OF QUEEN ANNE.

(3) Money paid to officers and crew of a king's ship which had successfully engaged pirates, slave traders, etc.

(4) King's Bounty: the grant made by the Crown on the birth of three or more infants in wedlock at one confinement.

Means a premium or benefit offered or given especially by a Government, to induce someone to take action or perform service e.g. a bounty for the killing of dangerous animal, A gift, especially, in a will, generosity in giving e.g. the court will distribute the testator's bounty equality, Black Law Dictionary, 7th Edn., p. 180.