Pilot Balloon - Law Dictionary Search Results
Home Dictionary Name: pilot balloonPilot balloon
A small unmanned balloon sent up to indicate the direction of air currents...
Pilot
Pilot, a person taken on board at any particular place for the purpose of conducting a ship through a river, road, or channel, or from or into a port, defined in s. 742 of the (English) Merchant Shipping Act, 1894, as meaning 'any person not belonging to a ship who has the conduct thereof.' Pilots are established in various parts of the country, by ancient charters of incorporation or by particular statutes. The most important of these in-corporations are those of the Trinity House, Deptford Stroned; the fellowship of the Pilots of Dover, Deal, and the Isle of Thanet, commonly called the Cinque Port Pilots; and the Trinity Houses of Hull and New castle. For the general law on the subject of pilots and pilotage, see the Pilotage Acts, 1913 (2 & 3 Geo. 5, c. 31) and amending Acts and the Pilotage Authorities (Limitation of Liability) Act, 1936 (26 Geo. 5 & 1 Edw. 8, c. 36). Consult Digby and Cole on Pilots.Compulsory Pilots.--By the Act of 1913, s. 15 (reversing the Common Law rule), own...
balloon
balloon : being or having a final installment that is much larger than preceding ones in an installment or term loan [a payment] NOTE: In contrast to an amortized loan, a balloon loan is generally repaid in periodic payments of interest and a large, lump sum payment of principal at the end of the term. ...
balloon payment
balloon payment the final lump sum payment due at the end of a balloon mortgage. Source: U.S. Department of Housing and Urban Development ...
Ballooning
The art or practice of managing balloons or voyaging in them the sport of riding in balloons...
Compulsory Pilot
Compulsory Pilot. See PILOT....
balloon loan or mortgage
balloon loan or mortgage a mortgage that typically offers low rates for an initial period of time (usually 5, 7, or 10) years; after that time period elapses, the balance is due or is refinanced by the borrower. Source: U.S. Department of Housing and Urban Development ...
balloon mortgage
balloon mortgage see mortgage ...
Ballooned
Swelled out like a balloon...
Ballooner
One who goes up in a balloon an aeumlronaut...
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