Reciprocal Dealing - Law Dictionary Search Results

Home Dictionary Name: reciprocal dealing

reciprocal dealing

reciprocal dealing : an arrangement violative of antitrust laws in which a party with greater economic power agrees to buy a product from a seller if the seller buys something in return ...

Mutual dealing, Mutual Credit or mutual dealings under s. 46, Provincial Insolvency Act, means reciprocal demands which must be naturally terminated in a debt. In a case where there are reciprocal demands available by one party against the other in the same capacity, it is a clear case of mutual dealings, in which a set-off is a matter of course, H. Naik v. Panchanan Das, ILR 1952 Cut 307; see also Aiyar's Judicial Dictionary, 11th Edn., 1992, p. 782....

reciprocal exchange

reciprocal exchange : an unincorporated association in which members (as individuals, partnerships, trustees, or corporations) exchange contracts and pay premiums through an attorney-in-fact for the insurance of each other [liability of each member of the reciprocal exchange was limited to ten times the annual premium] called also interinsurance exchange reciprocal insurance exchange reciprocal interinsurance exchange ...

reciprocal

reciprocal 1 a : mutual b : bilateral [a contract] 2 : characterized by correspondence or equivalence esp. in return or response with another of the same category [was prevented from obtaining discovery of the names of the State's alibi rebuttal witnesses "Mauricio v. State, 652 N.E.2d 869 (1995)"] ;also : marked by such correspondence or equivalence between its own components [a arrangement] 3 : marked by reciprocity between states re·cip·ro·cal·ly adv ...

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Reciprocal Dealing - Law Dictionary Search Results