Jones Act

Business / Agriculture / Jones Act: The common reference for Section 27 of the Merchant Marine Act of 1920, which requires that all water transportation of goods between U.S. ports be on U.S.- built, owned, crewed, and operated ships. The purpose of the law is to support the U.S. merchant marine industry, but agricultural interests generally oppose it because, they contend, it raises the cost of shipping their goods, making them less competitive with foreign sources.

Other Words for Act

Act Noun Synonyms: deed, action, undertaking, operation, step, move, feat, exploit, accomplishment, achievement
Act Verb Synonyms: behave (oneself), carry on, deport oneself, comport oneself, conduct oneself
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Merchant Marine Act Of 1920

Business / Agriculture / Merchant Marine Act Of 1920: P.L. 66-261, also known as the Jones Act, provides for the promotion and maintenance of a U.S. merchant marine. Provisions dealing with cabotage (i.e., coastal shipping) require that all goods transpo MORE

No Capacity To Contract

Business / Real Estate / No Capacity To Contract: The inability of a person to enter into a valid contract under any circumstances. Such inability can arise when a person has been adjudicated insane or is an officer of a corporation who is not author MORE

Nexus (Of Contracts)

Business / Finance / Nexus (Of Contracts): A set or collection of something. MORE

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