Simple English definitions for legal terms
Read a random definition: artificial day
Term: Omnium
Definition: Omnium is a fancy word that means the total amount or value of all the things in a big group of money or stocks. It's mostly used in business law and in Great Britain.
Omnium is a word used in mercantile law and in Great Britain to describe the total amount or value of items in a combined fund or stock. It refers to the sum of all the items in a particular collection or group.
These examples illustrate how the term omnium is used to describe the total value of a collection of items. In the first example, the omnium refers to the total value of the company's assets. In the second example, the omnium refers to the total value of the estate's properties, stocks, and bonds.