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LSDefine

Simple English definitions for legal terms

vessel

Read a random definition: take by stealth

A quick definition of vessel:

A vessel is a type of boat or ship that is used to travel on water. It can be used to transport people, cargo, or equipment from one place to another. To be considered a vessel, it must be able to navigate on water. There are different types of vessels, such as foreign vessels, Jones Act vessels, public vessels, and seagoing vessels. A seaworthy vessel is one that can withstand the weather and conditions it may encounter while traveling on water. When someone is given ownership of property, it is called vesting.

A more thorough explanation:

Definition: A vessel is a ship, boat, or any other watercraft that is used or capable of being used to navigate on water. To be considered a vessel under the Jones Act, the structure must have the purpose of transporting passengers, cargo, or equipment across navigable waters.

Examples: Examples of vessels include ships, brigs, sloops, and other crafts that are used for transportation on water. A foreign vessel is a vessel owned by residents of or sailing under the flag of a foreign nation. A public vessel is a vessel owned and used by a nation or government for its public service, such as in its navy or revenue service. A seagoing vessel is a vessel that carries passengers for hire and engages in substantial operations beyond the boundary line dividing inland waters from the high seas. A seaworthy vessel is a vessel that can withstand the ordinary stress of wind, waves, and other weather that seagoing vessels might ordinarily encounter.

Explanation: The definition of a vessel is any watercraft that is used or capable of being used for transportation on water. The examples illustrate the different types of vessels that exist, such as foreign vessels, public vessels, seagoing vessels, and seaworthy vessels. These examples help to clarify the different contexts in which the term vessel is used and the different requirements that must be met for a watercraft to be considered a vessel under the law.

Definition: To vest means to confer ownership of property upon a person, invest a person with the full title to property, or give a person an immediate, fixed right of present or future enjoyment. In historical contexts, to vest also meant to put a person into possession of land by the ceremony of investiture.

Examples: An example of vesting is when a company grants stock options to an employee, which vests over a period of time. This means that the employee gains ownership of the stock options gradually, rather than all at once. Another example is when a trust is created, and the assets are vested in the trustee, who manages them for the benefit of the beneficiaries. In historical contexts, vesting referred to the ceremony of investiture, which was a formal way of transferring ownership of land from one person to another.

Explanation: The definition of vesting is the process of conferring ownership or a fixed right of enjoyment upon a person. The examples illustrate how vesting works in different contexts, such as in the granting of stock options or the creation of a trust. These examples help to clarify the different ways in which vesting can be used and the different legal implications of vesting in different situations.

VESA | vestigium

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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