- plank in a shipwreck
- A graphic expression used to characterize the saving of a junior equity by acquiring the legal title. 27 Am J2d Eq § 151.
Ballentine's law dictionary. Anderson, W.S.. 1998.
plank in a shipwreck
Look at other dictionaries:
Tabula in naufragio — is a legal Latin phrase, literally interpreted as a plank in a shipwreck .The phrase is used metaphorically to designate the power subsisting in a third (or subsequent) mortgagee, who took the third mortgage without notice of the second mortgage … Wikipedia
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tabula in naufragio — Literally a plank in a shipwreck. A graphic expression applied to the saving of a junior equity by acquiring the legal title. 27 Am J2d Equity § 151 … Ballentine's law dictionary
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