remnants and surpluses

remnants and surpluses
A technical expression used in the registry of the admiralty and applied to the residue which remains after the satisfaction of claims for seamen's wages, for bottomry bonds, for salvage services, and for supplies of materialmen, where a ship has been sold to satisfy such claims. China Mut. Ins. Co. v Force, 142 NY 90; 36 NE 874.

Ballentine's law dictionary. . 1998.

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