lay system

lay system
As applied to fishing vessels, exists where the fish caught are sold at auction and from the proceeds is deducted charges for supplies furnished and balance distributed to the master and the crew

Black's law dictionary. . 1990.

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  • lay system — As applied to fishing vessels, exists where the fish caught are sold at auction and from the proceeds is deducted charges for supplies furnished and balance distributed to the master and the crew …   Black's law dictionary

  • lay — I A share of the profits of a fishing or whaling voyage, allotted to the officers and seamen, in the nature of wages. See also lay system II lay, adj Relating to persons or things not clerical or ecclesiastical; a person not in ecclesiastical… …   Black's law dictionary

  • lay — I A share of the profits of a fishing or whaling voyage, allotted to the officers and seamen, in the nature of wages. See also lay system II lay, adj Relating to persons or things not clerical or ecclesiastical; a person not in ecclesiastical… …   Black's law dictionary

  • Lay assessor — Lay assessors are used by the government of the United Kingdom to evaluate the quality of service provided by government agencies to the public and citizens of the United Kingdom. Lay assessor is also used alternatively with lay judges as the… …   Wikipedia

  • lay-by — ► NOUN (pl. lay bys) 1) Brit. an area at the side of a road where vehicles may pull off the road and stop. 2) Austral./NZ & S. African a system of paying a deposit to secure an article for later purchase …   English terms dictionary

  • lay — I verb 1) Curtis laid the newspaper on the table Syn: put, place, set, put down, set down, deposit, rest, situate, locate, position; informal stick, dump, park, plunk 2) the act laid the foundation for the new system …   Thesaurus of popular words

  • System of linear equations — In mathematics, a system of linear equations (or linear system) is a collection of linear equations involving the same set of variables. For example,:egin{alignat}{7}3x ; + ; 2y ; ; z ; = ; 1 2x ; ; 2y ; + ; 4z ; = ; 2 x ; + ; frac{1}{2} y ; ; z …   Wikipedia

  • lay out for sth — UK US lay out (sth) for/on sth Phrasal Verb with lay({{}}/leɪ/ verb [T] (laid, laid) ► INFORMAL to spend money, especially a large amount: »It s not every day you lay out so much for a new computer system. »We had to lay out on a replacement… …   Financial and business terms

  • lay out for/on sth — UK US lay out (sth) for/on sth Phrasal Verb with lay({{}}/leɪ/ verb [T] (laid, laid) ► INFORMAL to spend money, especially a large amount: »It s not every day you lay out so much for a new computer system. »We had to lay out on a replacement… …   Financial and business terms

  • lay out on sth — UK US lay out (sth) for/on sth Phrasal Verb with lay({{}}/leɪ/ verb [T] (laid, laid) ► INFORMAL to spend money, especially a large amount: »It s not every day you lay out so much for a new computer system. »We had to lay out on a replacement… …   Financial and business terms

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