Lloyd's

Lloyd’s

Concept of Lloyd’s

Traditional meaning of lloyd’s [1] in the English common law history: An association in the city of London, the members of which underwrite each other’s policies. Lloyd’s bonds: admissions of indebtedness, issued under the seal of a company, with a covenant to pay at some future time. [rtbs name=”history-of-english-law”]

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Notes and References

  1. Based on A concise law dictionary of words, phrases and maxims, “Lloyd’s”, Boston: Little, Brown, and Company, 1911, United States. This term and/or definition may be absolete. It is also called the Stimson’s Law dictionary, based on a glossary of terms, included Lloyd’s.

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