embargo


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Related to embargo: War of 1812

Embargo

A proclamation or order of government, usually issued in time of war or threatened hostilities, prohibiting the departure of ships or goods from some or all ports until further order. Government order prohibiting commercial trade with individuals or businesses of other specified nations. Legal prohibition on commerce.

The temporary or permanent Sequestration of the property of individuals for the purposes of a government, e.g., to obtain vessels for the transport of troops, the owners being reimbursed for this forced service.

embargo

noun authoritative stoppage of trade, ban, bar, control of trade, debarment, denial, detention of ships, disallowance of trade, exclusion from commerce, forbiddance, freeze, governmental order of prohibition, halt, legal restraint, preclusion, prohibition, restraint, restriction, stop, stoppage
Associated concepts: embargo of commerce, embargo of goods, embargo of products
See also: attachment, ban, bar, boycott, check, condemn, debar, enjoin, hindrance, interdict, obstacle, obstruction, prohibit, prohibition, proscribe, proscription, restraint, seclude, veto

EMBARGO, maritime law. A proclamation, or order of state, usually issued in time of war, or threatened hostilities, prohibiting the departure of ships or goods from some, or all the ports of such state, until further order. 2 Wheat. 148.
     2. The detention of ships by an embargo is such an injury to the owner as to entitle him to recover on a policy of insurance against "arrests or detainments." And whether the embargo be legally or illegally laid, the injury to the owner is the same; and the insurer is equally liable for the loss occasioned by it. Marsh. Ins. B. 1, c. 12, s. 5; 1 Kent, Com. 60 1 Bell's Com. 517, 5th ed.
     3. An embargo detaining a vessel at the port of departure, or in the course of the voyage, does not, of itself, work a dissolution of a charter party, or the contract with the seamen. It is only a temporary restraint imposed by authority for legitimate political purposes, which suspends, for a time, the performance of such contracts, and leaves the rights of parties untouched, 1 Bell's Com. 517; 8 T. R. 259; 5 Johns. R. 308; 7 Mass. R. 325, 3 B. & P. 405-434; 4 East, R. 546-566.

References in periodicals archive ?
This linear intervention expression assumes that the effect of the embargo on the asset price series is constant each period (see Box and Tiao, [1975]).
Does the tightening of the embargo create a situation that will make stability, let alone democracy, more difficult to obtain?
In some ways, the embargo has been lethally efficient.
If the United States really wants to prevent our missile export, it should lift the economic embargo as early as possible and make a compensation for the losses to be caused by discontinued missile export," read a statement broadcast by Pyongyang's official mouthpiece, the Korean Broadcast Agency.
The oil ministry says that after the oil embargo, its export policy will be price sensitive and flexible.
arms embargo on Bosnia only six months after the green light decision.
On January 19, 1998, 54 bishops sent a letter to President Bill Clinton asking him to end the embargo which has been in effect since 1990.
Foreign Office sources told PA that any applications for weapons sales in Indonesia would be closely examined after the embargo lapses.
owes it as much as $80 billion to compensate for the 40-year-old trade embargo.
The only people the embargo is hurting are the Cuban citizens, who certainly could use the cheaper food that could come from American farmers, and the American farmers, who could use another market to sell their products.
The Dutch embargo ended 72 hours later, on March 24, but restrictions on the movement of food to Germany remained.
Due to the fact that the Respondents represent and constitute the only self-styled "superpower" sitting as one of the five Permanent Members of the Security Council, the Respondents have repeatedly and abusively used and threatened to use their voting power and their so-called "veto power" to continue the international economic embargo upon Iraq in a manner that is ultra vires the "primary responsibility" for the maintenance of international peace and security that has been conferred upon the Security Council by Article 24(1) and (2) of the United Nations Charter: "2.