An award is the judgment of a good man according to equity and good-, ness.
Definition of Arbitrium Est Judicium Boni Viri Secundum Aequum Et Bonum
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Definitions from Black's Law Dictionary: 2nd Edition and Ballentine's Law Dictionary as are available for each term in each dictionary.
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Ballentine's Law Dictionary -
Black's Law Dictionary: 2nd EditionAn award is the judgment of a good man, according to justice. 3 Bulst 64.