Probably a corruption of Laganum maris, lagan being a right, in the middle ages, like jetsam and flotsam, by which goods thrown from a vessel in distress became the property of the king or the lord on whose shores they were stranded. Spelman; Jacob; Du Cange.
Definition of Algarum Maris
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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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Black's Law Dictionary: 2nd Edition