Lead water pipes were still in common use in the early 20th century and remain in many households. Lead-tin alloy solder was commonly used to join copper pipes, but modern practice uses tin-antimony alloy solder to join copper in order to eliminate lead hazards.
DEFINITION of 'Omnibus Account'. An account between two futures merchants (brokers). It involves the transaction of individual accounts which are combined in this type of account, allowing for easier management by the futures merchant.Next Up.t involves the transaction of individual accounts which are combined in this type of account, allowing for easier management by the futures merchant.
An omnibus clause is a clause that provides or includes all residuary not specifically mentioned. A very common omnibus clause deals with automobile liability insurance. The clause provides coverage for the named insured, any member of the insured's household, and to any person using the automobile with the insured's permission, provided the use was within the scope of permission.