Surplus, Surplusage
Legal definition for Indian law research
Definition
Surplus, surplusage, a supernumerary part, an overplus, what remains when everything is satisfied.
The word 'surplus' has the technical meaning which arises from the Insurance Act which is made applicable for purposes of valuation by s. 43 of the Life Insurance Corporation Act read with Notification No. GSR 734, dated 23-8-1958. Life Insurance Corporation of India v. S.V. Oak, AIR 1965 SC 975: (1965) 1 SCR 403.
The remainder of a thing; the residue or excess, Black's Law Dictionary, 7th Edn., p. 1456
The word 'surplus' has the technical meaning which arises from the Insurance Act which is made applicable for purposes of valuation by s. 43 of the Life Insurance Corporation Act read with Notification No. GSR 734, dated 23-8-1958. Life Insurance Corporation of India v. S.V. Oak, AIR 1965 SC 975: (1965) 1 SCR 403.
The remainder of a thing; the residue or excess, Black's Law Dictionary, 7th Edn., p. 1456
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.