Allocable - Law Dictionary Search Results
Home Dictionary Name: allocableAllocation of time
Allocation of time, means to set apart time for a specific purpose; to allocate time for different items of business in Parliament, Webster Law Dictionary, p. 40.In U.K., the House of Commons has, in principle, control of the time of the House, but, in actual practice, this control has been delegated to the Government. Parliamentary Practice by Erskie May, 22nd Edn., 1997, p. 269.In India, the practice is that all items of business to be transacted by the House during the Government time including those to which the Speaker is empowered to allot time himself, are normally placed before the Business Advisory Committee for allocation of time. Practice and Procedure of Parliament, M.N. Kaul and S.L. Shakdher, 5th Edn. 2001, p. 775....
allocable
allocable : capable of being allocated or assigned ...
Allocable surplus
Allocable surplus, means-(a) in relation to an employer, being a company other than a banking company which has not made the arrangements prescribed under the Income-tax Act for the declaration and payment within India of the dividends payable out of its profits in accordance with the provisions of s. 194 of that Act, sixty-seven per cent of the available surplus in an accounting year. (b) In any other case, sixty per cent of such available surplus. [Payment of Bonus Act, 1965 (21 of 1965), s. 2 (4)]...
Allocation
Allocation, an allowance made upon accounts in the Exchequer; also, the act of allotting or appropriating....
Water allocation
Water allocation, in relation to an irrigation system means distribution of water determined from time to time by a farmers' organisation in its area of operation. [Rajasthan Farmers' Participation in Management of Irrigation System Act, 2000, s. 2(v)]...
goodwill
goodwill 1 : an intangible asset that is made up of the favor or prestige which a business has acquired beyond the mere value of what it sells due to the personality or experience of those conducting it, their reputation for skill or dependability, the business's location, or any other circumstance incidental to the business that tends to draw and retain customers 2 a : the value of projected increases in the earnings of a business esp. as part of its purchase price b : the excess of the purchase price of a business above the value assigned for tax purposes to its other net assets NOTE: The Internal Revenue Code requires the purchaser of a business to allocate the purchase price among the various types of assets. Frequently the purchase price is greater than the sum of the values of the individual assets. The excess is labeled goodwill. Because of its indefinite life, goodwill is not amortizable as an asset. The purchaser will therefore usually try to keep the allocation to goodw...
Osrabandi
Osrabandi, means and includes a system of distribu-tion of water allocation to one or more group of water users in proportion of command area of such group/groups indicating duration of such water allocation in a cycle of irrigation. [Rajasthan Farmers' Participation in Management of Irrigation System Act, 2000, s. 2(q)]...
equitable
equitable 1 : having or exhibiting equity : dealing fairly and equally [shall allocate…appropriations in an manner "U.S. Code"] 2 : existing or valid in equity or as a matter of equity as distinguished from law [an defense] compare legal eq·ui·ta·bil·i·ty [e-kwi-tə-bi-lə-tē] n eq·ui·ta·ble·ness n eq·ui·ta·bly adv ...
federalism
federalism often cap : distribution of power in a federation between the central authority and the constituent units (as states) involving esp. the allocation of significant lawmaking powers to those constituent units compare comity, full faith and credit, states' rights ...
reserve
reserve re·served re·serv·ing : to keep back or set apart: as a : to keep (a right, power, or interest) esp. by express declaration [all rights reserved] compare waive b : to defer a determination of (a question of law) [the justices reserved the question because it was not an issue in the case] n 1 : something stored or kept available for future use [an energy company with various unproven oil s] 2 : an act of reserving 3 : money kept in a separate account to meet future liabilities legal reserve : the minimum amount as determined by government standards of the deposits held by a bank or of the assets of a life insurance company required by law to be kept as reserves loss reserve 1 : a reserve allocated by a bank for the purpose of absorbing losses [a loan loss reserve] 2 : an insurance company's reserve representing the discounted value of future payments to be made on losses which may have already occurred policy reserve : an insurance company's reserve r...
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