Allocation - Law Dictionary Search Results

goodwill

indefinite life, goodwill is not amortizable as an asset. The purchaser will therefore usually try to keep the allocation to goodwill as small as possible.

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

Oncost

any particular article manufactured or work done as where different kinds of goods are produced but must be allocated so that each kind of goods or work shall bear its proper share

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Earned surplus

and the balance is regarded as 'earned surplus' at the end of the year. This account is specifically allocated for utilisation for the purpose of business year after year. It is an account in which the net

Dividend

(40 of 1982), s. 2(h)] Dividend, is a share of profits, whether at a fixed rate or otherwise, allocated to the holders of shares in a company, Henry v. Great Northern Rly. Co., (1857) 1 De G&J

Court of record

666. In relation to any matter, means the court to which proceedings with respect to the matter are allocated or transferred, Halsbury's Laws of England, Vol. 3(2), para 747, p. 405. Members of the State judiciary below

Cess

s. 2(b)] The term cess in commonly employed the connote a tax with a purpose or a tax allocated to a particular thing it also means an assessment or levy, State of West Bengal v. Kesoram Industries

Budget

of an organisation's estimated revenues and expenses for a specified period, usually a year; a sum of money allocated to a particular purpose or project, Black Law Dictionary, 7th Edn., p. 189. Budget, In U.K. budget proposals

reserve

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

managed economy

A non market economy in which government intervention is important in allocating goods and resources and determining prices

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