Asset - Law Dictionary Search Results
Home Dictionary Name: asset Page: 10 Page 10 of about 286 results (0.002 seconds)patrimony
patrimony pl: -nies [Middle French patrimonie, from Latin patrimonium, from patr- pater father] 1 : an estate inherited from one's father or ancestor [to deprive her and her coheirs of their "Wells Fargo Bank v. Kincaid, 260 Cal. App. 2d 120 (1968)"] 2 : an estate or endowment belonging to a church [the property of a dissolved parish shall pass to the of the diocese] 3 in the civil law of Louisiana : the net assets of a person : the sum of a person's assets and liabilities [reimbursement shall be made from the of the spouse who owes reimbursement "Louisiana Civil Code"] ...
marshal
marshal 1 : a ministerial officer appointed for each judicial district of the U.S. to execute the process of the courts and perform various duties similar to those of a sheriff 2 : a law officer in some cities (as New York) of the U.S. who is entrusted with particular duties (as serving the process of justice of the peace courts) 3 : the administrative head of the police or esp. fire department in some cities of the U.S. also marshall vt -shaled also: -shalled -shal·ing also: -shal·ling : to fix the order of (assets) with respect to liability or availability for payment of obligations ;also : to fix the order of (as liens or remedies) with respect to priority against a debtor's assets see also marshaling ...
liquidate
liquidate -dat·ed -dat·ing vt 1 : to determine by agreement or litigation the precise amount of ;also : to settle (a debt) by payment or other adjustment 2 a : to determine the liabilities and apportion the assets of esp. in bankruptcy or dissolution [ a corporation] compare bankruptcy b : to convert (as assets) into cash [ an estate] vi : to liquidate something (as a corporation) liq·ui·da·tion [li-kwə-dā-shən] n ...
liquid
liquid 1 a : consisting of cash or capable of ready conversion into cash [ assets] b : capable of covering current liabilities out of current assets esp. in a rapid manner [a insurer] 2 : of or relating to a security or commodity with enough shares or units outstanding to hinder significant price variation from large transactions ...
going concern value
going concern value : the value of the assets of an enterprise or of the enterprise itself considered as an operating business and therefore based on earning power and prospects rather than on the value of the same assets or the same business in the event of liquidation ...
For the purpose of the business
For the purpose of the business, the expression 'for the purpose of the business' is essentially wider than the expression 'for the purpose of earning profits.' It covers not only the running of the business or its administration but also measures for the preservation of the business and protection of its assets and property. It may legitimately comprehend many other acts incidental to the carrying on of the business, CIT v. Birla Cotton SPG & WVG Mills Ltd., (1971) 3 SCC 344: AIR 1972 SC 19 (21). [Income-tax Act, 1922, s. 10(2) (xv)]For the purpose of the business, The expression 'for the purpose of the business' is wider in scope than the expression 'for the purpose of earning profits'. Its range is wide: it may take in not only the day to day running of a business but also the rationaliza-tion of its administration and modernization of its machinery; it may include measure for the preservation of the business and for the protection of its assets and property from expropriation, coer...
Partnership
Partnership, the relation which subsists between persons carrying on a business with a view to profit--so defined by s. 1, sub-s. 1, of the (English) Partnership Act, 1890 (53 & 54 Vict. c. 39), a codifying Act of fifty s.s, 'to declare and amend the law of partnership,' which, in effect, transfers the law of the subject from the region of reported cases to that of the statute; Bovill's Act' (see that title) of 1865 (28 & 29 Vict. c. 86), and a small part of the (English) Mercantile Law Amendment Act of 1856, being the only previous statutory enactments on the subject.Rules, which, however, subject to any agreement express or implied between the partners, are laid down by s. 24 for determining the interest of partners in the partnership property and their rights and duties in relation to the partnership. They provide, amongst other things, for equal shares in profits and equal contributions to losses; for indemnification of every partner by the firm in respect of payments properly made...
Security receipt
Security receipt, means a receipt or other security, issued by a securitisation company or reconstruc-tion company to any qualified institutional buyer pursuant to a scheme, evidencing the purchase or acquisition by the holder thereof, of an undivided right, title or interest in the financial asset involved in securitisation. [Securitisation and Reconstruc-tion of Financial Assets and Enforcements of Security Interest Act, 2002 (54 of 2002), s. 2(1)(zg)]...
divestiture
divestiture 1 : the sale or transfer of title to a property (as an operating division) under court order (as in bankruptcy) 2 : the sale of an asset (as a business division) that is unprofitable, does not enhance a corporate restructuring, or is felt to be morally reprehensible ...
patrimonial
patrimonial : of, relating to, or constituting a patrimony [a asset] ...
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