Asset - Law Dictionary Search Results
trust
receive payments of a fixed percentage and not less than five percent of the value of the trust assets as determined annually for a specified period after which the remainder passes to charity charitable trust : a
Abatement
v. Jackson, 1932 AC 365, their debts must abate in proportion according to their degree (see ADMINISTRATION OF ASSETS), and they must be content with a dividend. So in the case of legacies, upon a deficiency of
Administrator
the capacity in which the proposed Administration applies. Means a person appointed by the court to manage the assets and liabilities of an interstate decedent. This term once referred to males only (as opposed to administratrix), but
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Debt
term is now obsolete. See PLEADINGS. The order of the payment of debts and expenses out of legal assets in an ordinary administration action in the Chancery Division of the High Court is as follows:- 1. Funeral
Executor
received. (5) It is the duty of the executor to collect and speedily reduce into money the personal assets, when not otherwise directed, especially if they be of a perishable nature. (6) As an executor cannot sue
Floating charge
1915, s. 27, and may be said to denote a security which is an equitable charge on the assets for the time being of a going concern. It allows of the business being carried on and the
Goods
a notification is to increase resources of the state, conditions stipulated therein cannot be ignored. The words 'capital assets' are very wide. The include all types of properties including consumables, raw materials, components etc. However, capital assets
Plene administravit pr'ter
(he has fully adminis-tered, except). A defence by an executor or admin-istrator that he has fully administered the assets that have come to his hands, except, etc. The plaintiff may go to trial upon this defence, or
Securitisation
Securitisation, means acquisition of financial assets by any securitisation company or reconstruction company from any originator, whether by raising of funds by such securitisation
in-kind
a form other than money [an contribution to a political campaign] b : made without conversion (as of assets) into money [an distribution of assets] 2 : made in a form or amount equivalent to another [an
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