at Will

at-will

at-will A term used to describe many employment relationships. In a nutshell, "at-will" means that an employee can be fired for any reason, or for no reason at all. However, even an at-will employee is entitled to the protection of anti-discrimination laws. If an employee is terminated in violation of anti-discrimination laws, he or she may be able to successfully bring an action against the former employer. ...

Partnership at will

Partnership at will, a 'partnership at will' is that it is open to either partner to dissolve the partnership by giving notice, Karumuthu Thiagarajan Chettiar v. E.M. Muthappa Chettiar, AIR 1961 SC 1225 (1230): (1961) 3 SCR 998....

Tenant at Will

Tenant at Will. See WILL, ESTATE AT....

At will, means subject to one's discretion; as one wishes or chooses; esp. (of a legal relationship), able to be terminated or discharged by either party without cause e.g. employment at will, Black Law Dictionary 7th Edn., p. 125....

at-will employment

at-will employment A type of employment relationship in which there is no contractual agreement and either party may end the employment relationship at any time, for any reason or for no reason at all, without incurring a penalty ...

estate at will

estate at will see estate ...

partnership at will

partnership at will see partnership ...

tenancy at will

tenancy at will see tenancy ...

Manor

Manor [fr. manerium, Lat.; manoir, Fr., habitation, or manendo, of abiding there, because the lord usually resided there], an estate in fee-simple in a tract of land granted by the sovereign to a subject (usually of power and consequence) in consideration of certain services to be performed. The tenementales were granted out; the dominicales (whence the ter demesne) were reserved to the lord; the barren lands which remained formed the 'wastes'; the whole fee was termed a lordship or barony; and the Court appendant to the manor the Court baron. Every manor (with some doubtful and unimportant exceptions) is of a date prior to the statute of Quia Emptores (18 Edw. 1, c. 1).'A manor,' says Mr. Joshua Williams, 'was made by the owner of an estate in fee carving out other estates in fee to be held by other freeholders as his tenants. A manor consists of demesnes and services: of demesnes, that is, of lands of which the freeholder, now become lord of a manor, is seised in his demesne as of fe...

allowance for bad debts

allowance for bad debts Your best guess at how much of your accounts receivable will not be collectable. In other words, your best guess at how much of your accounts receivable will be "bad debts." An "allowance for bad debts" account is kind of like a savings account for bad debts. Your company puts money into it on a periodic basis (usually monthly) as an expense of the company. When you decide that a particular account is not collectable, you tap the allowance for bad debts account to pay for the bad debt. Because you already made the allowance for bad debts, your profit and loss statement will not be out of whack in the particular month that you decide to "write-off" a particular account. Your company's accounting entries to "write off" a $500 account that you have decided is not collectable would look something like this: a debit to your allowance for bad debts account in the amount of $500 and a credit to your accounts receivable account for $500. ...

At Will - Law Dictionary Search Results