Average Weekly Earnings - Law Dictionary Search Results
Home Dictionary Name: average weekly earningsAverage weekly earnings
Average weekly earnings, See WORKMEN'S COMPENSATION ACT....
average weekly wage (aww)
average weekly wage (aww) The AWW is another method which may be utilized in calculating entitlement to wage loss benefits. The average earnings, by week, for a fixed period of time are calculated and wage loss benefits are computed according to that amount. ...
statewide average weekly wage (saww)
statewide average weekly wage (saww) The statewide average weekly wage is a computation of average wages paid to workers in a jurisdiction for a set period of time and is generally used to calculate the minimum, and maximum, amounts of workers' compensation benefits that an injured employee will be entitled to receive. ...
Workmen's Compensation Act
Workmen's Compensation Act. (English) The Workmen's Compensation Act, 1897, introduced the principle of compulsory insurance of workmen by employers in a restricted number of trades. The gist of a right to compensation under the Acts is 'accident arising out of and in the course of the employment' causing personal injury to a workman (Workmen's Compensation Act, 1925 [15 & 16 Geo. 5, c. 84), s. 1 (1)] The compensation is not damages for negligence or any other tort at common law or by statute (see COMPBELL (LORD) ACTS (Fatal Accidents Acts, 1846-1908) and Employers Liability Act, 1880, sub tit. MASTER AND SERVANT), and an employer is not liable both for damages and compensation; but the workman or his representatives may elect between the remedies, and in an unsuccessful action for damages the Court may assess or refer the question of compensation to the proper tribunal, subject to an equitable order for costs (Workmen's Compensation Act, 1925, s. 25). Compensation is not payable for a...
average daily wage (adw)
average daily wage (adw) The ADW is a calculation of an injured employee's average daily earnings and is sometimes used to determine entitlement to wage loss benefits following an injury, particularly where the AWW would not be an accurate representation of the employee's earnings. ...
Average
Average, a medium, a mean proportion used in various senses:-(1) A service which a tenant owes to his lord by doing work with his avers.(2) A shipping or insurance term. (a) Average, or more fully general average, is where any damage or loss has been properly and voluntarily incurred in respect of a ship or cargo for its safety, e.g., goods thrown overboard in a storm to lighten the ship. Such loss by maritime law is shared proportionately between the shipowners and the owners of the cargo, according to value. This risk is almost always covered by insurance. An Average Bond is a bond entered into by the consignees of a cargo with the shipowners, when a general average loss has been sustained by the ship, binding the former to pay their proportion as soon as ascertained. (b) Particular average is damage, or loss to a ship, or cargo, other than a general average loss. Such a loss rests where it falls, that is to say, is borne by the owner of the thing lost or damaged, or by his insurer, ...
Average of the basic wage
Average of the basic wage, the expression 'average of the basic wage' can only mean the wage earned by a workman during a month divided by the number of days for which he has worked and multiplied by 26 in order of arrive at the monthly wage for the computation of gratuity payable, Delhi Cloth and General Mills Co Ltd. v. Workers, AIR 1970 SC 919 (938): (1969) 2 SCR 307. [Industrial Disputes Act, (14 of 1947) Sch. 3 item 5]...
Commercial unit of agricultural land
Commercial unit of agricultural land, is a unit capable, when framed under competent manage-ment of producing a net annual income of an amount not less than the aggregate of the average annual earnings of two full-time male agricultural workers aged 20 or over, Halsbury's Laws of England, Vol. 1(2), para 367, p. 195....
Week
Week, in the Shorter Oxford English Dictionary (Third Edition), the word 'week' has been described as meaning 'the cycle of seven days, recognized in the calendar of the Jews and thence adopted in the calendar of Christian, Moham-medan and various other peoples. A space of seven days, irrespective of the time from which it is reckoned. Seven days as a term for periodical payments (of wages, rent, or the like), or as a unit of reckoning for time of work or service'. In Webster's New World Dictionary (1962 Edition), the meaning of the word 'week' is given as 'a period of seven days, especially one beginning with Sunday and ending with Saturday; the hours or days of work in a seven-day period'. In Stroud's Judicial Dictionary (Third Edition), it is stated that '(1) though a week usually means any consecutive seven days, it will sometimes be interpreted to mean the ordinary notion of a week reckoning from Sunday to Sunday and (2) probably, a week usually means seven clear days'. A 'week' a...
Dow Jones Industrial Average
an index of certain stock prices on the New York Stock Exchange computed by the Dow Jones publishing company as a weighted average of the prices of the common stocks of 30 specific companies classified as industrial The Dow Jones Industrial Average is often taken as an indicator of the movement of American stock prices generally though other indices are maintained averaging the prices of other stocks and these often change in opposite directions from those of the DJIA...
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