Capital Gain - Law Dictionary Search Results
National Bank
2(ccc)] A private or quasi public corporation, organised under the general law, by individual stockholders, with their own capital, by private gain and managed by officers, agents and employees of their own selection; a quasi-public institution under
Hire-purchase agreement
scheme gained in popularity and in size, the dealers who were not endowed with liberal amount of working capital found it difficult to extend the scheme to many customers. Then the financiers came into the picture. The … dealer and the customer and the dealer used to extend credit to the customer. But as hire-purchase scheme gained in popularity and in size, the dealers who were not endowed with liberal amount of working capital found
Casualty Pot
casualties of depreciable and real property used in a trade or business for more than one year and capital assets held for more than one year in connection with a trade or business or transaction made for … Pot : a step in calculating tax liability under Internal Revenue Code section 1231 in which qualified casualty gains and losses are added together to determine if the result is a net loss or net gain compare
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Company
in the event of its being wound up as in mentioned in the Act. Companies having a share capital are not entitled to commence business before the registrar has delivered a certificate that the company is so … of more than twenty persons for carrying on any other business having for its object the acquisition of gain, unless it be formed under special Act of Parliament, or letters-patent, or be a mining company subject to
Priority
absolute and corresponding incorporeal hereditaments (see s. 1 of the Act)), as well as all equitable interests in capital money, and securities representing capital money. Before 1926 the priorities in regard to these were determined by the … jure prevails if equities are equal, and a purchaser is still affected with notice of these and cannot gain priority by registration, but registration, if available (as in the case of any mortgage), amounts to notice. See
profit
of the selling price of goods over their cost b : net income from a business, investment, or capital appreciation compare earnings, loss 2 : a benefit or advantage from the use of property see also mesne … profit 1 : gain in excess of expenditures: as a : the excess of the selling price of goods over their cost
Insurance
a number of persons. Companies formed for carrying on this business have generally a large subscribed but uncalled capital, so as to enable them to raise large sums to make good extraordinary losses. Marine Insurance.--The practice of … happen. The one renders his property secure; the other receives money with the probability that it is clear gain. The instrument by which the contract is made is called a policy; the stipulated consideration, a premium. As
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