Cash Basis - Law Dictionary Search Results
cash basis accounting
Matched in: Term cash basis accounting
cash basis
Matched in: Term cash basis
cash method
Matched in: Term cash method
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accrual basis accounting
Matched in: Term accrual basis accounting
basis
Matched in: Term basis
Wholesale cash price
Matched in: Term Wholesale cash price
life insurance
entry term life insurance : life insurance that provides coverage for a set term and does not accumulate cash surrender value universal life insurance : life insurance characterized by flexible premiums, benefits, and payment schedules, by the … over the life of the insured and that can be sold for surrender value or used as the basis of low-interest loans called also ordinary life insurance straight life insurance
Wages
with the terms and conditions of his employments and which are paid or are payable to him in cash and includes dearness allowance but does not include any bonus, commission, house rent allow-ance, overtime wages and any … s. 31] The expression 'wages' does not imply that the compensation is to be determined solely upon the basis of time spent in service; it may be determined by the work done; it could be estimated in
Property
of tangible property, even intangible, including debts and chooses in action such as unpaid accumulation of wages, pension, cash grants, and constitutionally protected privy purse, See M.M. Pathak v. Union of India, AIR 1978 SC 802. Decree … proprietary right, Sidhjrabhai Sabbai v. State of Gujarat, AIR 1963 SC 540. Property, is nothing more than the basis of a certain expectation, namely, the expectation of deriving thereafter certain advantage from a thing (which we are
sale
notice that the seller will not afterward continue to operate the same or a similar kind of business. cash sale : a sale in which payment must be made in cash NOTE: Under U.C.C. section 2-310, payment … selling goods and services [vice-president of s] b : gross receipts c : income calculated under the accrual basis of accounting
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