Cash Value - Law Dictionary Search Results
actual cash value
Matched in: Term actual cash value
cash value
Matched in: Term cash value
cash surrender value
Matched in: Term cash surrender value
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surrender value
Matched in: Term surrender value
ACV
ACV actual cash value
Salary or wages
his employment or of work done in such employment and includes dearness allowance (that is to say, all cash payments, by whatever name called, paid to an employee on account of a rise in the cost of … not include-- (i) any other allowance which the employee is for the time being entitled to; (ii) the value of any house accommodation or of supply of light, water, medical attendance or other amenity or of any
Sale price
amount payable to a dealer as consideration for the sale of any goods, less any sum allowed as cash discount according to the practice normally prevailing in the trade, but inclusive of any sum charged for anything … system of payment by instalments, the amount of valuable consideration payable to a person for such delivery. [Gujarat Value Added Tax Act, 2003, s. 2(24)] Means the amount of valuable consideration paid or payable to a dealer
life insurance
universal life insurance : life insurance characterized by flexible premiums, benefits, and payment schedules, by the indexing of cash value to money market interest rates, and by the periodic reporting of current value and company costs charged to … life insurance in this entry variable life insurance : life insurance in which all or part of the cash value of the policy is located in a tax-deferred investment portfolio with risk assumed by the insured for investment
basis
are recorded in the period when payment is received or made called also cash method 3 : the value (as cost or fair market value) of an asset used in calculating capital gains or losses for income … may use for figuring taxable income. For example, a corporation with gross receipts under $5,000,000 may be a cash-basis taxpayer. ac·cru·al basis : a method of accounting in which income and expenses are recorded in the period
Wholesale cash price
Matched in: Term Wholesale cash price
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