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surrender value

surrender value : cash surrender 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

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

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merger

another ;also : any of various methods of combining two or more organizations (as business concerns) compare consolidate cash merger : a merger in which shareholders in the company to be absorbed receive cash for their shares

Debt

Mills Ltd. v. Harnam Singh, AIR 1955 SC 590: (1955) 2 SCR 402. (ii) means an advance in cash or in kind and includes any transaction which is in substance a debt but does not include an

Loan societies

to impose. Thus the bank does not suffer any loss of interest as a result of carrying excessive cash which is necessary in the case of cash credits and overdrafts. Loan accounts are said to have a

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

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

Basic wages

case in accordance with the terms of the contract of employment and which are paid or payable in cash to him, but does not include-(i) the cash value of any food concession; (ii) any dearness allowance (that

Food and sale

'Sale' with its grammatical variations and cognate expressions, means the sale of any article of food, whether for cash or on credit or by way of exchange and whether by wholesale or retail, for human consumption or

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