Checks and Balances

checks and balances : the powers (as judicial review, the presidential veto, and the congressional override) conferred on each of the three branches of government by which each restrains the others from exerting too much power ...

check

check 1 : something that limits or restrains see also checks and balances 2 : a written order signed by its maker directing a bank to pay a specified sum to a named person or to that person's order on demand see also negotiable instrument compare draft bank check : a check drawn by a bank on its deposits in another bank ca·shier's check : a check drawn by a bank on its own funds and signed by the cashier or another bank official certified check : a check certified to be good by the bank upon which it is drawn by the signature of usually the cashier or paying teller with the word certified or accepted across the face of the check NSF check [Not Sufficient Funds] : a check drawn on an account with insufficient funds from which to make payment ...

judicial review

judicial review 1 : review 2 : a constitutional doctrine that gives to a court system the power to annul legislative or executive acts which the judges declare to be unconstitutional ;also : the process of using this power see also checks and balances Marbury v. Madison in the Important Cases section ...

M1

The narrowest measure of the money supply comprising the currency in circulation plus demand deposits or checking account balances...

Controlled constitution

Controlled constitution, the principles of checks and balance have an important role to play, I.R. Coelho v. State of Tamil Nadu, (2004) 2 SCC 1....

Separation of powers

Separation of powers, means the division of governmental authority into three branches of government viz., legislative, executive and judicial, each with specified duties on which neither of the other branches can encroach; the constitutional doctrine of checks and balances by which the people are protected against tyranny, Black's Law Dictionary, 7th Edn., p. 1370.The doctrine of separation of powers was adopted by the convention of 1787 not to promote efficiency but to preclude to exercise of arbitrary power. The purpose was not to avoid friction, but by means of the inevitable friction incident to the distribution of the governmental powers among three depart-ments, to save the people from autocracy. The Development of Constitutional Guarantees of Liberty, Justice Louis Brendeis, 1957, p. 94....

check-kiting

check-kiting : the practice of drawing on uncollected funds during the time needed to clear a check deposited in a bank esp. if the check is worthless called also kiting NOTE: Check-kiting typically works this way: a check drawn on insufficient funds in one bank is deposited in a second bank, and the funds represented by the check are immediately withdrawn from the second bank. The money is ultimately deposited in the first bank to cover the check before it clears, which usually takes several days. ...

Cash balances

Cash balances, The expression 'cash balances' in clause (b) of sub-s. (1) of s. 14 of the Administration of Evacuee Property Act, 1950 has to be construed as the excess of credits over debits. The word 'balance' appears to have been advisedly used in preference to 'deposits' because the intention was that only such amount in deposit with the Custodian should be transferred to the compensation pool which would be in excess of the amount required for meeting the due claims against the evacuees or their properties. It is thus clear that what can be directed to be transferred to the compensation pool by the Government under s. 14(1)(b) is the 'cash balance' and not the total cash deposits with the Custodian, Custodian of Evacuee Property v. Rabia Bai, (1977) 1 SCR 25: (1976) 4 SCC 270: AIR 1976 SC 2557 (2566)....

Balance sheet total

Balance sheet total, means in relation to a company's financial year (1) where in the company's accounts format 1 of the Balance Sheet formats is adopted, the aggregate of the amounts shown in the Balance Sheet under the heading corresponding to items A to D in that format, and (2) where format 2 is adopted, the aggregate of the amounts shown under the general heading 'Assets', Halsbury's Laws of England, Vol. 7(1), 4th Edn., Para 860, p. 631....

bank check

bank check see check ...

Checks And Balances - Law Dictionary Search Results