Conduit System - Law Dictionary Search Results
Home Dictionary Name: conduit systemConduit system
A system of electric traction esp for light railways in which the actuating current passes along a wire or rail laid in an underground conduit from which the current is ldquopicked uprdquo by a plow or other device fixed to the car or electric locomotive Hence Conduit railway...
real estate mortgage investment conduit
real estate mortgage investment conduit : remic ...
real estate mortgage investment conduit (remic)
real estate mortgage investment conduit (remic) a security representing an interest in a trust having multiple classes of securities. The securities of each class entitle investors to cash payments structured differently from the payments on the underlying mortgages. Source: U.S. Department of Housing and Urban Development ...
Conduit
Conduit, means rigid or flexible metallic tubing or mechanically strong and fire resisting non-metallic tubing into which a cable or cables maybe drawn for the purpose of affording it or them mechanical protection. [Indian Electricity Rules, 1956, s. 2 (1) (l)]...
Inter-State transmission system
Inter-State transmission system, includes--(i) any system for the conveyance of electricity by means of main transmission line from the territory of one State to another State;(ii) the conveyance of electricity across the territory of an intervening State as well as conveyance within the State which is incidental to such inter-State transmission of electricity;(iii) the transmission of electricity within the territory of a State on a system built, owned, operated, maintained or controlled by a Central Transmission Utility. [Electricity Act, 2003 (36 of 2003), s. 2(36)]The 'inter-State transmission system' means any system for transmission of electricity other than an inter-State transmission system. [Electricity Act, 2003 (36 of 2003), s. 2(37)]...
Cascade system
A system or method of connecting and operating two induction motors so that the primary circuit of one is connected to the secondary circuit of the other the primary circuit of the latter being connected to the source of supply also a system of electric traction in which motors so connected are employed The cascade system is also called tandem system or concatenated system the connection a cascade connection tandem connection or concatenated connection or a concatenation and the control of the motors so obtained a tandem control or concatenation control...
Metric system
Metric system, a system (adopted in every European country except our own and Russia) in numbering of coinage, weights, measures, etc., wherein the integer is divided into fractions of a tenth, hundredth, etc., and no others. Contracts are not invalid on the ground that the weights or measures expressed therein are of the metric system. See s. 21 of the (English) Weights and Measures Act, 1878 which has taken the place of the repealed (English) Metric Weights and Measures Act, 1864 (27 & 28 Vict. c. 117), which recited that 'for the promotion and extension of our internal as well as our foreign trade, it was expedient to legalize the use of the metric system of weights and measures.' The Act of 1878, however, not authorizing the physical use of metric weights and measures, such physical use is expressly authorized by the (English) Weights and Measures (Metric System) Act, 1897 (60 & 61 Vict. c. 46)....
Torrens system
Torrens system [after Sir Robert Torrens (1814-1884), British pioneer in Australia] : a title registration system used esp. in Massachusetts, Hawaii, Illinois, and Minnesota NOTE: When a certificate of title is first applied for in the Torrens system, the title is searched or examined, a court hearing is held (as in a land court), and a decree confirming title and ordering registration (as with the registrar of deeds) is issued. A certificate of title is then given to the owner, after which the property may be conveyed by executing deeds, delivering the certificate of title to be cancelled, and issuing a new certificate to the new owner. The title registered in a Torrens system is usually guaranteed and marketable, making title insurance unnecessary and greatly reducing the time spent researching the state of the title during subsequent conveyances. ...
Bonded labour system
Bonded labour system, means the system of forced, or partly forced, labour under which a debtor enters, or has, or is presumed to have, entered, into an agreement with the creditor to the effect than,-(i) in consideration of an advance obtained by him or by any of his lineal ascendants or descendants (whether or not such advance is evidenced by any document) and in consideration of the interest, if any, due on such advance, or(ii) in pursuance of any customary or social obligation, or(iii) in pursuance of an obligation devolving on him by succession, or(iv) for any economic consideration received by him or by any of his lineal ascendants or descendants, or(v) by reason of his birth in any particular caste or community,- he would-(1) render, by himself for through any member of his family, or any person dependent on him, labour or service to the creditor, or for the benefit of the creditor, for a specified period or for an unspecified period, either without wages or for nominal wages, o...
Feudal system
Feudal system, the system of land tenure which William the Conqueror introduced into this country, thereby displacing the Saxon laws of property, and which was the chief civil institution of the Middle Ages. The system as introduced here, however, differed in some very important respects from that which prevailed abroad. See FEOD and TENURE, and Craig de Feudis, passim. The main incidents of the feudal system were not expressly abolished in England until 12 Car. 2, c. 24. See Hall, Mid. Ages....
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