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basis

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 tax purposes

escalator clause

for an increase in the amount of the payments made under the contract to reflect an increase in costs or the raising of a government-imposed cap on costs 2 : a clause in an employment contract that

Charging order

S.C. 1883, Ord. XLVI., charging the stocks or funds of a judgment debtor with the judgment debt. Solicitor's Costs.--The (English) Solicitors' Act, 1932 (22 & 23 Geo. 5, c. 37), s. 69, enables any court in which

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Purchase price

the seller in respect of the goods at the time of or before delivery thereof, other than the cost of insurance for transit or of installation, when such cost is separately charged. [The Maharashtra Value Added Tax

Imprisonment

penal servitude for any offence, or committed to prison in default of payment of a fine, damages, or costs, and a young person (i.e., one who is 14 but under 17) cannot be sentenced to penal servitude

depreciation

be offset by current repairs and is carried on company books as a yearly charge amortizing the original cost over the useful life of the property accelerated depreciation : the depreciation of property that was put into

Amendment

prejudice of a party to the proceeding; apart from this, it is in general a mere matter of costs. 1. Amendment of proceedings in the Supreme Court. By R. S. C. Ord. XXVIII., r. 1, the Court

Dearness allowance

SCR 111. The whole purpose of dearness allowance being to neutralise a portion of the increase in the cost of living, it should ordinarily be on a sliding scale and provide for an increase on rise in

Equity of redemption

legal estate or of an equitable interest in property from the mortgagee on payment of principal, interest and costs. A mort-gagee, although he has become absolute owner of a legal estate in the mortgaged property, on account

Payment of Money into Court

amount of debt or damages have been decided, but the judge shall, in exercising his discretion as to costs, take into account both the fact that money has been paid into Court and the amount of such

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