Current Liabilities - Law Dictionary Search Results
Current liabilities
Matched in: Term Current liabilities
current liabilities
Matched in: Term current liabilities
asset
2 : admitted assets considered as a whole net quick assets : the excess of quick assets over current liabilities non·ad·mit·ted asset : an asset not allowed by law to be included in determining the financial condition of
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current ratio
Matched in: Term current ratio
liquid
: consisting of cash or capable of ready conversion into cash [ assets] b : capable of covering current liabilities out of current assets esp. in a rapid manner [a insurer] 2 : of or relating to a
Quick-asset ratio
means the ratio between an entity's current or liquid assets (such as cash and accounts receivable) and its current liabilities. Also termed quick ratio; acid-test ratio, Black's Law Dictionary, 7th Edn., p. 1260.
Drawal
ATM Card or any other thing by whatever name called which has the effect of creating foreign exchange liability. [Foreign Exchange Management (Current Account Transactions) Rules, 2000, s. 2 (b)]
Banking policy
Halsbury's Laws of England, Vol. 3(2), 4th Edn., Para 78, p. 48. Means a person who cannot meet current financial obligations, an insolvent person; Debtor, Black Law Dictionary, 7th Edn., p. 141. The Bankrupt Law is distinguished … of it to the payment of the individual complainant; and (3) the discharge of the debtor from future liability for the debts then existing. The law of bankruptcy, which dates from 34 & 35 Hen. 8, c.
Bankrupt
Halsbury's Laws of England, Vol. 3(2), 4th Edn., Para 78, p. 48. Means a person who cannot meet current financial obligations, an insolvent person; Debtor, Black Law Dictionary, 7th Edn., p. 141. The Bankrupt Law is distinguished … of it to the payment of the individual complainant; and (3) the discharge of the debtor from future liability for the debts then existing. The law of bankruptcy, which dates from 34 & 35 Hen. 8, c.
Unclaimed property
dividends in bankruptcy, see Bankruptcy Act, 1914, s. 153. (4) Bankers' Balances.-Money at a bank on an ordinary current or drawing account is money lent to the banker by the customer, repayable upon and not until demand … decided for what length of time bankers are bound to keep these, but it would seem that the liability of the banker, if he retains custody, is a perpetual liability limited only by six years after demand
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