Current - Law Dictionary Search Results
Home Dictionary Name: currentelectric current
the movement of electrically charged particles atoms or ions through solids liquids gases or free space the term is usually used of relatively smooth movements of electric charge through conductors whether constant or variable Sudden movements of charge are usually referred to by other terms such as spark or lightning or discharge In metallic conductors the electric current is usually due to movement of electrons through the metal The current is measured as the rate of movement of charge per unit time and is counted in units of amperes As a formal definition the direction of movement of electric current is considered as the same as the direction of movement of positive charge or in a direction opposite to the movement of negative charge Electric current may move constantly in a single direction called direct current abbreviated DC or may move alternately in one direction and then the opposite direction called alternating current abbreviated AC...
Current official scale of rates
Current official scale of rates, the expression 'current' means 'vogue' or 'prevalent'; and 'current rate' may mean the rate obtaining at a particular time or at a future time or from time to time. The terms goes well with the present, future and recurrent, the words 'current official' scale of rates' in para IV of the agreement mean the official scale of rates current or prevalent from time to time during the currency of the agreement, Gopisetti Venkatratmam v. Vijayawada Municipality, AIR 1966 SC 353 (354, 355): (1965) 3 SCR 276. [Electricity Act, (9 of 1910), s. 21(2)]...
Direct current
A current flowing in one direction only distinguished from alternating current When steady and not pulsating a direct current is often called a continuous current...
current ratio
current ratio A ratio of a business' current assets to its current liabilities ...
Currently
In a current manner generally commonly as it is currently believed...
Eddy current
An induced electric current circulating wholly within a mass of metal called also Foucault current...
Phasing current
The momentary current between two alternating current generators when juxtaposed in parallel and not agreeing exactly in phase or period...
Current account transaction
Current account transaction, means a transaction other than a capital account transaction and without prejudice to the generality of the foregoing such transaction includes--(i) payments due in connection with foreign trade, other current business, services, and short-term banking and credit facilities in the ordinary course of business,(ii) payments due as interest on loans and as net income from investments,(iii) remittances for living expenses of parents, spouse and children residing abroad, and(iv) expenses in connection with foreign travel, education and medical care of parents, spouse and children. [Foreign Exchange Management Act, 1999 (42 of 1999), s. 2 (j)]...
Current liabilities
Current liabilities, means liabilities which must be met on demand or within a period of twelve months from the date they are incurred; and includes any current liability which is suspended under s. 18FB. [Industries (Development and Regulation) Act, 1951 (65 of 1951), s. 3 (ac)]...
current asset
current asset see asset ...