Deficit - Law Dictionary Search Results

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Deficit

Deficiency in amount or quality a falling short lack as a deficit in taxes revenue etc...

Fiscal deficit, means the excess of total disbursement from the consolidated fund of the State (excluding repayment of debt) over the sum of revenue receipts, recovery of loans and non-debt capital receipts into the fund during a financial year, Rajasthan Agricultural Produce Markets Act, 2005, s. 2(f).Means the excess of total disbursements, from the Consolidated Fund of India, excluding repayment of debt, over total receipt into the fund (excluding the debt receipts), during a financial year, Fiscal Responsibility and Budget Management Act, 2003, s. 23(a).Means excess of total expenditure of State Govern-ment over the total non-debt receipt and thus represents those borrowing requirement, net of repayment during the year which needs to be serviced by way of internet and principal repayment, Maharashtra Fiscal Responsibility and Budgetary Management Act, 2005, s. 2(c).Means the excess of total disbursements from the consolidated fund of the State (excluding repayment of debt) over tot...

Lex non deficit in justitia exhibenda

Lex non deficit in justitia exhibenda [Lat.], the law is not defective in dispensing justice....

Revenue deficit

Revenue deficit, means difference between revenue expenditure and revenue receipts which indicates increase in liability of the State Government without corresponding increase in assets of the Government. [Gujarat Fiscal Responsibility Act, 2005, s. 2(g)]Means the amount of excess of revenue expenditure over revenue receipts in a financial year. [Rajasthan Agricultural Produce Market Act, 2005, s. 2(m)]Means the difference between revenue expediture and revenue receipts of the State Government [Madhya Pradesh Rajkoshiya Uttardayitva Avam Budget Prabandhanam Adhiniyam, 2005, s. 2(i)]Means the difference between revenue expenditure and revenue receipts which indicates increase in liabilities of the Central Government without corresponding increase in assets of that Govern-ment. [Fiscal Responsibility and Budget Manage-ment Act, 2003 (39 of 2003), s. 2(e)]...

abate

abate abat·ed abat·ing [Old French abattre, literally, to knock down, from a-, prefix stressing result + battre to beat] vt 1 a : to put an end to or do away with [ a nuisance] b : make void : nullify [ an action] 2 : to reduce in amount esp. proportionately [ a tax] vi 1 : to become defeated or become null or void [when a public officer is a party to an appeal…in an official capacity and during its pendency dies…the action does not "Federal Rules of Appellate Procedure Rule 43"] 2 : to decrease in amount or value [the legacies abated proportionately] NOTE: A problem arises in estate law when the amount of the bequests and devises made in a will exceeds the assets available in the estate. In such a case, some or all of the bequests and devises may have to be abated to make up the deficit. Under the Uniform Probate Code, property in the estate that is not specifically given under the will abates first, residuary devises abate second, general devises abate...

Defalcation

A lopping off a diminution abatement deficit Specifically Reduction of a claim by deducting a counterclaim set off...

hyperactivity

an unusually high level of activity used especially with respect to children who move around frequently and do not sit still very long most noticeably in school It is sometimes associated with attention deficit disorder...

militate against

To argue against to cast doubt on used in reference to facts which tend to disprove a hypothesis as the absence of a correlation of budget deficits with inflation militates against any causal relation between the two Opposite of support...

Defamation

Defamation, an intentional false communication, either published or publicly spoken, that injures another's reputation or good name, holding up of a person to reduce, Scorn or contempt in a respectable an considerable part of the community; may be criminal as well as civil. Includes both libel and slander. (Indian Penal Code, 1860, s. 499)Defamation, general term for words spoken (slander) or written (libel) to the prejudice of a person's character, in such wise as to support an action by such person against the speaker or writer. The ecclesiastical courts had formerly a concurrent jurisdiction in such an action, but such jurisdiction was abolished in 1855 by 18 & 19 Vict. c. 41. See LIBEL 'SLANDER. Consult Odgers on Libel and Slander.The act of a defaulter: Embezzlement or misappropriation of public or trust funds: Diminution, abatement, excision of any part of a customary allowance; a cutting off, a diminution by way of deficit....

Triggers

Triggers, means intra-year benchmark on deficit. [Gujarat Fiscal Responsibility Act, 2005, s. 2(j)]...

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