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Discountable - Law Dictionary Search Results

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Sale price

payable to a dealer as consideration for the sale of any goods, less any sum allowed as cash discount according to the practice normally prevailing in the trade, but inclusive of any sum charged for anything done

Bank Rate

Bank Rate. The minimum rate of discount charged for the time being by the Bank of England for discounting, cashing before due date the bills

Prize amount

Prize amount, means the difference between the chit amount and the discount, and in the case of a fraction of a ticket means the difference between the chit amount and

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Weights and measures

bound to provide them if the Board of Trade so direct. Moreover, of the vague general prohibition of discount being allowed by an inspector on his scheduled fees for verification and stamping there is substituted (s. 13)

Dealership agreement

of dealers. Dealer is required to make full payment of goods purchased by him forthwith and given cash discount as per length of period of payment. Agreement held to be a dealership agreement and not an agency

Bank

the accepting of deposits of money, granting of credit (by loan, overdraft) and other transactions such as the discounting of bills, dealing in foreign exchange, United Dominions Trust Ltd. v. Kinkwood, (1966) 2 QB 451. The national

Batta, or Butta

Batta, or Butta discount. 'In revenue matters,' says Mr. Wilson in the Indian Glossary, 'the amount added to, or deducted from, any

Chit amount

of the subscriptions payable by all the subscribers for any instalment of a chit without any deduction of discount or otherwise. [Chit Funds Act, 1982 (40 of 1982), s. 2(d)]

Cussore

Cussore, a term used in Hindustan for the discount or allowance made in the exchange of rupees, in contradistinction to batta, which is the sum deducted.

Mistake

Mistake, misconception, error. Money paid under a mistake of a material fact, as where a person discounts a forged bill, is recoverable (though a banker paying the forged cheque of a customer cannot charge the

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