Expense Litis - Law Dictionary Search Results
Home Dictionary Name: expense litisDominus litis
Dominus litis, 'dominus litis', that is, master of, or having dominion over, the case. He is the person who has carried and control of an action. In case of conflict of jurisdiction the choice ought to lie with the plaintiff to choose the forum best suited to him unless there be a rule of law excluding access to a forum of plaintiff's choice or permitting recourse to a forum will be opposed to public policy or will be an abuse of the process of law, Phannalal v. Kalawatibai, AIR 2002 SC 2572 (2580): (2002) 6 SCC 16. [M.P. Accomodation Central Act, 1961 (41 of 1961)]The controller of a suit or litigation; also an advocate who, after the death of his client, prosecuted a suit to sentence for the executor's use, Civil LawDominus litis, the plaintiff is dominus litis, that is, master of, or having dominion over the case, Dhannalal v. Kalawatibai, (2002) 6 SCC 16....
Contestatio litis
Contestatio litis, the plea and joinder of issue in the Ecclesiastical Courts....
Contestatio litis eget terminos contradictarious
Contestatio litis eget terminos contradictarious. Jenk. Cent. 117.-(The joinder of issue in a suit needs contradictory terms.)...
Expens' litis
Expens' litis (costs of suit). See COSTS....
Litis contestatio
Litis contestatio, (1) in the Ecclesiastical Courts the issue of an action; (2) a submission to the decision of a judex, Civ. Law....
Litis nomen omnem actionem significat, sive in rem, sive in personam sit
Litis nomen omnem actionem significat, sive in rem, sive in personam sit [Lat.], 'Lawsuit' signifies every action, whether it be real or personal....
Litis 'stimatio
Litis 'stimatio, the measure of damages....
Pactum de quota litis
Pactum de quota litis, an agreement by which a creditor promised to pay a portion of a debt difficult to recover, to a person who undertook to recover it, Civ. Law....
expense
expense : financial burden or outlay ;specif : an item of business outlay chargeable against revenue for a specific period busi·ness expense : an expense made in furtherance of one's business esp. as part of the cost of operating a business in the taxable year in which the expense is incurred compare capital expense and personal expense in this entry NOTE: Business expenses are generally tax deductible in the year the expense is incurred. capital expense : an expense made in a business that will provide a long-term benefit : capital expenditure NOTE: Capital expenses are not tax deductible as business expenses but may be used for depreciation or amortization. mov·ing expense : an expense incurred in changing one's residence that is tax deductible if incurred for business reasons (as when one's job requires relocation) or·di·nary and nec·es·sary expense : an expense that is normal or customary and helpful and appropriate for the operation of a ...
bad debt expense
bad debt expense An expense account that reflects the amount of your company's accounts that are not collectable, that is the amount of your company's accounts that are "bad debts." A "bad debt expense" account is an expense account of your company. A typical company makes an estimate as to how much it has in bad debts on a periodic (usually monthly) basis. For example, your company estimates that it has about $1,200 per year in accounts that are not collectable. Your company would make the following accounting entries each month: a debit to your "bad debt expense" account in the amount of $100, and a credit to your "allowance for bad debts" account in the amount of $100. When you actually decide that a particular debt is not collectable, you would not make an entry to the "bad debt expense" account. Instead, you would debit your company's "allowance for bad debts" account for the amount of the bad debt and credit your accounts receivable account for that amount. ...
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