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Education Committee

committee established by a local education authority, which has to report on questions of elementary education, other than finance, before action is taken (see Education Act, 1921, s. 4).

Health and fitness services

spas, reducing or slimming salons, gymnasium, yoga, meditation, massage (excluding therapeutic massage) or any other like service, the Finance Act, 2002, s. 78(42).

Grogging

the wood thereof, punishable by a fine of 50l., as a revenue offence, by s. 4 of the Finance Act, 1898 (61 & 62 Vict. c. 10)

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Floating assets

Computer System Plc (in re:), (1992) Ch 505. See also Arthur D Little Ltd. (in administration) v. Ableco Finance LLC, (2003) LR 217 (Ch): (2002) EWHC 701 (Ch).

Fixed charge

Cosslett (Contractors) Ltd. (in re:), (1998) Ch 495, see also Arthur D Little Ltd. (in administration) v. Ableco Finance, LLC, (2003) LR 217 (Ch): (2002) EWHC 701 (Ch).

Financial year

Financial year. By s. 22 of the (English) Interpretation Act, 1889 (52 & 53 Vict. c. 63):- In this

Financial non-viability

Financial non-viability, The expression 'financial non-viability' has not been defined in the Income Tax Act but the Finance Minister's

Financial interest

Financial interest, in the narrower sense, it implies direct personal benefit of an economic nature. In the wider sense,

Feed

subsequent acquisition of the legal estate 'feeds the estoppel' and the legal estate vests in B.; see General Finance Co. v. Liberator Building Society, (1878) 10 Ch D 20; Doe v. Oliver, (1829) 5 Man. & Ry.

Executor

net amount realized. Executors are accountable for estate duty on property which comes to them as such [(English) Finance Act, 1894], see O'Grady v. Wilmot, (1916) 2 AC 231 (57 & 58 Vict. c. 30). Ss. 6,

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