Fixed Assets - Law Dictionary Search Results
Fixed assets
Matched in: Term Fixed assets
fixed asset
Matched in: Term fixed asset
Fixed charge
Matched in: Term Fixed charge
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asset
esp. in an estate that is subject to the payment of debts only in a court of equity fixed asset : a tangible asset (as a piece of equipment) that is of a permanent or long-term nature … asset [back-formation from assets, singular, sufficient property to pay debts and legacies, from Anglo-French asetz, from Old French asez enough] 1 :
Actual cost
Actual cost, The accepted accountancy rule for determining the cost of fixed assets is to include all expenditure necessary to bring such assets into existence and to put them in working … the commencement of production on such borrowed money can be capitalised and added to the cost of the fixed assets which have been created as a result of such expenditure. The above rule of accountancy should, in our
trust
receive payments of a fixed percentage and not less than five percent of the value of the trust assets as determined annually for a specified period after which the remainder passes to charity charitable trust : a … as beneficiaries charitable remainder annuity trust : a charitable remainder trust in which the named beneficiaries receive a fixed payment of not less than five percent of the fair market value of the original principal over the
Debenture
defined as including debenture stock, bonds or other securities of a company whether constituting a charge on the assets of the company or not. The charge created by debentures as a rule is fixed on the company's … v. Commissioners of Inland Revenue, (1881) 7 QBD 165] of certain pro-perty with the repayment at a time fixed of money lent by person therein named at a given interest, but the term is a very elastic
Floating assets
Matched in: Term Floating assets
marshal
;also : to fix the order of (as liens or remedies) with respect to priority against a debtor's assets see also marshaling
replacement
property rather than pay the insured for the loss 2 : something that replaces ;specif : a new fixed asset or portion of an asset that takes the place of one discarded (as because of deterioration) … rather than pay the insured for the loss 2 : something that replaces ;specif : a new fixed asset or portion of an asset that takes the place of one discarded (as because of deterioration)
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