Fixed Assets - Law Dictionary Search Results
Cock oven plant
equipment belonging to the coke oven plant where the washing of coal is carried on, (vi) all other fixed assets, movable or immovable, and current assets belonging to a coke oven plant, whether within its premises or outside.
renewal
renewed 3 : something renewed 4 : something used for renewing ;specif : an expenditure that betters existing fixed assets 5 : the rebuilding of a large area (as of a city) by a public authority
salvage value
the value of damaged property 2 : the actual or estimated value realized on the sale of a fixed asset at the end of its useful life NOTE: Salvage value is used in calculating depreciation. … value of damaged property 2 : the actual or estimated value realized on the sale of a fixed asset at the end of its useful life NOTE: Salvage value is used in calculating depreciation.
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depreciation
before the adoption of the Accelerated Cost Recovery System straight-line depreciation : depreciation of an asset by a fixed percentage of its original cost based on its estimated life 2 : a loss in the value of … rules in force before the adoption of the Accelerated Cost Recovery System straight-line depreciation : depreciation of an asset by a fixed percentage of its original cost based on its estimated life 2 : a loss in
Hypothecation
such creditor, as a security for financial assistance and includes floating charge and crystallization of such charge into fixed charge on movable property. [Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54
open-end
of shares that are issued or redeemed at the current net asset value or at a figure in fixed ratio to this [an investment company] compare closed-end c : calling for the filling by a particular contractor … at mortgage b : having fluctuating capitalization of shares that are issued or redeemed at the current net asset value or at a figure in fixed ratio to this [an investment company] compare closed-end c : calling
Forward contract
of 1952), s. 2(c)] An agreement to buy or sell a particular non-standardized asset (use currencies) at a fixed price on a future rate, Black's Law Dictionary, 7th Edn., p. 666. … [Forward Contracts (Regulation) Act, (74 of 1952), s. 2(c)] An agreement to buy or sell a particular non-standardized asset (use currencies) at a fixed price on a future rate, Black's Law Dictionary, 7th Edn., p. 666.
Capital and revenue receipt
in the course of trading results in a trading receipt; sale of assets which the assessee uses as fixed capital to enable him to carry on his business results in capital receipt, C.I.T. v. Maheshwari Devi Jute
freeze
freeze froze fro·zen freez·ing 1 : to cause to become fixed, immovable, unavailable, or unalterable [ interest rates] 2 : to immobilize (as by government regulation or the action … by government regulation or the action of a financial institution) the expenditure, withdrawal, or exchange of [ foreign assets] 3 : to restructure (the capital of a close corporation) so that the value is reflected mostly in
note
securing it promissory note : a note containing an unconditional promise to pay on demand or at a fixed or determined future time a particular sum of money to or to the order of a specified person … to the bearer recourse note : a note whose satisfaction upon default may be obtained from the debtor's assets other than and in addition to the collateral securing it re·new·al note : a note that continues an
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