Fixed Capital - Law Dictionary Search Results
Valuation
expected to realise: Provided always that the arbitrator shall be entitled to consider all returns and assessments of capital value for taxation made or acquiesced in by the claimant: (3) The special suitability of adaptability of the
Land-tax
reached or approached in more than one agricultural county, such as Norfolk, Essex, Lincolnshire, and Suffolk. The sum fixed by the (English) Land Tax Act, 1797 (38 Geo. 3, c. 5), to be paid for the land-tax … Finance Act, 1921 (11 & 12 Geo. 5, c. 32), s. 64, it may be redeemed by a capital payment of twenty-five times its amount. The chief exemptions from the tax are colleges and hospitals. For the
Sessions of the peace
to hear appeals from petty or special sessions. Times of Quarter Sessions.--The time of Quarter Sessions in now fixed by the (English) Criminal Justice Act, 1925 (15 & 16 Geo. 5, c. 86), s. 22, and instead … of any borough, shall at any sessions of the peace try any person for any treason, murder, or capital felony, or for any felony which, when committed by a person not previously convicted of felony, is punishable
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Debenture
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 … 79-91, every mortgage or charge created by a company registered in England for securing debentures, or on uncalled capital, or such as would require a bill of sale, on land wherever situate, on company's book debts, or
Insurance
classes of life insurance companies. The first class consists of corporations or joint-stock companies, who under-take to pay fixed sums upon the death of indi-viduals insuring with them; the profits made by such companies being wholly divided … a number of persons. Companies formed for carrying on this business have generally a large subscribed but uncalled capital, so as to enable them to raise large sums to make good extraordinary losses. Marine Insurance.--The practice of
Annuity
Annuity, in order to constitute an annuity, the payment to be made periodically should be a fixed or predetermined one, and it should not be liable to any variation depending upon or on any ground … will. In general it may be said that an annuitant is entitled to payment in cash of the capital sum where there is a direction to purchase or to invest a definite amount in the purchase of
Perpetuity
which is not to vest until after the expiration of, or will not necessarily vest within the period fixed and prescribed by law for the creation of future estates and interests, Walsh v. Secretary of State for … 1925, s. 163, declares that: Where in a will, settlement or other instrument the absolute vesting either of capital or income of property or the ascertainment of a beneficiary or class of beneficiaries, is made to depend
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 … appointive asset : an asset in an estate that is to be distributed under a power of appointment capital asset : a tangible or intangible long-term asset esp. that is not regularly bought or sold as part
partnership
non-commercial partnership compare trading partnership in this entry partnership at will : a partnership whose duration is not fixed by contract and that is terminable at will by any partner partnership by estoppel : a partnership created … is liable for all partnership debts and obligations in full regardless of the amount of the individual partner's capital contribution compare limited partnership in this entry limited liability partnership : a partnership formed under applicable state statute
fund
debt that is payable either at a distant date or at no definite date and that bears a fixed interest … administered by representatives of labor and management paid-in fund : a reserve cash fund in lieu of a capital stock account set up by mutual insurance companies to cover unforeseen losses sink·ing fund : a fund set
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