Fixed Costs - Law Dictionary Search Results

should be done within six months (s. 16). Examinations of persons intending to become solicitors are held as fixed by ss. 26 to 39, as amended by the 1936 Act, ss. 6, 7, and the regulations of … cannot sue for (although he may set off) (see Brown v. Tibbetts, 11 CBNS 855) his bill of costs until one month after its delivery in the manner prescribed by s. 65. He has a general lien

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 … Actual cost, The accepted accountancy rule for determining the cost of fixed assets is to include all expenditure necessary to

Keep your definitions linked to case research

Try free for 7 days See all features

marginal cost

cost of production as a result of producing one more unit of output since certain ovrhead costs are fixed the marginal cost is almost aways less than the total per unit cost of production averaged over all

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 … be offset by current repairs and is carried on company books as a yearly charge amortizing the original cost over the useful life of the property accelerated depreciation : the depreciation of property that was put into

conversion clause

is generally set at one of the rates then prevailing for fixed rate mortgages. There may be additional cost for this clause. Source: U.S. Department of Housing and Urban Development … conversion clause a provision in some ARMs allowing it to change to a fixed-rate loan at some point during the term. Usually conversions are allowed at the end of the first adjustment

mortgage

a mortgage having an interest rate which is usually initially lower than that of a mortgage with a fixed rate but which is adjusted periodically according to an index (as the cost of funds to the lender) … of a mortgage with a fixed rate but which is adjusted periodically according to an index (as the cost of funds to the lender) balloon mortgage : a mortgage having the interest paid periodically and the principal

overage

grossed by a retail store that is paid under the terms of a lease in addition to a fixed rent b : an amount by which a payment or cost exceeds an expected or budgeted amount c … of a lease in addition to a fixed rent b : an amount by which a payment or cost exceeds an expected or budgeted amount c : surplus

points

mortgage for $95,000, one point means you pay $950 to the lender. Lenders frequently charge points in both fixed-rate and adjustable-rate mortgages in order to increase the yield on the mortgage and to cover loan closing costs.

tax

tax [Medieval Latin taxare to assess for taxation, tax, from Latin, to assess, value, fix] 1 : to assess or determine judicially the amount of (costs of an action in court) 2 : to levy a...

‹ Prev
1
2
3
Next ›
Last »

Try the research workspace - 7 days free

Try free for 7 days