Fixed Rate - Law Dictionary Search Results
Home Dictionary Name: fixed rate Page: 2Assise of bread
Assise of bread, the fixed rate for the sale of bread. Long obsolete....
Dividend
Dividend, a share, the part allotted in division; the interest paid on the public funds; the share of profits of a company payable to each shareholder (see Articles 89 to 96 of Table A to Companies Act, 1929, and ss. 120-123 of the Companies Clauses Consolidation Act, 1845); a distributive share of a bankrupt's estate or on the winding-up of the company, of its assets.As to the liability upon a company in respect of a dividend when the warrant for it, having been duly posted, is lost in the post, see Thairlwal v. G.N. Ry., (1910) 2 KB 509l.Dividend means the share of the subscriber in the amount of discount available under the chit agreement for rateable distribution among the subscribers at each instalment of chit. [Chit Funds Act, (40 of 1982), s. 2(h)]Dividend, is a share of profits, whether at a fixed rate or otherwise, allocated to the holders of shares in a company, Henry v. Great Northern Rly. Co., (1857) 1 De G&J 606.'Dividend' in its ordinary connotations means the sum paid to...
rate
rate 1 : a fixed ratio between two things 2 : a charge, payment, or price fixed according to a ratio, scale, or standard: as a : a charge per unit of a commodity provided by a public utility b : a charge per unit of freight or passenger service see also joint rate c : a unit charge or ratio used in assessing property taxes 3 a : a quantity, amount, or degree of something measured per unit of something else b : an amount of payment or charge based on another amount ;specif : the amount of premium per unit of insurance rate vt ...
adjustable-rate mortgage (arm)
adjustable-rate mortgage (arm) a mortgage loan that does not have a fixed interest rate. During the life of the loan the interest rate will change based on the index rate. Also referred to as adjustable mortgage loans (AMLs) or variable-rate mortgages (VRMs). Source: U.S. Department of Housing and Urban Development ...
Fair rate
Fair rate, means the fair rate fixed under s. 39 and includes the rate as revised under s. 40. [Delhi Rent Act, 1995 (33 of 1995), s. 2(c)]...
Trade Boards
Trade Boards. The Trade Boards Act, 1909, as amended by the Trade Boards Act, 1918, applies to certain trades specified in the Schedule, and to such others as are brought within the Act by Order of the Board of Trade or by special Order of the Minister of Labour. The Board of Trade can establish Trade Boards with respect to such trades, and the Boards when established must fix minimum rates for both time work and piecework. Notice must be given of the minimum rates established, and such rates are obligatory on employers, who are placed under penalties if they fail to pay in accordance with such rates. s. 11 gives the constitution and proceedings of Trade Boards under this section:(1) The Board of Trade may make regulations with respect to the constitution of Trade Boards, which shall consist of members representing employers and members representing workers (in this Act referred to as representative members) in equal proportions and of the appointed members. Any such regulations may be...
Double the ordinary rate of wages
Double the ordinary rate of wages, by using the phrase 'double the ordinary rate of wages' the rule-making authority seems to us to have intended that the worker should be the recipient of double the remuneration which he, in fact, ordinarily receives and not double the rate of minimum wages fixed for him under the Act, Y.A momarde v. Authority, AIR 1972 SC 1721 (1726). [Madhya Pradesh Minimum Wages Rules (1951), s. 25(1)(b)]...
Expectant heir
Expectant heir. A person to whom property will accrue on the death of another person. expectant heirs wishing to anticipate this property have frequently borrowed money, to be repaid when the expected property shall devolve upon them. From the uncertainty of this period, the unsoundness of the security which the expectant heir can offer, and from the pressing character of his immediate necessities, the rate of interest is necessarily higher than that upon an ordinary loan, and is frequently very much higher than the risk run by the lender requires. At Common Law all such loans are good, and the interest upon them, however high, recoverable. By the Usury Acts, indeed-which, however, did not apply to loans to expectant heirs with any greater rigour than to loans to other persons'they were for a long period of yeas subject to the restriction that only a fixed maximum rate of interest could be exacted, but the Usury Acts were repealed in 1854 by 17 & 18 Vict. c. 90. See USURY.From very ear...
Usury
Usury, any reward taken for the use of money. Usura est commodum certum quod propter usum rei (vel 'ris) mutuat' recipitur; sed, secundario sperare de aliqua retributione, ad voluntatem ejus qui mutuatus est, hoc non est vitiosum. 5 Rep. 70.-(Usury is a certain benefit which is received for the use of a thing (or of money) lent; but, secondly, to hope for a certain return at the option of the party who borrowed, this is not vicious.) The term is usually applied to the taking of exorbitant interest, or of interest of a greater amount than is allowed by law. Eleven statutes, from 37 Hen. 8, c. 9, to 13 & 14 Vict. c. 56, fixing the legal rates of interest, were all repealed in 1854 by 17 & 18 Vict. c. 90, together with 'all 'the then' existing laws against usury,' but the interest which pawnbrokers (see that title) may take is still restricted bylaw, and the 109th Canon, including usury amongst other offences for which an offender may be presented, has not only not been expressly repealed...
Class rates
Class rates, means the rate fixed for a class of commodity in the classification. [Railways Act, 1989 (24 of 1989), s. 2 (5)]...
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