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Future Goods - Law Dictionary Search Results

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Bespeak

To speak or arrange for beforehand to order or engage against a future time as to bespeak goods a right or a favor

Credit

Credit, a transfer of goods in confidence of future payment; that side of an account or any item set down in favour of one party against anysums

rule against perpetuities

rule against perpetuities often cap R&P : a common-law rule stating that in order for a future interest to be good it must vest after its creation (as at the death of a testator) within … perpetuities often cap R&P : a common-law rule stating that in order for a future interest to be good it must vest after its creation (as at the death of a testator) within a life in being

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discount

to lend money on after deducting a discount [banks negotiable instruments] 3 : to take into account (a future event or prospect) in making present calculations vi : to give or make discounts [dis-kant] adj 1 a … prospect) in making present calculations vi : to give or make discounts [dis-kant] adj 1 a : selling goods or services at a discount [a broker] b : offered or sold at a discount [ securities] 2

commodity

class of economic goods ;esp : an item of merchandise (as soybeans) whose price is the basis of futures trading

interest

right to the use and benefit of property [a beneficial interest in the trust] contingent interest : a future interest whose vesting is dependent upon the occurrence or nonoccurrence of a future event compare vested interest in … to a breached contract in receiving the benefit of the bargain by being put in a position as good as that which would have resulted had the contract been performed called also expectancy interest compare reliance interest

Property

debt or any right to receive payment of money, whether secured or unsecured, (iv) receivable, whether existing or future; (v) intangible assets, being know-how, patent, copyright, trade mark, licence, franchise or any other business or commercial right … this may carry its ordinary meaning of the subject-matter of ownership. But elsewhere, as in the sale of goods it may be used as a synonym for ownership and lesser rights in goods, Dictionary of Commercial Law

Tax stradle rule

a tax-payer may not defer on tax liability by investing a short-term capital gain in a commodities for future option i.e., investment vehicles whose values formerly did not have to be recorded at the end of the … the appearance of a loss in the current tax year, Black's Law Dictionary, 7th Edn., p. 1475. Means good other than those specified in Sch. A. [West Bengal Value Added Tax Act, 2003, s. 2(47)]

order

Doe] see also money order, negotiable instrument b : an instruction or authorization esp. to buy or sell goods or securities or to perform work [a purchase ] [a work ] alternative order : an order to … by buying or selling) are set forth open order 1 : an order to buy securities or commodity futures that remains effective until filled or canceled 2 : an order for merchandise expressed in very general terms

warrant

of an affidavit showing probable cause that there will be certain evidence at a specific location at a future time called also anticipatory warrant arrest warrant : a warrant issued to a law enforcement officer ordering the … to give a warranty (as of title) to b : to protect or assure by warranty [the ed goods] [an assignor is not liable for defaults of the obligor and does not his solvency "Restatement (Second) of

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