Gross Profit - Law Dictionary Search Results

the classification is not satisfactory. Incorporeal hereditaments may be either appendant, as seigniories; appurtenant as easement; or in gross, as rent charges. Rights of common and profits a prendre may be either appendant or appurtenant or in … they mean the same thing as land), and incorporeal, which are not tangible, and are the rights and profits annexed to, or issuing out of, land. It includes money held in trust to be laid out in

deduction

Code in the Important Laws section compare credit, exclusion, exemption busi·ness deduction : a deduction usually taken from gross income that is allowed for losses or expenses attributable to business activities or to activities engaged in for … income that is allowed for losses or expenses attributable to business activities or to activities engaged in for profit charitable deduction : a deduction allowed for a contribution to a charity usually that is qualified under the

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Profit a prendre

Matched in: Term Profit a prendre

National insurance

British owned or registered ship when the person employed is remunerated by a share in the profits or gross earnings of the vessel. (h) Service in H.M. Forces. The Acts contain special provisions governing these contributors. The … on a British owned or registered ship when the person employed is remunerated by a share in the profits or gross earnings of the vessel. (h) Service in H.M. Forces. The Acts contain special provisions governing these

above

or superior in rank or authority [the court ] above the line : in calculations that yield adjusted gross income or profit adj : written or discussed higher on the same page or on a preceding page

Advowson

on Advowsons, pp. 1-6. There are several kinds of advowsons, viz.:-- (I.) Presentative advowsons, subdivided into, Appendant. In gross, and Partly appendant, and partly in gross. (II.) Collative advowsons. (I.) A presentative advowson appendant is a right … one church is extinguished; and though the incumbency of the churches is united, the tithes, boundaries, moduses, and profits continue as before, for there can be no union of parishes though there be of churches. As to

Insurance

5 QBD 560), by which the insurer, in consideration of a certain premium received by him in a gross sum or by annual payments, undertakes to indemnify the assured against all loss or damage to houses or … Lucena v. Crauford (1806), 3 Bos & P 75; 2 Bos & PNR 269; a mere hope of profit is not insurable (ibid.). see also the (English) Assurance Companies (Gambling Policies) Act, 1909, as to marine policies.

Common

same common field, to turn out their cattle after harvest, to feed promiscuously in that field. (d) In gross or at large, which is neither appendant nor appurtenant to land, but is annexed to a man's person … Common, a profit which a man has in the land of another; it derives its name from the community of interest

loss

insurer under the terms of the policy NOTE: As a general rule, economic losses are deductible from adjusted gross income under section 165 of the Internal Revenue Code. There are, however, numerous exceptions and limitations. actual loss … : an amount by which the cost of something (as goods or services) exceeds the selling price compare profit c : something unintentionally destroyed or placed beyond recovery d : the amount of an insured's financial detriment

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