Incur - Law Dictionary Search Results

Fyrd-wite

Fyrd-wite, the fine incurred by neglecting to join the fyrd; one of the rights of the Crown, Anc. Inst.Eng.

local authority or statutory corporation. The amount of fee levied is supposed to be based on the expenses incurred by the Government or the agency in rendering the service though in many cases the costs are arbitrarily

Financial obligations

so construed it implies an obligation in the nature of an obligation in respect of loans and guarantees incurred or undertaken by the State, State of West Bengal v. Serajuddin Batley, AIR 1954 SC 193 (194). [Indian

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Fraudulent preferences

Fraudulent preferences. Every conveyances or tran-sfer of property or charge thereon made, every payment made, every obligation incurred, and every judicial proceeding taken or suffered by any person unable to pay his debts as they became

Fyht-wite

Fyht-wite, one of the fines incurred for homicide.

Income or net income

is gain derived from capital or labour or both. Net income is income obtained after deducting all expenses incurred for the purpose of earning the income. It is income minus operating expenses, D.C.M. v. S. Paramjit Singh,

Impotence

A marriage is void if, at the time of the celebration, either of the parties to it is incurably impotent, and may be declared void by a decree in a suit of nullity of marriage. See NULLITY

Income statement

Income statement, means a statement of all the revenues, expenses, gains, and losses that a business incurred during a given period, Black's Law Dictionary, 7th Edn., p. 768.

Insolvency

is not carrying on a trade except in respect of any contracts entered into, or debt or obligation incurred before 2nd August, 1935, if she was not then carrying on 'a trade [s. 125 of the (English)

Expenditure

money which has been actually paid out. It covers a liability which has accrued or which has been incurred although it may have to be discharged at a future date. However, a contingent liability which may have

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