Itemization - Law Dictionary Search Results

commercial unit

commercial unit : an item or group of items defined under section 2-105 of the

forfeited to the public treasury compare criminal forfeiture NOTE: Illegal items such as narcotics or firearms, or profits from the sale

or relating to a method of valuing inventories by which items in the lot first received are assumed to be issued

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income : all income derived from any source except for items specifically excluded by law NOTE: Section 61 of the Internal

clause in an agreement providing that the buyer accepts the item for sale in its presently existing condition without modification or

moved see also immovable property at property n : an item of immovable property (as land, standing timber, or a building)

or relating to a method of valuing inventories by which items from the last lot received are assumed to be sold

: capable of being moved or moveable n : an item of movable property ;also : a right or interest (as

the seller extends credit to the buyer to purchase the item and takes a security interest in the item with the

a wrongful refusal by a payor bank to honor an item that is properly payable [a payor bank is liable to

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