Legal Capital - Law Dictionary Search Results

market economy and culture around the world, [Constitutionally Inscribed Social justice and Operationally Opposite Agenda in Practice in Legally Speaking, p. 77]. (Justice V.R. Krishna Iyer) … Globophilic capitalism, signifies the spreading of capitalist market economy and culture around the world, [Constitutionally Inscribed Social justice and Operationally

Trust for sale

a sole personal representative acting under his powers as such. Receipts by these discharge the purchaser of a legal estate from seeing to the application of the purchase money, but one trustee may act alone in all … wasting property must be sold and the proceeds invested in trustee or authorized investments with con-sequential attribution of capital and income among the beneficiaries according to their rights. Trusts for sale are to be distinguished from powers

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money

[mə-nēz] 1 : an accepted or authorized medium of exchange ;esp : coinage or negotiable paper issued as legal tender by a government 2 a : assets or compensation in the form of or readily convertible into … government 2 a : assets or compensation in the form of or readily convertible into cash b : capital dealt in as a commodity to be lent, traded, or invested [mortgage available from a lender] [the supply]

Net wealth tax

tax-payers, whether to residents or to non-residents, are deductible if their existence is established in conformity with the legal requirements. The usual test of deductibility, as applied by the Division of National Taxes, is whether or not … enacted in 1947. 'Taxable Wealth' has been defined at page 625 as follows: 'Taxable wealth consists of the capital value of the tax-payer's assets, as those are defined in the law, to the extent that this value

Execution of criminals

Execution of criminals, must be performed by the legal officer-the sheriff, or his deputy. The Common Law mode of execution is by hanging, which until 1868 took … of execution is by hanging, which until 1868 took place in public; but in that year the (English) Capital Punishment Amendment Act (31 & 32 Vict. c. 24), prescribed that the execution must take place within the

principal

and is actually or constructively present when it is committed c : the person primarily liable on a legal obligation or one who will ultimately bear the burden because of a duty to indemnify another as distinguished … another as distinguished from one (as an endorser, surety, or guarantor) who is secondarily liable 2 : a capital sum earning interest, due as a debt, or used as a fund [shall receive the income from the

Trust

the right, enforceable solely in equity, to the beneficial enjoyment of property to which another person holds the legal title; a property interest held by one person (trustee) at the request of another (the settlor) for the … lest two trustees ought rarely to be dispensed with, and in the case of receipts after 1925 of capital money by trustees for sale of land or upon sale by tenants for life or statutory owners of

Settled land

representative selling in course of administration or to persons of full age absolutely entitled to deal with the legal estate free from the settlement. The direction of investment lies with the tenant for life and the investments … and the investments may not be varied without his consent (s. 75 of the (English) S.L. Act, 1925); capital money and the investments representing it will devolve on the death of the life tenant in the same

Statutory trusts

for the persons entitled under the settlement, including incumbrancers of former undivided shares, or not secured by a legal mortgage, and where an undivided share was subject to a settlement and the settlement remains subsisting in respect … the settled portion of the proceeds of sale is to be handed over to the settlement trustees as capital money under the (English) Settled Land Act, 1925 (s. 35 of the Law of Property Act, 1925). By

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