Long Run - Law Dictionary Search Results
Expectant heir
to loans to expectant heirs with any greater rigour than to loans to other persons'they were for a long period of yeas subject to the restriction that only a fixed maximum rate of interest could be exacted, … is necessarily higher than that upon an ordinary loan, and is frequently very much higher than the risk run by the lender requires. At Common Law all such loans are good, and the interest upon them, however
bond
of a series of bonds maturing periodically rather than on a single maturity date Treasury bond : a long-term government bond issued by or under the authority of the U.S. Treasury compare Treasury bill at bill Treasury … on property compare debenture municipal bond : a bond issued by a municipality to fund the expenses of running the government or of specific programs or projects registered bond : a bond registered in the name of
Motor vehicle
does not carry passengers or goods does not means that it crease to be a motor vehicle. So long as it is a vehicle, which is mechanically propelled, and is adapted for use on roads, it is … chassis to which a body has not been attached and a trailer; but does not include a vehicle running upon fixed rails or a vehicle of a special type adapted for use only in a factory or
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Public servant
in respect of whom the Constitution provides that he will get his salary from the Government Treasury so long he holds his office on account of the public service that he discharges. The salary given to the … the Criminal Law (Amendment) Act, 1958, twelfth clause was inserted in s. 21 of the Penal Code, which runs as follows: Twelfth. - Every officer in the service or pay of a local authority or of a
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