Main Yard - Law Dictionary Search Results
Home Dictionary Name: main yardMain yard
The yard on which the mainsail is extended supported by the mainmast...
Yard
Yard [fr. geard, Sax.], an enclosed space of ground, generally attached to a dwelling-house, etc. Also a measure of three feet, or thirty-six inches, in length. (see Weights and Measures Act, 1878, s. 10)...
age of majority
age of majority :the age at which a person is granted by law the rights (as ability to sue) and responsibilities (as liability under contract) of an adult compare emancipate NOTE: At common law, the age of majority was 21. Age of majority is now set by statute, in most states at 18. The age at which a person may perform various acts, as legally drink alcoholic beverages, make a binding contract, or make a valid will, does not necessarily correspond with the age of majority. ...
majority
majority pl: -ties 1 a : legal age b : the status of one who has reached legal age 2 a : a number or quantity greater than half of a total compare plurality b : the excess of a majority over the remainder of the total 3 a : the group or political party whose votes predominate b : the judges voting in a particular case who together determine the prevailing decision see also majority opinion at opinion compare dissent majority adj ...
Mainly
Mainly, 'mainly' should be interpreted as 'solely'. 'Solely' means 'exclusively' while 'mainly' means 'substantially', but not in any case 'wholly' or 'solely'. Himachal Road Transport Corporation v. M/s. Bhanno Mull, AIR 1992 HP 37 (45). [Himachal Pradesh Urban Rent Control Act, (23 of 1971), s. 2(d)(i)]The word 'mainly', according to the ordinary plain meaning, means substantially, principally, chiefly, as far as practicable' or so far as possible, Swaran Lata v. Union of India, (1979) 3 SCC 165 (178): (1979) 2 SCR 953....
Distributing main
Distributing main, S. 2(18) 'distributing main' means the portion of any main with which a service line is or is intended to be, immediately connected. [Electricity Act (36 of 2003), s. 2 (18)]...
Majority
Majority. 1. The full age of 21 years; a minor comes of age in the eye of the law on the day preceding the anniversary of his birth. 2. The grater number. In a deliberative body, questions are ordinarily decided by a majority of those present at a meeting and voting, provided that the whole number present be not less than a certain quorum (see QUORUM) of the whole body. See, e.g., Local Government Act, 1933, s. 75, and Parts I. to V. of the Third Schedule thereto. See MEETING, and as to restrictions upon the powers of a company exercised by a majority in general meeting, see Re Hoare & Co. Ltd., 150 LT 374....
Main Pot
Main Pot : a step in calculating tax liability under Internal Revenue Code section 1231 in which all qualified transactions are netted to determine if the result is a loss or gain called also Big Pot Hodge Podge hotchpot; compare casualty pot NOTE: The transactions netted in the Main Pot are as follows: casualties in the Casualty Pot if they have netted a gain; sales, exchanges, or condemnations of depreciable or real property used in a business for more than one year; and condemnations of capital assets held for more than one year in connection with a trade or business or transaction entered into for profit. If the net result is a gain, then the transactions are treated as long-term capital gains and losses. ...
majority leader
majority leader : a leader of the majority party in a legislative body ...
majority shareholder
majority shareholder : a shareholder who alone or in combination with others controls a majority of the outstanding shares in a corporation ...
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