Minimum - Law Dictionary Search Results
Home Dictionary Name: minimumMinimum wage
Minimum wage. The Trade Boards Act, 1909, established for the first time a minimum wage in certain trades. The (English) Coal Mines (Minimum Wage) Act, 1912, made provision for the settlement of minimum rates of wages for workmen employed underground in coal mines. The principle has been extended to many industries during the war and after, and to agriculture by the Corn Production Act,1917 (repealed). See TRADE BOARDS.In relation to any area, means to minimum wage fixed by the State Government under s. 3 of the Minimum Wages Act, 1948 (11 of 1948) for agricultural labourer as applicable in that area [National Rural Employment Guarantee Act, 2005 (42 of 2005), s. 2(h)]...
minimum contacts
minimum contacts : the level of a nonresident defendant's connection with or activity in a state that is sufficient under due process to support the assertion of personal jurisdiction under a long-arm statute see also doing business statute, fair play and substantial justice International Shoe Co. v. Washington in the Important Cases section NOTE: In most cases, minimum contacts are shown by continuous and purposeful contact with the state usually for business purposes. Once the minimum contacts requirement is met, the court must determine that the contacts are sufficient so that the assertion of jurisdiction will not offend the traditional notions of fair play and substantial justice. ...
Minimum subscription
Minimum subscription is the minimum cash to be raised by the issue of shares offered to the public for subscription. This must be stated in the prospectus and application sums therefor received before allotment of shares. The amount includes the minimum required, in the opinion of directors, for property to be bought by the proceeds of issue, preliminary expenses, if any repayment of loans for those purposes and working capital; see (English) Companies Act, 1929, s. 39 and 4th Sched...
Optima est lex quae minimum relinquit arbitrio judicis, optimus judex qui minimum sibi
Optima est lex quae minimum relinquit arbitrio judicis, optimus judex qui minimum sibi. [* Also termed a 'Speech'] The best law is that which leaves the least to the discretion of the judge, the best judge is he who leaves the least to himself (his own discretion)....
Optima est lex que minimum relinquit arbitrio judicis; optimus judex qui minimum sibi
Optima est lex que minimum relinquit arbitrio judicis; optimus judex qui minimum sibi [Lat.], that law is best which confides as little as possible to the discretion of a judge; that judge the best who trusts as little as possible his own judgment...
alternative minimum tax
alternative minimum tax : a federal tax that prevents a person or entity (as a corporation) with taxable income from avoiding tax liability and that imposes tax liability in the amount of the excess of the tentative minimum tax over regular tax liability see also tax preference item ...
tentative minimum tax
tentative minimum tax : a tax that to the extent it exceeds regular tax liability is the alternative minimum tax liability and that is determined by adjusting taxable income by adding tax preference items under Internal Revenue Code section 57 and subtracting an exemption amount under section 55 ...
minimum wage
minimum wage : a wage fixed by contract or esp. by law as the least that may be paid either to employees generally or to a particular category of employees compare scale ...
Semper inobscuris quod minimum est sequimur
Semper inobscuris quod minimum est sequimur. D. 50, 17, 9, (In obscure constructions were always adopt that which is least obscure.]...
annuity
annuity pl: -ities [Medieval Latin annuitas, from Latin annuus yearly] 1 : an amount payable at regular intervals (as yearly or quarterly) for a certain or uncertain period 2 : the grant of or the right to receive an annuity [his will included annuities for several old friends] 3 : a contract (as with an insurance company) under which one or more persons receive annuities in return for prior fixed payments made by themselves or another (as an employer) annuity cer·tain pl: annuities certain : an annuity payable over a specified period even if the annuitant dies annuity due pl: annuities due : an immediate annuity in which the payment of the benefits is made at the beginning of each payment interval rather than at the end contingent annuity : an annuity whose starting or ending date depends on the occurrence of an event (as the death of the annuitant) whose date is uncertain con·ven·tion·al annuity : an annuity under which the annuitant receives a specified...
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