Net Sales - Law Dictionary Search Results
surplus
receipts over disbursements c : the value of assets after subtracting liabilities 2 : an excess of the net worth of a corporation over the par value of its capital stock compare undivided profits capital surplus : … deducting losses, distributions to stockholders, and transfers to capital stock accounts paid-in surplus : surplus resulting from the sale of stock at amounts above par
Uses
separate use; and so of a trust to permit and suffer a party to receive and take the net rents and profits. (4) A second use, or a use upon a use. The Common Law judges determined … uses. When the use involves a direction to sell the estate and then divide the proceeds of the sale or to pay debts, or to pay over the profits, or to convey to a child on attaining
reserve
may have already occurred policy reserve : an insurance company's reserve representing the difference in value between the net premiums and assumed claims for a given year in life insurance unearned premium reserve : a reserve of … : with a reserve price and with a seller reserving the right to reject all bids NOTE: A sale at auction is with reserve if there is no explicit indication to the contrary. without reserve : without
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Tea
1926 (16 & 17 Geo. 5, c. 63), makes it an offence to sell tea otherwise than by net weight and in multiples of ounces and pounds. Tea was first taxed in 1660 (12 Car. 2, c. … Group Ltd. v. State of West Bengal, 1995 Supp (1) SCC 707. [Tea Act, 1953, s. 3(n)] The Sale of Food (Weights and Measures) Act, 1926 (16 & 17 Geo. 5, c. 63), makes it an offence
Carry over
the contract. This payment is called a 'backwardation,' or shortly a 'back.' An income-tax deduction (esp. for a net operating loss) that cannot be taken entirely in a given period but may be taken in a later … Stock Exchange to denote the process of postponing the completion of a contract, either for the purchase or sale of stocks or shares, to a later date than that originally fixed. When this happens the buyer usually
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