Ordinary And Necessary Expense - Law Dictionary Search Results
ordinary and necessary expense
Matched in: Term ordinary and necessary expense
employment expenses
employment expenses Ordinary and necessary expenses necessary to perform the duties for which an employee was hired. … employment expenses Ordinary and necessary expenses necessary to perform the duties for which an employee was hired.
expense
Matched in: Term expense
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ordinary and necessary business expense
Matched in: Term ordinary and necessary business expense
Debt
obsolete. See PLEADINGS. The order of the payment of debts and expenses out of legal assets in an ordinary administration action in the Chancery Division of the High Court is as follows:- 1. Funeral expenses, which in … is as follows:- 1. Funeral expenses, which in the case of an insolvent estate must be strictly reasonable and necessary only, the executor or administrator being personally liable for any excessive expenditure. What is a strictly reasonable and … now obsolete. See PLEADINGS. The order of the payment of debts and expenses out of legal assets in an ordinary administration action in the Chancery
capitalize
convert into capital [ the company's earnings] b : to treat as a capital expenditure rather than an ordinary and necessary expense [the cost of the merger must be capitalized] 2 a : to compute the present value of (an
Salvage
their possible service being pledged to the master and owners. Neither are passengers entitled to anything for the ordinary assistance they may have afforded a vessel in distress. But a passenger is not bound to remain on … sum to be paid, adjusts the proportions, and takes care of the property pending the suit; or, if necessary, directs a sale and divides the proceeds between the salvors and the proprietors. In fixing the rate of … (2) of the Act of 1894, 'salvage' in that Act 'includes all expenses properly incurred by the salvor in the performance of the salvage services.'
Negligence
of negligence entailing liability measured by the degree of care undertaken or required in each case, i.e., (1) ordinary, which is the want of ordinary diligence; (2) slight, the want of great diligence; and (3) gross, the … has distinct meanings in different jurisdictions. In Torts, damage is an essential ingredient, but that element is not necessary in the law of master and servant. In criminal law there are a series of offences based on … children among dependants, and damages may be awarded in respect of funeral expenses. This Act has to a great extent revolutionized the application of the
Agricultural Holdings Act, 1923
not distrain for rent which became due more than one year before making the distress, unless by the ordinary course of dealing between the landlord and tenant the payment has been deferred until the expiration of a … which terms take the place of the statutory compensation. (2) Drainage.'For this, written notice to the landlord is necessary not more than three nor less than two months before beginning to execute the improvement. Terms of compensation … or more of the above reasons. The compensation is such loss or expense as is directly attributable to the quitting of the holding as the
Pawn or Pledge
will thereby be exposed to extraordinary perils, there the use is impliedly interdicted. The pawnee is liable for ordinary neglect in keeping the pawn. He must return the pledge and its increments, if any, after the debt … are deemed sufficient to pass the possession of property, as the key of a warehouse. As possession is necessary to complete the title, so by the Common Law the title determines if the pledgee lose the thing … the concoction of the contract. The pawnor must reimburseto the pawnee all expenses and charges which have been necessarily incurred by the latter in the
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