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Workmen's Compensation Act

costs (Workmen's Compensation Act, 1925, s. 25). Compensation is not payable for an injury which does not disable the workman for

Days of grace

(i.e., a bill of exchange or promissory note) 'is not payable on demand, the day on which it falls due is

Contribution

(43 of 1961), s. 80C(8)(ii)] Means the sum of money payable to the corporation by the principal employer in respect of

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Basic wages

of the contract of employment and which are paid or payable in cash to him, but does not include-(i) the cash

Fines in copyholds

2, c. 24, s. 6, is a sum of money payable by custom to the lord. There are three classes of

Tax, interest and penalty

tax, interest and penalty are three different concepts. Tax becomes payable by an assessee by virtue of the charging provision in

Re-exchange

being dishonoured in a foreign country in which it was payable. The existence and amount of it depend on the rate

Payee

bill of exchange or promissory note or cheque is made payable; he must be named or otherwise indicated therein, with reasonable

Negotiation by delivery

s. 58, a promissory note, bill of exchange or cheque payable to bearer is negotiable by delivery thereof. Exception.--A promissory note,

Instalment

When a debt is divided into two or more parts, payable at different times, each part is called an instalment, and

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