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Crossed cheques

is lost, since it can only be paid through a banker, and moreover postpones in some measure the payment until the clearing hours in the afternoon. See Bills of Exchange Act, 1882 (45 & 46 Vict. c.

Employer

(32 of 1966), s. 2(g)] --the meaning assigned to it in clause (f) of s. 2 of the Payment of Gratuity Act, 1972. [Equal Remunera-tion Act, 1976 (25 of 1976), s. 2 (c)] In relation to a

Interest

consideration. See BIAS. (5) Interest is compensatory in character and is imposed on an assesses who has withheld payment of any tax as and when it is due and payable. The levy of interest is geared to

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Leave to defend

(English) R.S.C. 1883, Ord. III., r. 6, as amended by (English) R.S.C. 1933, in respect of forfeiture for non-payment of rent, it is provided that in all actions where the plaintiff seeks merely to recover a debt

Fee

fact that a tax is levied as a part of a common burden, while a fee is a payment for a special benefit or privilege, Commissioner, Hindu Religious Endowments, Madras v. Lakshmindra Thirtha Swamiar of Shirur Mutt,

Regularly

the word 'regularly' in clause (b) of s. 12(3) has a significance of its own. It enjoins a payment or tender characterised by reasonable punctuality, that is to say, one made at regular times or intervals. The

Money Bill

'That passes freely from hand to hand throughout the community, in the final discharge of debts and full payment for commodities; being accepted equally without reference to the character or credit of the person who offers it,

National insurance

persons employed by their parents, persons wholly maintained by their employer, if, in each case, employed without money payment. (c) Husband or wife employed by his or her spouse. (d) Persons casually employed, but not persons so

Pawn or Pledge

taken in execution in an action against the pawnor, at least, not unless the bailment is terminated by payment of the debt, or by some other extinguishment of the pawnee a title, except in case of the

Power of Attorney

according as they are given for valuable consideration or not. See REVOCATION OF AGENCY. No person making any payment or doing any act bon' fide under or in pursuance of any power of attorney is liable for

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