Payment - Law Dictionary Search Results
trustee in bankruptcy
is vested for the benefit of the creditors and who administers the property for the purpose of making payments to the creditors according to the priority of their claims: as a : the trustee in a chapter
Alimony
decree. Alimony is within the exclusive jurisdiction of the Probate and Divorce Division. The Court may direct its payment either to the wife herself or to a trustee on her behalf. The (English) Judicature Act, 1925 (15
Clayton's case
Clayton's case. 1 Mer. 572. The rule in this case is that payments are presumed, prima facie, to be appropriated to debts in the order in which they are incurred, but
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Post-obit Bond
Post-obit Bond. A bond, conditioned to be void on the payment by the obligor of a sum of money upon the death of another person. in most cases the
Mahr (dower)
(mahr) upon the wife as a necessary effect of marriage. To use the language of the Hedaya, 'the payment of dower (mahr) is enjoined by the law merely as a token of respect for its object (the
Poinding
diligence (process) which the law has devised for transferring the property of the debtor to the creditor in payment of his debt.' It is either real or personal; not that any inheritance is conveyed by a poinding,
Penalty
8 CP p. 73, per Keating, J. The words are not conclusive; the essence of penalty is a payment stipulated as in terrorem of the offending party: the essence of liquidated damages is a genuine covenanted pre-estimate
Pay and pay scale
services rendered by an employee and is the remuneration which is payable to him. Remuneration is the recurring payment for services rendered during the tenure of employment. Pay and salary are necessarily not interchangeable concepts. Their meanings
Pawnbroker
who has pawned the stolen property, an order can be made on the pawnbroker for its restitution upon payment of the loan; but if such order is not made on the application of the owner, he is
Paid
is that the latter necessarily involves the idea of division between several persons which is the same as payment to several persons, Punjab Distilling Industries Ltd. v. C.I.T., AIR 1965 SC 1862: (1965) 3 SCR 1. The
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