Payment - Law Dictionary Search Results
Act of Bankruptcy
the debtor gives notice to any of his creditors that he has suspended or is about to suspend payment of his debts. A bankruptcy commences at the actual time of day on which an act of bankruptcy
Account stated
infant is void. The expression 'account stated' has more than one meaning. It sometimes means a claim to payment made by one party and admitted by the other to be correct. There is, however, a second kind
Accounting year
Accounting year, means-(i) in relation to a corporation, the year ending on the day on which the books and accounts of the corporation are to be closed and balanced; (ii) in relation to a company, the...
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Accumulation
had not been directed (s. 1). The s. (164), however, does not extend to any provision-- (1) For payment of the debts of the grantor, or other persons. See Re Heathcote, (1904) 1 Ch 826; or (2)
Acknowledgment of debt or liability
acknowledgment necessary in any particular case depends on the terms of the relevant statute. An acknowledgment or part payment after the statutory period will not revive a barred claim to land under s. 34 of the (English)
Acquintance
a document by which one is discharged from a debt or other obligation, a receipt or release indications payment in full, Black Law Dictionary, 7th Edn., p. 24. Acquittance is a discharge in writing of a sum
Account or Accompt
accounts when they were mutual, i.e. where there existed a series of expenditures on one side, and of payments on the others, and not merely one payment and one receipt, and also where the account was on
Episcopalia, or onera episcopalia
Episcopalia, or onera episcopalia, synodals or other customary payments from the clergy to their bishop or dioceasan, which were formerly collected by the rural deans, and by
Current assets
such as, stock-in-trade, amounts due from sundry debtors for sale of goods and for services rendered, advance tax payments and bills receivable, but does not include sums credited to a provided fund, a pension fund, a gratuity
Dairy
5, c. 51), as extended by 26 Geo. 5 & 1 Edw. 8, c. 9, providing for exchequer payments in aid of a minimum price to producers, and Milk Marketing Boards under the (English) Agricultural Marketing Act,
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