Present Value - Law Dictionary Search Results
Insurance
63, and to 30 Vict. c. 23, both of them Revenue Acts. The policy was settled in its present form in 1779, but most of its provisions are of much earlier date. Many of the insurance companies … overboard, cut loose an anchor and cable, or cut away his masts, the loss is distributed over the value of the ship and cargo as general average. (b) Particular average comprehends all loss occasio-ned to ship, freight,
Magna Carta
chapter is a confirmation of liberties in these words:-'First, we have granted to God, and by this our present charter have confirmed for us and our heirs for ever, that the Church of England shall be free … and inroll all the goods and chattels of the dead, being found in the said lay-fee, to the value of the same debt, by the sight of lawful men, so that nothing there of shall be taken
Copyhold
are common usage and existence time out of mind. No copyhold estate can, therefore, be created at the present day. Copyhold customs are divided into two species:'(1) General, which extend to all manors in which there are … practice as to the payment of the fine on the admittance of joint tenants in this: two years' value is paid for the first life, half of that on the second, and a half of that half
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Valor beneficiorum
tenths are collected and paid. It is commonly called the King's books, by which the clergy are at present rated, 2 Steph. Com. … Valor beneficiorum, the value of every ecclesiastical benefice and preferment, according to which the first-fruits and tenths are collected and paid. It
Consummation
before they can be transformed into consumers' goods. At every such intermediate stage of production, some utility or value is added to goods which are used as raw materials and at every such stage the raw materials … in a national museum does not destroy it nor does he use it himself for the purposes of presenting it to the museum. But he is a consumer. In the same way, a man who purchases goods
Consumption and use
before they can be transformed into consumers' goods. At every such intermediate stage of production, some utility or value is added to goods which are used as raw materials and at every such stage the raw materials … in a national museum does not destroy it nor does he use it himself for the purposes of presenting it to the museum. But he is a consumer. In the same way, a man who purchases goods
Person
and a local authority and every artificial juridical person not falling within any of the preceding description. [Maharashtra Value Added Tax Act, 2002, s. 2(17)] Person, includes company or association or body of individuals, whether incorporated or … or thing; an individual having a specified kind of bodily appearance, the body of a human being as presented to public view usually with its appropriate coverings and clothing; a living individual unit; a being possessing or
discount
a discount [banks negotiable instruments] 3 : to take into account (a future event or prospect) in making present calculations vi : to give or make discounts [dis-kant] adj 1 a : selling goods or services at … discount : a reduction made from the gross amount or value of something: as a : a reduction made from a regular or list price or a proportionate deduction
Basic wages
of employment and which are paid or payable in cash to him, but does not include-(i) the cash value of any food concession; (ii) any dearness allowance (that is to say, all cash payments by whatever name … payable to the employee in respect of his employment or of work done in such employment; (iii) any presents made by the employer. [Employees' Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), s. 2 (b)]
Winding-up
157-162; see CONTRIBUTORIES. Debts and claims of all kinds require to be proved and if not of certain value to be estimated justly (s. 261). If the company is insolvent, the rights of secured and unsecured creditors, … FRAUDULENT PREFERENCE) are avoided by s. 265, the commencement of the winding-up being deemed to correspond with the presentation of a bankruptcy petition (for the date of commencement of a winding-up by the Court, see s. 175;
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