Privileged Debts - Law Dictionary Search Results
Life-rent
of its members was reduced below the legal minimum; in certain matters pertaining to the law of taxes, debts, duties and stamps, particularly where the question of the 'controlling interest' is in issue; in the law relating … companies are in the relationship of holding and subsidiary (or subsidiary) companies; where a shareholder has lost the privilege of limited liability and has become directly liable to certain creditors of the company on the ground that,
Tail
his entailed estates, and in that case it passes to his personal representatives and is liable for his debts. (4) It might have been lost by escheat; by forfeiture for treason or felony (but such forfeiture is … of Property Act, 1925, s. 176; see infra] This estate or equitable interest possesses the follow-ing incidents and privileges:- (1) It was like a fee-simple formerly subject to curtesy and dower (if not barred); see now s.
Lien
It must not be inconsistent with the express terms or the clear intent of the contract. (2) The debts or claims to which a lien properly attaches. It attaches only to certain and liquidated demands, and not … lien for freight. The Civil Law derived its own lines, whether they were pledges or hypothecations, or simple privileges, from similar sources. The following is an analysis of the mode in which the law on this subject
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Financial Institution
regard to its business activity and the area of its operation in India by notification, specify. [Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (51 of 1993), s. 2 (h)] Financial institution means: (i) … 1993 (51 of 1993); (iii) the International Finance Corporation establi-shed under the International Finance Cor-poration (Status, Immunities and Privileges) Act, 1958 (42 of 1958); (iv) any other institution or non-banking financial company as defined in clause (f)
Hypothecation
service, who have a claim against the ship in rem. But these are rather cases of liens or privileges than strict hypo-thecations. There are also cases where mortgages of chattels are held valid, without any actual possession … Sand. Just; Sith's dict. of Antiq., tit. 'Pignus'], the act of pledging a thing as security for a debt or demand without parting with the possession. There are few cases, if any, in our law where an
Arrest
Car. 2, c. 2), which is amended and enforced by 56 Geo. 3, c. 100. A person is privileged from civil arrest whilst in or whilst going to or from a Court of Law on business. Power … The law of civil arrest (see MESNE PROCESS), so far as it still exists, is regulated by the Debtors Act, 1869 (see that title),which abolished imprisonment for debt except in special cases, as where a debtor has
Money of account, money of measurement money of payment
s. 1 (2).] With respect to these bills, the House of Commons are so reasonably jealous of their privilege of imposing new taxes upon the subject, that they will not suffer the House of Lords to exert … following subjects, namely, the imposition, repeal, remission, alteration or regulation of taxation; the imposition, for the payment of debt or other financial purposes, of charges on the Consolidated Fund, or on money provided by Parliament, or the
Action
any form whether by way of recommendation or finding or 'in any other manner', e.g., granting licenses or privileges, awarding contract, distributing Government land under statutory Rules or otherwise or withholding decision on any matter etc., State … were formerly three classes of actions in England: personal actions, in which the plaintiff sought to recover a debt or damages from the defendant; real actions, in which he sought to establish his title to land or
property
tenancy com·mu·ni·ty property : property held jointly by husband and wife ;specif : property esp. from employment and debts acquired by either spouse after marriage that is deemed in states having a community property system to belong … fixtures permanently attached to the land or a structure on it ;also : an interest, benefit, right, or privilege in such property called also immovable property separate property : property of a spouse that is not community
Copyhold
lord's licence he may lease for any number of years. (8) Copyholds are liable to all sorts of debts, by 3 & 4 Wm. 4, c. 104, and the (English) Judgments Act, 1838 (1 & 2 Vict. … (if any) to mines, minerals, limestone, clay, stone and gravel pits or quarries; also rights, franchises, royalties, or privileges of the lord in respect of fairs, markets, chase, warren, fishery or other rights of shooting, fishing, hunting
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