Profit Sharing - Law Dictionary Search Results
Share
association of the Company, I.T. Commissioner v. Standard Vacuum Oil Co. Ltd., AIR 1966 SC 1393 (1397). [Business Profits Act, 1947, Schedule II, R. 2(1)] Share, is not a sum of money, it represents an interest measured … Share, a share is not a sum of money; it represents an interest measured by a sum of money
dividend
paid when due extraordinary dividend : a dividend declared in addition to a regular dividend because of unanticipated profits or a nonrecurring increase of revenue 2 : a share of the surplus earnings of a mutual insurance … part of corporate net earnings distributed usually periodically (as quarterly) to stockholders in the form of cash, additional shares, or property either as a set amount per share or a percentage of par value constructive dividend :
partner
more persons associated as joint principals in carrying on a business for the purpose of enjoying a joint profit : a member of a partnership ;specif : a partner in a law firm dormant partner : silent … partner : a partner who takes no active part in conducting the partnership business but who receives a share of its profits and whose existence is often not made public called also dormant partner
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Public authority
perform those duties and carries out its transactions for the benefit of the public and not for private profit, Halsbury's Laws of England, 3rd Edn., Vol. 30, p. 682. Means any authority or body established or con-stituted,-- … (ii) that there is a clear commercial objective in that it is concerned to make profits for its share-holders from its operations as an infrastructure company, (iii) that there was no obligation on the Railtrack Infrastructure Ltd.
mutual
Code"] 3 : of or relating to a plan whereby the members of an organization share in the profits and expenses ;specif : of, relating to, or taking the form of an insurance method in which the … : reciprocal [ orders of protection in domestic violence cases "L. H. Schafran and Norman Wikler"] 2 : shared in common : joint [spouses' obligation to support children of their marriage "Louisiana Civil Code"] 3 : of
Revenue
Revenue, income, annual profit received from land or other funds; also money at the disposal of the Crown, i.e., the executive. The … certain managed enter-prises, such as the Post Office, and Lands, Woods and Forests and miscellaneous holdings such as shares in the Suez Canal, and other profits or fiscal prerogatives of the Crown. See Halsb. Encycl. Laws of
Income-tax
occupation of land or houses, etc., (C) dividends from stocks or shares, (D) professional or trade earnings or profits, and any profit not included in the four previous classifications, and (E) official and other salaries. The Acts … ownership of land or houses, etc., (B) occupation of land or houses, etc., (C) dividends from stocks or shares, (D) professional or trade earnings or profits, and any profit not included in the four previous classifications, and
Dividend
of a sum divided that falls to each individual a distribute sum share or percentage applied to the profits as appropriated among shareholders and to assets as apportioned among creditors as the dividend of a bank a … A sum of money to be divided and distributed the share of a sum divided that falls to each individual a distribute sum share or percentage applied to the
Fishing boats
the Merchant Shipping Act, 1894 (57 & 58 Vict. c. 60, Part IV.); Chit. Stat., tit. 'Shipping.' If profit-sharing, they may be excluded from the Workmen's Compensation Act, 1925: see s. 35(2).
order
in section 414 of the Internal Revenue Code for the payment of all or part of individual pension, profit sharing, or retirement benefits usually to a divorcing spouse (as for alimony or child support) NOTE: The alienation or
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