Profits - Law Dictionary Search Results
Vivum vadium, Vifgage or Living pledge
a person borrows money of another, and grants to him an estate to hold till the rents and profits shall repay the sum borrowed with interest. The estate is conditioned to be void as soon as the
Vir et uxor sunt quasi unica persona
person, and their heirs, A. and B. being one person taken a moiety only of the rents and profits, with a power to dispose only of one-half of the inheritance; and C., the third person, will take
Vested remainder
right of future enjoyment, i.e., an estate in pr'senti, to take effect in possession and pernancy of the profits in futuro, can transfer, alien, and charge it much in the same manner as an estate in possession,
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Use
man for the holdings of lands, that he to whose use the trust is made shall take the profits thereof, Tomlins. Use, in relation to narcotic drugs and psychotropic substances, means any kind of use except personal
Undivided shares in land
to take effect as equitable interests only in the net proceeds of sale and of the rents and profits of the entirety of the land until sale, while the legal estate must be held by trustees for
Trust for sale
them on trust for sale [s. 28 (1)]. Sub-s. (2) (ibid.) provides for the destination of rents and profits until sale, incidentally overruling Howe v. Lord Dartmouth, ubi sup., where that case would be applicable but without
Tithe Rent-Charge
which was called tithe from being the tenth part of the increase yearly arising and renewing from the profits of lands, the stock upon lands, and the personal industry of the inhabitants; the first species being usually
Reversion
or term of years absolute in which case there is an estate in possession of the rents and profits as well as in the freehold or leasehold reversion, which together may form a legal estate subject to
Tax
the excise or customs. Taxes may be laid on any one of the three sources of income (rent, profits, or wages); or a uniform tax on all of them, Smith's Wealth of Nat., b. 5, ch. ii.;
Suspense, Suspension
also a censure on ecclesiastical persons, during which they are forbidden to exercise their offices or take the profits of their benefices.
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