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Profits - Law Dictionary Search Results

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Insurance

or joint-stock companies, who under-take to pay fixed sums upon the death of indi-viduals insuring with them; the profits made by such companies being wholly divided among the proprietors. The second class are also corporations, or joint-stock

renegotiate

adjust interest rates or repayments) ;specif : to determine under statutory procedure the existence and amount of excess profits on (a government contract) in order to eliminate or obtain a refund of such profits vi : to

National insurance

on a British owned or registered ship when the person employed is remunerated by a share in the profits or gross earnings of the vessel. (h) Service in H.M. Forces. The Acts contain special provisions governing these

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Occupation

Pai Foundation v. State of Karnataka, (2002) 8 SCC 481. It does not necessarily indicate the idea of profit. A man may have an occupation from which he does not get any profit, and never intends to

Charitable purpose

object of general public utility without the additive words 'not involving the carrying on of any activity for profit', Additional Commissioner of Income Tax v. Surat Art Silk Cloth Manufacturers Association, Surat, (1980) 2 SCR 77: (1980)

Easement

certain other land not his own. [Easement Act, 1882 (5 of 1882), s. 4] Easement, a privilege without profit which the owner of one neighbouring tenement hath of another, existing in respect of their several tenements, by

Dealer, auction

Foodgrains Dealers Licensing Order, (1958), Cl. 2(a)] The supply of medical stores to the Government institutions without any profit motive, on the basis of 'no loss, no profit', and unless it was found that the transactions had

Royalty

to an inventor in respect of each article sold under the patent. Royalty is share of product or profit reserved by owner for permitting another to use the property. In its broadest aspect, it is share of

issue

issue 1 pl : proceeds from a source of revenue (as an estate) [rents, s, and profits] 2 : one or more lineal descendants [died without ] compare child, heir 3 a : a vital

future

the price of the commodity has gone up when the future date arrives, the buyer in the contract profits. If the price has gone down, the seller profits.

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