Ratable - Law Dictionary Search Results

Home Dictionary Name: ratable

ratable

ratable : made or calculated according to a proportionate rate : pro rata [a distribution of the bankruptcy estate] rat·ably [-blē] adv ...

Ratability

The quality or state of being ratable...

Ratable

Capable of being rated or set at a certain value...

Increase of Rent and Mortgage (Restrictions) Acts (English)

Increase of Rent and Mortgage (Restrictions) Acts (English). A series of statutes, each of a temporary character, curtailing the contractual rights, in respect of certain classes of property, of landlords and mortgagees. This legislation was rendered necessary, in the first instance, by the conditions caused by the outbreak of the Great War. The continuance of the protection to tenants and mortgagees of dwelling-houses afforded by the later Acts was made necessary by the housing shortage, caused principally by the economic effects of the war. The Courts (Emergency Powers) Act,1914 (4 & 5 Geo. 5, c. 78), was the first of such Acts: it restricted the right to levy distress or resume possession of property by landlords and of mortgagees to foreclose or realize their security. This Act was followed by a series of complicated statutes which imposed restrictions on increasing the rent and mortgage interest on properties falling within their scope. the obscure and ambiguous drafting of these ...

Pari passu

Pari passu [Lat.], means 'with equal steps, equally, without preference' (Jowitts's Dictionary, Vol. II, 1959 Edn., p. 1294), International Coach Builders Ltd. v. Karnataka State Financial Corporation, (2003) 10 SCC 482 (493).With equal step, equally, without preference.The lexical meaning of the Latin word pari passu is -- at an equal rate or pace, with simultaneous progress, proportionately etc. This term is generally used in the context of creditors who, in marshalling assets, are entitled to receive out of the same fund without any precedence over each other, N.D. Jayal v. Union of India, (2004) 9 SCC 362 (389).Mean 'By an equal progress; equably, ratably; without preference, Narmada Bachao Andolan v. Union of India, (2005) 4 SCC 32....

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