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Receivability - Law Dictionary Search Results

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Turnover

'turnover' is defined in s. 2(t). It says: 'Turnover' means the aggregate of the amount of sale prices received or receivable by a dealer in respect of the sale or supply of goods in the carrying out

Savings banks

not be described in a manner which implies that the Government is responsible to depositors, that the money received must be paid to the Bank of England or Ireland and carried to an account kept in the

Post-graduate training

Post-graduate training, the expression 'post-gradu-ate training' is used in Rule 49(c) in the sense of training received by a person holding a degree in medicine or science and not in the sense that such training

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Mortgage

called because neither loan nor property is lost, for the creditor enters into possession of the estate, and receives its proceeds in satisfaction of his debt, with interest, upon which the debtor becomes entitled to his own

Misconduct

of precise definition, but at the same time though incapable of precise definition, the word 'misconduct' on reflection receives its connotation from the context, the delinquency in performance and its effect on the discipline and the nature

Mesne profit

Mesne profit, of property means those profits which the person in wrongful possession of such property actually received or might with ordinary diligence have received therefrom, together with interest on such profits, but shall not include

Liquidator

of three kinds:-- (1) Appointed by the court in a winding-up by the Court. pending appointment the Official Receiver in Bankruptcy is to act as Official Receiver and Liquidator in the winding-up (s. 185). By s. 186,

Income

expected regularity, from definite sources must be read with reference to the peculiar facts of that case. Money received 'under consequential loss policies, were income within the meaning of s. 2(6c) of the Income Tax Act, Raghuvanshi

sale

Under U.C.C. section 2-310, payment must be made in cash at the time and place that the buyer receives the goods unless there is a prior agreement between the parties for a sale on credit. conditional sale

basis

expenses are recorded in the period when they are earned or incurred regardless of when the payment is received or made called also accrual method cash basis : a method of accounting in which income and expenses

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