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Recovery - Law Dictionary Search Results

Home Dictionary Name: recovery

Recovery

Recovery, the obtaining a thing by judgment or trial.The regaining or restoration of something lost or taken away, Black's Law Dictionary, 7th Edn., p. 1280.A true recovery is an actual or real recovery of anything, or the value thereof, by judgment; as if a man sue for any land or other thing movable or immovable, and gain a verdict or judgment.A feigned recovery. An abolished common assurance by matter of record, in fraud of the statute De Donis, whereby a tenant-in-tail in possession enlarged his estate-tail into a fee-simple and so barred the entail, and all remainders and reversions expectant there-on, with all conditions and collateral limitations annexed to them, and subsequent charges sub-ordinate to the entail. But incumbrances on the estate-tail equally affected such fee-simple, and any estate or interest prior to the entail remained undisturbed.This assurance consisted of two parts: (1) The recovery itself, which was a fictitious rea action in the Court of Common Pleas, carr...


Accelerated Cost Recovery System

Accelerated Cost Recovery System : a method of calculating depreciation introduced in the Economic Recovery Tax Act of 1981 that results in faster recovery of costs for property put into service after 1980 by assigning it a shorter useful life than that previously allowed by the tax code ...


Change recovery

Change recovery, information received by the police officer was not in regard to contraband article but was in regard to certain illicit liquor, therefore, search by officer concerned was not under the provision of Act. Held, this could be treated as a chance recovery for which it is not necessary to follow the procedure contemplated under s. 42/50 NDPS Act; Sorabkhan Gandhkhan Pathan v. State of Gujarat, 2004 (13) SCC 608. (NDPS Act, 1985, s. 42 & 50)....


Debts Recovery Tribunal

Debts Recovery Tribunal, means the Tribunal established under sub-s. (1) of s. 3 of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993. [Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002), s. 2 (1) (i)]...


Recovery of land

Recovery of land, the title, since the Judicature Acts, of the action of 'ejectment' to transfer the poss-ession of land from the wrongful to the rightful owner.Under the County Courts Orders, see Order V., actions to recover possession of land under ss. 138 and 139 of the County Courts Act, 1888, were to be so called in distinction from actions of ejectment under s. 59, ibid., but by the County Courts Act, 1934, s. 48, county courts have jurisdiction over actions for the recovery of land where neither the value of the land nor the rent exceeds 100l. per annum, and references to ss. 138 and 139 of the Act of 1888 are to be construed as references to s. 48 of 1934. As to the judges' discretion under s. 138 of the County Courts Act, 1888, see Sheffield Corporation v. Luxford, (1929) 2 KB 180....


Tax Recovery Officer

Tax Recovery Officer, means a Tax Recovery Officer appointed by the State Government under sub-s. (4) of s. 55. [West Bengal Value Added Tax Act, 2003, s. 2(51)]...


bad debt recovery

bad debt recovery An account that you "wrote-off" as not collectable, but that was later paid by the customer. When this happens, you must adjust your accounts. Your company's adjusting entries would look something like this: A debit to accounts receivable in the amount of $500 and a credit to allowance for bad debts in the amount of $500; and a debit to cash in the amount of $500 and a credit to accounts receivable in the amount of $500. ...


cost recovery

cost recovery : depreciation ...


recovery

recovery pl: -er·ies 1 : the act, process, or fact of recovering 2 a : the obtaining, getting back, or vindication of a right or property by judgment or decree ;esp : the obtaining of damages b : an amount awarded by or collected as a result of a judgment or decree ...


Qua revenue recovery

Qua revenue recovery. See K.V. Bhaskaran v. Sub-Registrar, Sub-Registrar's Office, AIR 2005 Ker 278....


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