S 186 - Page 6 - Law Dictionary

Creditor's committee

Creditor's committee, means a general meeting of the bankrupt's creditors may, in accordance with the Insolvency Rules 1986, establish a committee ('the creditors' committee') to exercise the functions conferred on it by or under Insolvency Act, 1986 (UK) Halsbury's Laws of England, Vol. 3(2), para 316, p. 172....

Locke's Act

Locke's Act (English), (23 & 24 Vict. c. 127), the Solicitors Act, 1860, amending the law as to the admission etc., of solicitors. Secs. 22 (in part) and 34, 35 have not been repealed by the Solicitors Act, 1932 (23 & 24 Geo. 5, c. 37).Locke-King's Act (English) (17 & 18 Vict. c. 113), the Real Estates Charges Act, 1854 (amended by the Real Estate Charges Act, 1867 and 1877 (30 & 31 Vict. c. 69, and 40 & 41 Vict. c. 34)), whereby the heir or devisee of real estate was first precluded from claiming payment of a mortgage on such estate out of the personal assets of the ancestor or testator. In respect of deaths after 1925, both these Acts were repealed and reproduced and extended by the Administration of Estates Act, 1925; see s. 35....

Commission, the promoter's

Commission, the promoter's, means the amount by which the aggregate total stakes in all the competitions exceeds the sum of (1) the aggregate prize in the competitions; (2) the aggregate pool betting duty payable in respect of the competitions; and (3) the expenses of the promoter actually incurred by him in the conduct of the competitions, excluding any expenses properly chargeable to capital and any interest on borrowed money, and in particular, excluding any provision for the depreciation of building or equipment, any emoluments payable to the promoter, or, if the promoter is a partnership, to any of the partners, or, if the promoter is a body corporate, to any of the directors, and in any case any emoluments payable to any person whose emoluments depends to any extent on the profits of the promoter, Betting, Gaming and Lotteries Act, 1963, s. 4(3), Sch. 2, para 23(2) (UK) Halsbury's Laws of England, Vol. 4(1), para 116, p. 84....

Learner's licence

Learner's licence, 'learner's licence' means the licence issued by a competent authority under Chapter II authorising the person specified therein to drive as a learner, a motor vehicle or a motor vehicle of any specified class or description light motor vehicle. [Motor Vehicles Act, 1988 (59 of 1988), s. 2(19)]...

banker's acceptance

banker's acceptance : a short-term credit instrument issued by an importer's bank that guarantees payment of an exporter's invoice ...

battered woman's syndrome

battered woman's syndrome : the psychological symptoms suffered by a woman repeatedly abused by a mate (as a husband) NOTE: Battered woman's syndrome is used as a defense to violent criminal charges (as homicide). Evidence of repeated abuse is used to show that the defendant acted in self-defense even though the threat or danger was not imminent. Battered woman's syndrome is also used as a mitigating factor in sentencing. ...

subchapter S

subchapter S : a subchapter of chapter 1 of the Internal Revenue Code that allows a small business corporation's taxable income to be computed in a manner similar to that used for a partnership see also S corporation at corporation ...

Banker's receipt

Banker's receipt, a banker's receipt is a document issued by the seller bank acknowledging that it has received money for the sale of a particular security. It implies that the subject security is not readily available for delivery and that the same shall be delivered against the return of banker's receipt duly discharged, and in the meantime the securities are held by the seller bank on account of the purchaser, Citi Bank N.A. v. Standard Chartered Bank, (2004) 6 SCC 1 (16)....

Children's home

Children's home, means an institution established by a State Government or by voluntary organization and certified by that Government under s. 34. [Juvenile Justice (Care and Protection of Children) Act, 2000 (56 of 2000), s. 2 (e)]...

Butler's Ordinance

Butler's Ordinance, a law for the heir to punish waste in the life of the ancestor. Though it be on record in the Parliament Book of Edward I., yet it never was a statute, nor ever so received; but only some constitution of the king's council, or lords in Parliament, which never obtained the strength or force of an Act of Parliament, Hale's Hist. P. 18....

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