Savings Account - Law Dictionary Search Results
constructive receipt
constructive receipt : the receipt of taxable income (as interest on a savings account) that is implied by the income's ready availability to the taxpayer although it has not actually been collected
credit union
association that makes small loans to its members at low interest rates and offers other banking services (as savings and checking accounts) … small loans to its members at low interest rates and offers other banking services (as savings and checking accounts)
disintermediation
disintermediation [from the investor's bypassing of the intermediate institution] : the diversion of savings from accounts with low fixed interest rates to direct investment in high-yielding instruments … disintermediation [from the investor's bypassing of the intermediate institution] : the diversion of savings from accounts with low fixed interest rates to direct investment in high-yielding instruments
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Ditto
two ldquoturned commasrdquo ldquo or small marks Used in bills books of account tables of names etc to save repetition
bank
: an association (as a credit union) owned by and offering banking services for its members ;specif : savings and loan association depositary bank : the first bank to take a negotiable instrument or promise or order … commercial bank : a bank organized chiefly to handle the everyday financial transactions of businesses (as through deposit accounts and commercial loans) cooperative bank : an association (as a credit union) owned by and offering banking services
Fast-day
92 of the Bills of Exchange Act, 1882, recognize such days. The last fast-day so appointed was on account of the Indian Mutiny in 1857, enjoined by proclamation published in the Gazette of September 25th. Consult Phillimore, … c. 19, however, providing for abstinence from flesh in Lent or on Fridays or Saturdays, which was expressly saved by s. 4 of this Act, has been repealed by 19 & 20 Vict. c. 64, with many
Railway
Government Purchase and Revision of Tolls.-Since 1845 a clause has been inserted in every special railway Act to save the future parliamentary revision of the maximum rates and charges, and the Railway Regulation Act, 1844, authorised, after … dividend; but 2,000 miles of railway are excluded from this Act as having been constructed before its date. Accounts and Returns.-As to the accounts and returns which have to be made yearly to the Ministry of Transport,
Constructive total loss
regard to all the circumstances: in the case of a wreck the owner is entitled to take into account the break-up value, as well as the estimated cost of repairs, in reckoning whether there has been a … reasonable time to the assurers of abandonment, i.e., the relinquishment of all his right to whatever may be saved, is entitled to recover against them as for a total loss. If notice is not given, the loss
Accumulation
of any minority during which income is accumulated under compulsion of law is not to be taken into account in computing the permissible period. (See, L.P. Act, 1925, s. 165) S. 166 of the (English) Law of
Loan societies
27 Vict. c. 56), forms of proceeding of a similar nature to those prescribed in the Acts regulating savings banks and friendly societies are requisite to enable loan societies to avail themselves of this Act, and see … the debt as that Court can give judgment for, in lieu of the whole. An abstract of the accounts is to be made out yearly to the 31st December, and sent during January to the proper authority,
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