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Debt security sterling

Debt security sterling, means a debt security in relation to which the principal, interest and subscription moneys are payable solely in sterling, and 'debt security' includes bonds, notes, debentures and debenture stock, Banking Act,

Friendly societies

Friendly societies, associations supported by subscription for the relief and maintenance of the members or their wives, children, relations, and nominees, in sickness, infancy,

Building society

society which may be established if the purpose or principal purpose is that of raising, primarily by the subscriptions of the members, a stock or fund for making to them advances secured on land for their residential

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Chit amount

Chit amount, means the sum-total of the subscriptions payable by all the subscribers for any instalment of a chit without any deduction of discount or otherwise.

Defaulting subscriber

Defaulting subscriber, 'defaulting subscriber' means a subscriber who has defaulted in the payment of subscriptions due in accordance with the terms of the chit agreement. [Chit Funds Act, (40 of 1982), s. 2(f)]

Entertainment tax

s. 5, Sched. II., and A.-G. v. Arts Theatre of London, Ltd., (1933) 1 KB 439 (part of subscriptions chargeable, apportioned); A.-G. v. Southport Corpn., (1934) 1 KB 226 (admission of non-bathers to swimming pool).

Freehold Land Societies

Freehold Land Societies, associations designed for the purpose of enabling the members to purchase, by means of their subscriptions, a piece of land of a sufficient value which is then divided amongst them in certain agreed shares,

Interlineation

c. 26), be executed as the Will itself (see WILL), but the signature of the testator and the subscriptions of the witnesses may be by initials. See INITIALS.

Money circulation scheme

such money or thing is derived from the entrance money of the members of such scheme or periodical subscriptions. [Prize Chits and Money Circulation Scheme (Banning) Act, 1978, (43 of 1978), s. 2(c)] To be a money

Promoter

Those persons who first associate themselves together for the purpose of organising the company, issuing tits prospectus, procuring subscriptions to the stock, securing a charter, etc., Black's Law Dictionary, 6th Edn.

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