Such Assets - Law Dictionary Search Results
Floating charge
A charge lien etc that successively attaches to such assets as a person may have from time to time leaving him more or less free to dispose of
Borrower
interest of any bank of financial institution in relation to such financial assistance. [Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, s. 2(1) (f)] The expression 'borrower' in s. 7 need not
Hypothecation
floating charge and crystallization of such charge into fixed charge on movable property. [Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002), s. 2 (1) (n)] The pleading of something
Keep your definitions linked to case research
Capital expenditure and revenue expenditure
If on the other hand it is made not for the purpose of bringing into existence any such asset or advantage but for running the business or working it with a view to produce the profits it
Revenue expenditure
Revenue expenditure, if expenditure is made not for the purpose of bringing into existence any such assets or advantage but for running the business or working it with a view to produce the profits it
Claim
enforced against a claimant, whether because he is ordinarily resident in a convention state or because he has assets in such State, De Beer v. Kannar Co. (CA), (2003) 1 WLR 38.
abate
arises in estate law when the amount of the bequests and devises made in a will exceeds the assets available in the estate. In such a case, some or all of the bequests and devises may have
Ancillary administration
the place of the decendent's domicile, such as one in a foreign state, the purpose being to collect assets and pay debts in that locality, Black Law Dictionary, 7th Edn., p. 45.
Influencing the thinking
the assess-ment of resources is concerned. Such assessment is in part a matter of putting a value on assets and partly a matter of arithmetical calculation, Reg. v. Legal Aid Board, Ex parte Parsons, 1997 All ER
Liability of legal representative signing
exchange or cheque is liable personally thereon unless he expressly limits his liability to the extent of the assets received by him as such. (Negotiable Instruments Act, 1881 (26 of 1881), s. 29)
Try the research workspace - 7 days free