Technical Adjustment - Law Dictionary Search Results
Home Dictionary Name: technical adjustmentTechnical adjustment
Technical adjustment, means a brief change in the general upward or downward trend of stock-market price. Such as a short rally during a bull market, Black's Law Dictionary, 7th Edn., p. 1476....
Technical Instruction
Technical Instruction. By the repealed (English) Technical Instruction Act, 1889 (52 & 53 Vict. c. 76), technical instruction, i.e., by s. 8, instruction in the principles of science and art applicable to industries, but not including the teaching, the practice of any trade or industry or employment, might be provided by local authorities at the expense of the ratepayers; and by the repealed Technical Instruction Act, 1891 (54 & 55 Vict. c. 4), a local authority might provide for a supply of such instruction in a school outside its own district, so far as necessary for the requirements of its own district, in cases where similar provision could not be so advantageously made by aiding a school within its own district; but these Acts are superseded by the Education Act, 1921, Part VI., and the Unemployment Insurance Act, 1935 (25 & 26 Geo. 5, c. 35), ss. 83 and 113....
Technical
Technical, means what is characteristic of a particular art, science, profession, or trade, (New Webster's Dictionary of the English Language), Central Board of Direct Taxes v. Oberoi Hotels (India) Pvt. Ltd., (1998) 4 SCC 552.The word 'technical' is described in the Concise Oxford Dictionary to mean a particular art, science or of applied science or vocational training dealing with applied science. It is trite to say that when a word has many etymological meanings attributed to it, the same takes its true colour from the text and context. The dictionary meaning of the word 'technical' is also 'professional' and is used in contradiction with pure sciences, Dean Goa Medical College, Sudhir Kumar Solanki, AIR 2001 SC 3422 (3423): (2001) 7 SCC 645. [Goa, Daman and Diu Reorganisation Act, 1987, s. 58]...
Technical education
Technical education, has the meaning assigned to it in clause (g) of s. 2 of the All India Council for Technical Education Act, 1987 (52 of 1987). [National Commission for Minority Educational Institution Act, 2004, s. 2(k)]Technical education, includes medical education, Nachane Ashwini Shivram v. State of Maharashtra, AIR 1998 Bom 1. [See also Constitution of India, Art. 371(2)(c), List III, Entry 25]...
Technical services
Technical services, includes 'professional services' as well, Central Board of Direct Taxes v. Oberoi Hotels (India) Pvt. Ltd., (1998) 4 SCC 552.The expression 'technical services' has a very broad connotation and it has been elsewhere in the statute also so widely as to comprehend professional services: vide s. 9(1)(vii), referred to earlier. But we need not digress on this aspect for two reason. Firstly, whatever may be the position regarding other 44 professional services', there can hardly be any doubt that services involving specialised knowledge, experience and skill in the field of constructional operations are 'technical services', Continental Construction Ltd. v. C.I.T., 1992 Supp (2) SCC 567: AIR 1992 SC 803 (825). [Income Tax Act, 1961, s. 80-89(1)(vii) Expln. 2]...
adjust status
adjust status 1) To change from a nonimmigrant visa status or other status 2) To adjust the status of a permanent resident (green card holder). Source: Department of State. March 2007. ...
adjustable-rate mortgage (arm)
adjustable-rate mortgage (arm) a mortgage loan that does not have a fixed interest rate. During the life of the loan the interest rate will change based on the index rate. Also referred to as adjustable mortgage loans (AMLs) or variable-rate mortgages (VRMs). Source: U.S. Department of Housing and Urban Development ...
adjustment index
adjustment index the published market index used to calculate the interest rate of an ARM at the time of origination or adjustment. Source: U.S. Department of Housing and Urban Development ...
modified adjusted gross income
modified adjusted gross income There are different definitions for different purposes. It is usually the adjusted gross income with various items added back in. ...
Adjustment of a loss
Adjustment of a loss [fr. adjuster, Tr., to make event], the settling and ascertaining the amount of the indemnity which the assured, after all allowances and deductions made, is entitled to receive under the policy, and fixing the proportion which each underwriter is liable to pay. See York-Antwerp Rules, 1890, (English) Marine Insurance Act, 1906 (6 Edw. 7, c. 41), and Lowndes on Average...
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