Terminate - Page 2 - Law Dictionary

Terminable interest

Terminable interest, means an interest that may be terminated upon the lapse of time or upon the occurrence of some condition, Black's Law Dictionary, 7th Edn., p. 1483....

Oyer and Terminer, a commission directed to the judges and other gentlemen of the county to which it is issued, by virtue whereof they have power to hear and determine treasons, and all manner of felonies and trespasses. Terminer is sometimes written determiner.When any sudden insurrection takes place, or any public outrage is committed which requires speedy reformation, or there is a press of business, then a special commission is immediately granted....

taxable termination

taxable termination : a generation-skipping transfer of property held in trust that is subject to a generation-skipping transfer tax payable by the trustee when an interest in the property terminates (as at the death of the parent of a skip person), no interest is held by one who is not a skip person, and a distribution to a skip person may be made compare direct skip, taxable distribution ...

Terminating Building Societies

Terminating Building Societies, societies where the members commence their monthly contributions on a particular day, and continue to pay them until the realization of shares to a given amount for each member, the society advancing the capital of the society to such members as require it by mortgage to secure the payment of interest as well as principal by them, and so as to ensure such realization within a given period of years, when the society terminates. See Building Societies Act, 1874 (37 & 38 Vict. c. 42), s. 5, and BUILDING SOCIETY. Consult Wurtzburg or Davis on Building Societies...

terminable interest

terminable interest see interest ...

Liquefied natural gas terminal

Liquefied natural gas terminal, means the facilities and infrastructure required to--(i) receive liquefied natural gas,(ii) store liquefied natural gas,(iii) enable regasification of liquefied natural gas, and(iv) transport regasified liquefied natural gas till the outside boundaries of the facility. Petroleum and Natural Gas Regulatory Board Act, 2006, s. 2(t)]...

Termination proceeding

Termination proceeding, means an administrative action to end a person's or entity's status or relationship, Black's Law Dictionary, 7th Edn., p. 1483....

nondeductible terminable interest rule

nondeductible terminable interest rule : a rule in estate tax law: the value of a property interest that passes to a surviving spouse may not be deducted if it passes from the surviving spouse to another person for less than adequate consideration upon the happening of some event (as the passing of a period of time) ...

Terminal

Terminal, means the place where the cargo and passengers change from one mode to other mode of transportation [National Waterway, Safety of Navigation and Shipping Regulations, 2002, R. 2(r)]Means the point at which motion or action ends; goal; end; finishing point; sometimes that from which it starts; starting paint; and end; extremity; the point at which something comes to an end, Central India Spinning and Weaving Mfg. Co. Ltd. v. Municipal Committee, Wardha, AIR 1958 SC 341; Man Mohan Tuli v. M.C. Delhi, AIR 1981 SC 991: 1981 (2) SCC 467....

Superannuation and termination

Superannuation and termination, means the former takes place automatically on an employee reaching a particular age for which a notice is not required. Hence, the latter cannot include the former. The import of two is entirely different, PKG Udyog Sangh v. Jit Ram, (1975) Lab IC 1484 (Punj)....

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