Time Draft - Law Dictionary Search Results
Home Dictionary Name: time drafttime draft
time draft see draft ...
draft
draft 1 : a preliminary version of something (as a law) 2 a : a system for or act of selecting individuals from a group (as for military service) b : the act or process of selecting an individual (as for political candidacy) without his or her expressed consent 3 : an order for the payment of money drawn by one person or bank on another see also drawee, drawer compare check documentary draft : a draft that will be honored only upon the presentation of certain documents (as an invoice or certificate of title) sight draft : a draft payable on presentation time draft : a draft payable a specified number of days after the date of the draft or of its presentation vt 1 : to select for some purpose ;specif : to conscript for military service 2 : to compose or prepare esp. the preliminary version of [ing legislation] vi : to practice draftsmanship draft·er n ...
Banker's Draft
Banker's Draft. A banker's draft is defined by s. 1 of the (English) Bills of Exchange Act (1882) Amendment Act, 1932 (22 & 23 Geo. 5, c. 44), as 'a draft payable on demand drawn by or on behalf of a bank upon itself whether payable at the head office or some other office of the bank.' This Act makes ss. 76 and 82 of the (English) Bills of Exchange Act, 1882 (45 & 46 Vict. c. 61), applicable to a banker's draft as if it were a cheque....
documentary draft
documentary draft see draft ...
sight draft
sight draft see draft ...
Draft, or draught
Draft, or draught, a bill drawn by one person upon another for a sum of money; an order in writing to pay money; also a sketch or suggested form of a legal or any document, etc., to be settled previously to engrossment. Drafts are the property of the client, in business within the Solicitors Remuneration Order, 1882 (see SOLICITOR), by r. 3 of that Order. See CHEQUE....
trade acceptance
trade acceptance : a time draft or bill of exchange for the amount of a specific purchase drawn by the seller on the buyer, bearing the buyer's acceptance, and often noting the place of payment (as a bank) ...
Re-draft
Re-draft, a second bill of exchange.A second negotiable instrument offered by drawers after first instrument has been dishonoured, Black's Law Dictionary, 7th Edn., p. 1283....
Time
Time. before 1751 the legal year in England began on the 25th March, therein differing from the common usage in the whole kingdom, and the legal method in Scotland. In 1751 the Gregorian, or present, calendar was substituted for the Julian Calendar by 24 Geo. 2, c. 23.1. A measure of duration 2. A point in or period of duration at or during which something is alleged to have occurred 3. Slang. A convicted criminal's period of incarceration, Black's Law Dictionary, 7th Edn.Time in Acts of Parliament (see, e.g., the definition of night in the Larceny Act) and legal instruments means, in Great Britain, Greenwich mean time, and in Ireland, Dublin mean time, by virtue of the Statute (Definition of Times) Act, 1880 (43 & 44 Vict. c. 9). See, however, Gordon v. Cann, (1899) 68 LJQB 434. The effect of the Summer Time Act, 1922, continued annually, should be noted. The time for Great Britain, Northern Ireland, the Channel Islands, and the Isle of Man is one hour in advance of Greenwich time dur...
For the time being
For the time being, it may be for indefinite period of time depending upon the context in which the phrase is used. It denotes indefinite period of time, meaning thereby, the position as existing at the time of application of the rules, may be amended or unamended. Therefore, to come to a conclusion as to whether it is for one time or for indefinite period of time, the context, purpose and the intention of the use of the phrase will have to be seen and examined, Union Territory of Chandigarh v. Rajesh Kumar Bancundhi, (2003) 11 SCC 549 (554).For the time being means at the moment or existing position, Jivendra Nathu Kaul v. Collector, (1992) 3 SCC 576 (580).For the time being, the expression 'for the time being' indicates an indefinite period of time depending upon the context in which the phrase is used. Generally it denotes an indefinite period of time, meaning thereby, the position as existing at the time of application of the rules, maybe, amended or unamended . To come to a conclu...
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