to Be Secured - Page 3 - Law Dictionary

Justifying security

Justifying security. Administrators in certain cases are required by the Court of Probate to give justifying security-i.e., the sureties to the administration bond must, in an affidavit, swear that they are, after the payment of their debts, worth a sum specified. Justifying security is required by the Court according to the circum-stances of each case, subject to the rule that whenever administration is granted in default of the appearance of persons cited, but not personally served with the citation, or for the use and benefit of a person of unsound mind, unless it is granted to a committee appointed by the Court of Chancery, justifying security must be given, Williams on Executors....

Government securities

Government securities, 'Government securities' shall mean securities of the Central Government, or of any State Government but in any Act or Regulation made before the commencement of the Constitution shall not include securities of the Government of any Part B State. [General Clauses Act, 1897 (10 of 1897), s. 3(24)]...

securities act of 1934

securities act of 1934 The federal securities act regulating the public trading of securities. This legislation established the Securities and Exchange Commission. (15 U.S.C. Sec. 78) Source: FindLaw ...

Interest on securities

Interest on securities, means interest on promissory notes or bonds issued by the Government of India or any other State Government or the interest on debentures or other securities issued by or on behalf of a local authority or company. It being a specific head of chargeability of tax, income from 'interest on securities' whether held as a trading asset or capital asset would have to be taxed under s. 8 and not under s. 10 of the Act, United Commer-cial Bank Ltd. v. Commissioner of Income Tax, AIR 1957 SC 918: (1958) SCR 79....

Security receipt

Security receipt, means a receipt or other security, issued by a securitisation company or reconstruc-tion company to any qualified institutional buyer pursuant to a scheme, evidencing the purchase or acquisition by the holder thereof, of an undivided right, title or interest in the financial asset involved in securitisation. [Securitisation and Reconstruc-tion of Financial Assets and Enforcements of Security Interest Act, 2002 (54 of 2002), s. 2(1)(zg)]...

Security of the State

Security of the State, the words 'Security of the State' cannot mean merely danger to the security of the entire country, AIR 1960 Bom 399 (402). [Constitution of India, Art, 19(2)]...

Security interest

Security interest, means right, title and interest of any kind whatsoever upon property, created in favour of any secured creditor and includes an mortgage, charge, hypothecation, assignment other than those specified in s. 31. [Securitisation and Reconstruction of Financial Assets and Enforcements of Security Interest Act, 2002 (54 of 2002), s. 2(1) (zf)]...

Private security guard

Private security guard, means a person providing private security with or without arms to another person or property or both and includes a supervisor. [Private Security Agencies (Regulation) Act, 2005 (29 of 2005), s. 2(h)]...

Private security

Private security, means security provided by a person, other than a public servant, to protect or guard any person or property or both and includes provision or armoured car service. [Private Security Agencies (Regulation) Act, 2005 (29 of 2005), s. 2(f)]...

Lien and claim

Lien and claim, where a claim cannot but be termed to be a genus-lien is a particular species arising out of the genus and the two terms namely, claim and lien cannot be identified with each other so as to accord same meaning, M.V. Al Quamar v. Travliris Salvage (International) Ltd., AIR 2000 SC 2826 (2847): (2000) 8 SCC 278. (Contract Act, 1872, s. 171)...

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