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Use Value - Law Dictionary Search Results

Rate

Dictionary, 7th Edn., p. 1268. The term 'rate' is also used to mean a charge by a water, gas, railway, or … property within a parish or other area. Proportional or relative value; the proportion of which quantity or value is adjusted, Black's

Goods

all materials, articles and commodities whether or not to be used in the construction, fitting out, improve-ment or repair of movable … before sale or under the contract of sale, [The Maharashtra Value Added Tax Act, 2005, s. 2(12)] Means all kinds of

salvage value

sale of a fixed asset at the end of its useful life NOTE: Salvage value is used in calculating depreciation.

Consumption and use

the act of consuming and in ordinary parlance means the use of an article in a way which destroys, wastes or … At every such intermediate stage of production, some utility or value is added to goods which are used as raw materials

Consummation

the act of consuming and in ordinary parlance means the use of an article in a way which destroys, wastes or … At every such intermediate stage of production, some utility or value is added to goods which are used as raw materials

basis

has set some limits on which method a taxpayer may use for figuring taxable income. For example, a corporation with gross … received or made called also cash method 3 : the value (as cost or fair market value) of an asset used

bond

that may be redeemed at face value before maturity if used in settling federal estate taxes guaranteed bond : a bond

Ad valorem

Ad valorem, a term used in speaking of the duties or customs paid on certain … on others are paid ad valorem--that is, according to their value. The term is used also of stamp duties, which, in

life insurance

insured and that can be sold for surrender value or used as the basis of low-interest loans called also ordinary life

true value

of personal property for purposes of taxation of such property used in business … true value 1 : fair market value called also true cash value

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