Worth - Law Dictionary Search Results
Home Dictionary Name: worthNet-worth
Net-worth, means the sum total of the paid-up capital and free reserves. [Sick Industrial Companies (Special Provisions) Act, 1985 (1 of 1986), s. 3 (1) (ga)]The concept of 'Net Worth' always denotes the excess of the book value of all assets over liabilities and market value of the assets is never taken into consideration; in fact the market value of assets which gives the 'current worth' becomes a relevant factor when in liquidation the question has to be considered whether the company possesses assets which would be sufficient to meet all its creditors or not, Commissioner of Income Tax v. Mahindra and Mahindra Limited, AIR 1984 SC 1182 (1193): (1983) 4 SCC 392: (1983) 3 SCR 773....
net worth method
net worth method : a method used by the Internal Revenue Service to detect and calculate tax evasion in which the change in a taxpayer's net worth is compared to reported taxable income taking into account living expenses, allowable deductions and exemptions, and nontaxable income ...
Worth
Worth, the word worth means the market value of the commodity in question, Shankar Bhai Dada Bhai Patel v. State of Bihar, AIR 1979 Pat 23(24). [Bihar Agricultural Produce Markets Act (16 of 1960), s. 27]1. The monetary value of a thing; the sum of qualities that render a thing valuable and useful, expressed in current medium of exchange 2. The emotional or sentimental value of something 3. The total wealth held by a person or entity, Black's Law Dictionary, 7th Edn., p. 1601...
comparable worth
comparable worth : the concept that women and men should receive equal pay for jobs calling for comparable skill and responsibility ...
net worth
net worth : the excess of the value of assets over liabilities : net assets at asset ...
Wort or worth
Wort or worth [fr. weorth, Sax.], a curtilage or country farm....
Worthing of land
Worthing of land, a certain quantity of land so called in the manor of Kingsland in Hereford; the tenants are called worthies, Jac. Law Dict....
Quantum valebant
Quantum valebant, means 'as much as they were worth'. At common law, a count in an assumpsit action to recover payment for goods sold and delivered to another, Black's Law Dictionary, 7th Edn., p. 1255.--(so much as it was worth). Where goods, etc., were delivered at no certain price, or for as much as they were worth in general, then quantum valebat lay, and the plaintiff was to aver them to be worth so much, as where the law obliged one to furnish another with goods or provisions, as an innkeeper to his guests, etc. Compare quantum meruit (supra)....
Carolin
A former gold coin of Germany worth nearly five dollars also a gold coin of Sweden worth nearly five dollars...
Estimate
To judge and form an opinion of the value of from imperfect data either the extrinsic money or intrinsic moral value to fix the worth of roughly or in a general way as to estimate the value of goods or land to estimate the worth or talents of a person...
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