Legal Definition and Related Resources of Caeteris paribus

Other things being equal.

What does Caeteris Paribus mean in American Law?

The definition of Caeteris Paribus in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is:

In corporate accounting and law, that entry on the books of the corporation covering the stockholders” equity in the business, their investment, which at least formally (see capital) ought not to be available for distribution to them by dividend or otherwise.

Also, in a law of future interests and trusts, some expenses and gains must be allocated between persons with present and future beneficial interests. It is frequently the case that that allocation will be made by asking if the item is for the “capital account,” or is a “capital improvement” or is “chargeable to capital.” If so, it is to be entered for or against the holder of the more distant interest.

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This definition of Caeteris Paribus Is based on the The Cyclopedic Law Dictionary . This definition needs to be proofread..

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