Legal Dictionary

Search results for: “fair market value”

  • Goodwill

    The advantage or benefit which is acquired by a business, beyond the mere value of the capital, stock, funds or property employed therein, in consequence of the general public patronage and encouragement which it receives from constant or habitual customers. See Metropolitan Nat. Bank v St. […]

  • Trade

    Trade

    Legal Definition and Related Resources of Trade Meaning of Trade The word has various shades of meaning but its primary one is that of commerce , the business of selling, with a view to profit , goods which the trader has either manufactured […]

  • Seller

    A vendor ; one who sells property of his own or of or on behalf of another. Also, one who contracts to sell goods . See §2- 103(d) of U.C.C.

  • Price

    Price

    Legal Definition and Related Resources of Price Meaning of Price The consideration given in exchange or sale of anything. May be treated as equivalent to reward, value , estimation, equivalent or even cost. The rate of exchange estimated by […]

  • Carmack Amendment

    Legal Definition and Related Resources of Carmack amendment Meaning of Carmack amendment The purpose of the Carmack amendment to the Hepburn Act was to do away with the diflnculties shippers had encounteired in seeking to recover damages to […]

  • Estate Tax

    See alsoA federal or state excise tax, usually levied on a graduated basis,… (Read more)…

  • Estate Tax

    See alsoA federal or state excise tax, usually levied on a graduated basis,… (Read more)…

  • Place

    A particular point or portion of space, a definite locality or location. A fixed or ascertained spot. However, the word does not invariably signify a specific point. See Gerald v American Cas. Co. of Reading, (D. C. N. C.J 249 F. Supp. 355. A portion of space occupied by a body; a […]

  • Place

    A particular point or portion of space, a definite locality or location. A fixed or ascertained spot. However, the word does not invariably signify a specific point. See Gerald v American Cas. Co. of Reading, (D. C. N. C.J 249 F. Supp. 355. A portion of space occupied by a body; a […]

  • Imports

    Goods or merchandise brought into a country from a foreign country.

  • Going Price

    Going Price

    What is Going Price? A definition of going price is: The prevalent market price; the current market value of the article in question at the time and place of sale.[1] Resources Notes “Going Price” in the White America Dictionary (New York, Los Angeles, London, New Delhy, Hong Kong, 1989) […]

  • Going Price

    Going Price

    What is Going Price? A definition of going price is: The prevalent market price; the current market value of the article in question at the time and place of sale.[1] Resources Notes “Going Price” in the White America Dictionary (New York, Los Angeles, London, New Delhy, Hong Kong, 1989) […]

  • Buyer

    Buyer

    Purchaser.

  • Inheritance

    Real property that descended to the heir upon the ancestor ‘s death intestate . The term is also used in old books as synonymous with hereditaments. In popular language, the term is used to denote all property obtained by devise or descent although the term strictly means that […]

  • Arm’s Length

    Arm’s Length

    The relationship which exists between parties who are strangers to each other, and who bear no special duty, obligation, or relation to each other. The relationship between persons who are each acting for their own interest.