Legal Dictionary

Search results for: “financial loss”

  • Insurance

    Legal Definition and Related Resources of Insurance Meaning of Insurance Insurance is a contract of indemnity whereby for a stipulated consideration one party , called the insurer, undertakes to indemnify the other , called the insured, against […]

  • Prices

    Price of a share of common stock on the date shown. Highs and lows are based on the highest and lowest intraday trading price….

  • Erosion

    Legal Definition and Related Resources of Erosion Meaning of Erosion The gradual wearing away of land by the act of the currents of waters or tides. state of Arkansas v State of Tennessee, 246 U.S. 158, 38 S.Ct. 301, 63 L.Ed. 638. <div […]

  • Limited Partnership

    A partnership formed by two or more persons having as members one or more general partners and one or more limited partners. See uniform Limited Partnership Act, §1. while civil law recog-nized limited partnerships, common law did not and limited partnership in common law […]

  • Joint Venture

    Legal Definition and Related Resources of Joint Venture Meaning of Joint Venture An association of two or more persons to carry out a single business enterprise for profit for which purpose they combine their property and services. See […]

  • Entrepreneur

    Entrepreneur Definition (in the Accounting Vocabulary) The New York State Society of Certified Public Accountants offers the following definition of Entrepreneur in a way that is easy for anybody to understand: Person who takes on the risks of starting a new business. United States Tax Concept […]

  • Fine

    Legal Definition and Related Resources of Fine Meaning of Fine In criminal law, the term denotes one form of punishment imposed whereby the offender is ordered to pay a certain sum o: money . It is a pecuniary penalty and may include forfeiture […]

  • Balance Sheet

    A several accounts. See Eyre v Hormen, 28 F. 779, 92 Cal. 580.

  • Poverty

    Legal Definition and Related Resources of Poverty Meaning of Poverty Synonyms of Poverty noun absence bare subsistence beggarliness beggar dearth deficiency deficit depletion destitution […]

  • Liability

    Legal Definition and Related Resources of Liability Meaning of Liability The word is a general one and has no judicially fixed meaning, the judicial interpretations being largely dependent on the context and the statute where the word occurs. […]

  • ACP-EC Partnership Agreement

    ACP-EC Partnership Agreement in Global Commerce Policy In this regard, acp-ec partnership agreement is: a framework for trade and economic cooperation between the ACP states (except Cuba) and the European Community which entered into force on 1 March 2000 for twenty years as the successor to […]

  • General Partner

    A partner who has unlimited liability for the obligations of the partnership….

  • General Partner

    A partner who has unlimited liability for the obligations of the partnership….

  • Exchange

    A transfer of property for property or some value other than money . barter . Even where money changes hands, in addition to property, it would still be an exchange. A trade is an exchange. Also, the place where merchants, businessmen, brokers, agents, etc., voluntarily […]

  • Capital Gain

    A term of art within the internal revenue code. As opposed to ordinary income, capital gain receives more favorable tax treatment. Only items representing capital interest may be treated as capital gain. Miller v C.I.R. (C.A.5)37I F.2d255.