Legal Dictionary

Search results for: “taxable income”

  • 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.

  • Chapter

    Legal Definition and Related Resources of Chapter Meaning of Chapter In ecclesiastical law , the body of clergy connected with a cathedral to assist the bishop in the administration of matters relating to the church . <div […]

  • Chapter

    Legal Definition and Related Resources of Chapter Meaning of Chapter In ecclesiastical law , the body of clergy connected with a cathedral to assist the bishop in the administration of matters relating to the church . <div […]

  • Satisfaction

    To extinguish by performance or release and discharge of an obligation in reference to which the term is used. In equity , the term means the donation of a thing, with the intention , either express or implied , that it is to be taken either wholly or in part in […]

  • Satisfaction

    To extinguish by performance or release and discharge of an obligation in reference to which the term is used. In equity , the term means the donation of a thing, with the intention , either express or implied , that it is to be taken either wholly or in part in […]

  • Capital

    Hello Hello Legal Definition and Related Resources of Capital Meaning of Capital As an adjective, means chief , principal , or of pertaining to the death penalty , punishable with death. As a noun, in commercial parlance, means the fund or the […]

  • Spouse

    Legal Definition and Related Resources of Spouse Meaning of Spouse A husband or wife. Legal Definition of Spouse The person to whom you are married. Synonyms […]

  • Value

    Value

    The utility of an object in direct or indirect relation to the needs or desires of human beings. In this sense it is known as value in use. It also means the power of purchasing other goods or services which the possession of that object conveys, in which sense it is called value in exchange.…

  • Bequest

    A gift of real estate by will. See Eaten v MacDonald 145 A.2d369, 154 Me. 227.

  • Recapture

    Legal Definition and Related Resources of Recapture Meaning of Recapture The forcible taking back from an enemy property before the same is taken to a place of safety. In income tax law, the term denotes the process by which income that has been […]

  • Secretary

    Legal Definition and Related Resources of Secretary Meaning of Secretary A person who writes for another, an official scribe. A person entrusted with the management of business . The head of a government department. In relation to corporations, a […]

  • Accrual basis

    A method of keeping accounts which shows expenses incurred and income earned for a given period, although such expenses and income may not have been actually paid or received in cash. See First National Bank v State, 29 So.2d 673.

  • S Corporation

    S Corporation…

  • Garnishment

    Garnishment

    Legal Definition and Related Resources of Garnishment Meaning of Garnishment Proceedings in garnishment are one way of executing the judgment of the court . where a judgment creditor becomes aware that some money or property is owing or about to […]

  • Garnishment

    Garnishment

    Legal Definition and Related Resources of Garnishment Meaning of Garnishment Proceedings in garnishment are one way of executing the judgment of the court . where a judgment creditor becomes aware that some money or property is owing or about to […]