per capita
per capita 〈拉〉按人头；按人数 指在同一类的各个个体之间平均分配。通常用于遗产分配，即在被继承人未立遗嘱时，按照处在同等地位的继承人的人数平均分配遗产，而不涉及代位继承。例如，被继承人有子女甲、乙两人，甲有子女两人，乙有子女三人，若甲、乙均先于被继承人死亡，则甲、乙的子女每人各得遗产的1/5。此语有时用来表明股东大会上，每名股东不问持股多少均享有一个表决权。 (→per stirpes)
Search Results for: PER CAPITA
per capita with representation
Divided equally among all members of a class of takers, including those who have predeceased the testator, so that no family stocks are cut off by the prior death of a taker. • For example, if T (the testator) has three children — A, B, and C — and C has two children but predeceases
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per capita
per capita (p[schwa]r kap-i-t[schwa]), adj. [Latin “by the head”] 1. Divided equally among all individuals, usu. in the same class (the court will distribute the property to the descendants on a per capita basis). Cf. PER STIRPES . [Cases: Descent and Distribution 43; Wills 530. C.J.S. Descent and Distribution §§ 27–28; Wills §§ 1015–1016.] “Per
holding period
holding period. Tax. The time during which a capital asset must be held to determine whether gain or loss from its sale or exchange is long-term or short-term. [Cases: Internal Revenue 3260; Taxation 995–996. C.J.S. Internal Revenue § 127; Taxation §§ 1726, 1732–1733.]
long term capital gain
The profit realized from selling or exchanging a capital asset held for more than a specified period, usu. one year. [Cases: Internal Revenue 3260. C.J.S. Internal Revenue § 127.]
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capitalization rate
capitalization rate. The interest rate used in calculating the present value of future periodic payments. — Also termed cap rate; income yield.
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capitalis
capitalis (kap-i-tay-lis), adj. [Latin] 1. Roman law. (Of a crime) punishable by death, loss of liberty, or loss of citizenship. See CAPUT. 2. Hist. (Of a person or judicial proceeding) that is principal or chief. capitalis, n. [Latin “chief”] Hist. A principal (or chief) person, object, or judicial proceeding.
capital gain
capital gain. The profit realized when a capital asset is sold or exchanged. — Also termed capital gains. Cf. ordinary gain under GAIN(3); capital loss under LOSS. [Cases: Internal Revenue 3230.1–3234. C.J.S. Internal Revenue §§ 128–129, 132, 490–491.] “Throughout most of the history of income taxation in the U.S., a distinction has been drawn between
per stirpes
per stirpes (p[schwa]r st[schwa]r-peez), adv. & adj.[Latin “by roots or stocks”] Proportionately divided between beneficiaries according to their deceased ancestor’s share. — Also termed in stirpes; per stirpem. Cf. PER CAPITA . [Cases: Descent and Distribution 43; Wills 530. C.J.S. Descent and Distribution §§ 27–28; Wills §§ 1015–1016.]