maintenance, n. 1. The continuation of something, such as a lawsuit. 2. The continuing possession of something, such as property. 3. The assertion of a position or opinion; the act of upholding a position in argument. 4. The care and work put into property to keep it operating and productive; general repair and upkeep. 5. […]
stock split. The issuance of two or more new shares in exchange for each old share without changing the proportional ownership interests of each shareholder. • For example, a 3-for-1 split would give an owner of 100 shares a total of 300 shares, or 3 shares for each share previously owned. A stock split lowers
through rate. The total shipping cost when two or more carriers are involved. • The carriers agree in advance on a through rate, which is typically lower than the sum of the separate rates. [Cases: Carriers 26. C.J.S. Carriers §§ 138–140.]
price/cost analysis. A technique of determining, for antitrust purposes, whether predatory pricing has occurred by examining the relationship between a defendant’s prices and either its average variable cost or its average total cost.
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A fixed amount of money to be paid upon divorce by one former spouse to the other, in a lump sum or in installments. • Typically, the total amount is unmodifiable regardless of any change in either person’s circumstances. [Cases: Divorce 241. C.J.S. Divorce §§ 395–397.]
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An adult who (1) is not the child’s legal parent, (2) has, with consent of the child’s legal parent, resided with the child for a significant period, and (3) has routinely performed a share of the caretaking functions at least as great as that of the parent who has been the child’s primary caregiver without
Total sales (esp. in retail) before deductions for returns and allowances. — Also termed sales in gross.
Total income from all sources minus deductions, exemptions, and other tax reductions. • Income tax is computed on net income. — Also termed net earnings. [Cases: Taxation 980. C.J.S. Taxation §§ 1715–1716.]
future interest. A property interest in which the privilege of possession or of other enjoyment is future and not present. • A future interest can exist in either the grantor (as with a reversion) or the grantee (as with a remainder or executory interest). Today, most future interests are equitable interests in stocks and debt