Search Results for: MILL

mill site

mill site. 1. A small tract of land on or contiguous to a watercourse, suitable for the erection and operation of a mill. [Cases: Manufactures 2.] 2. Mining law. A small parcel of nonmineral public land (not exceeding five acres) claimed and occupied by an owner of a mining claim because the extra space is

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mill rate

mill rate. A tax applied to real property whereby each mill represents $1 of tax assessment per $1,000 of the property’s assessed value (the mill rate for taxes in this county is 10 mills, so for a home valued at $100,000, the owner will pay $1,000 in property taxes). — Also termed millage rate. [Cases:

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mill site

mill site 〈美〉磨坊址 指河中或河边适宜建造磨坊以利用河水动力的地块。依照采矿法,尤指采矿权人可主张权利的公有地地块,面积不超过5英亩,不包括采矿地,不邻近矿脉,使用目的为碾磨或其他直接与采矿有关的目的;也指设置磨坊和实际用于碾磨目的,但又非现采矿权人拥有或与任何采矿权人有关的小块地。

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Miller trust

An irrevocable trust funded with the income of an incompetent beneficiary who seeks to qualify for Medicaid in a state with an income cap. • Funding is strictly limited to the beneficiary’s income (from any source). The assets in the trust are not included in the beneficiary’s estate for Medicaid purposes if the trust assets

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mill

mill. 1. A machine that grinds corn, grain, or other substances, esp. using a wheel and circular motion. • The substance ground in a mill is sometimes called grist, esp. when it is a grain. Courts sometimes refer to the grinding process as a metaphor for the judicial process (suits to collect on promissory notes

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