surplus proceeds
surplus proceeds 剩余所得 在为执行判决所进行的拍卖所得中,不用于实现判决的那部分所得。
proceeds and avails of insurance 保险收益 指保险受益人根据保险合同从保险人处取得的保险金等款项。
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value date. The date when the proceeds of a bill of exchange (e.g., a check) or of a foreign-exchange transaction (e.g., a sale of dollars for euros) become available for use. — Also termed here and there.
bulk sale. A sale of a large quantity of inventory outside the ordinary course of the seller’s business. • Bulk sales are regulated by Article 6 of the UCC, which is designed to prevent sellers from defrauding unsecured creditors by making these sales and then dissipating the sale proceeds. — Also termed bulk transfer. [Cases:
remnants and surpluses. Maritime law. The proceeds remaining from the sale of a ship after claims for seamen’s wages, bottomry bonds, salvage services, and supplies have been paid.
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recharacterization. A court’s determination that an insider’s loan to an entity in liquidation (such as a corporation or partnership) should be treated as a capital contribution, not as a loan, thereby entitling the insider to only part of the liquidation proceeds payable after all the business’s debts have been discharged. • Factors influencing this determination
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A certificate, investment contract, or other security providing for a series of periodic payments by the holder and representing an undivided interest in certain specified securities or in a unit or fund of securities purchased wholly or partly with the proceeds of those payments. • The term also includes any security whose issuer is also
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A foreclosure method in which the court orders the property sold, and the proceeds are applied first to pay the costs of the suit and sale and then to the mortgage debt. • Any surplus is paid to the mortgagor. [Cases: Mortgages 386. C.J.S. Mortgages § 693.]
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fruits of a crime. The proceeds acquired through criminal acts. [Cases: Criminal Law 1221. C.J.S. Criminal Law § 1733.]