A contract requiring or authorizing the delivery of goods in separate lots, or payments in separate increments, to be separately accepted. • Under the UCC, this type of agreement will be considered one contract even if it has a clause stating that each delivery is a separate contract. UCC § 2-612. [Cases: Sales 163, 192. […]
installment contract Read More »
grade, n. Criminal law. An incremental step in the scale of punishments for offenses, based on a particular of-fense’s seriousness (several grades of murder). See DEGREE(2).
land values duties 〈英〉土地价值税 1910年《财政法》〔Finance Act〕所设的税种，包括增值税〔increment value duty〕、土地权益收回税〔reversion duty〕、未开发土地税和采矿权税。除采矿权税外，其他税项的征收费用超过了税收收入，因而于1920年予以废除。
land values duties Read More »
average variable cost. The average cost per unit of output, arrived at by dividing the total cost (fixed cost and variable cost) by output. See COST (1). Cf. LONG-RUN INCREMENTAL COST.
average variable cost Read More »